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About Canadian Pacific Kansas City Limited (CPKC)
Canadian Pacific Kansas City Limited (CPKC) (TSX: CP, NYSE: CP) is a Class I freight railway company and the first and only single-line transnational railway seamlessly linking Canada, the United States, and Mexico. Headquartered in Calgary, Alberta, Canada, CPKC operates an expansive rail network spanning approximately 20,000 route miles, providing unparalleled access to major ports across North America, including Vancouver, Atlantic Canada, the Gulf of Mexico, and Lázaro Cárdenas, Mexico.
Core Operations and Revenue Streams
CPKC specializes in the transportation of a diverse range of goods, including:
- Bulk Commodities: Grain, fertilizer, potash, coal, and energy products such as crude oil and frac sand.
- Intermodal Freight: Containers carrying consumer goods, electronics, and other merchandise.
- Temperature-Controlled Logistics: Fresh and frozen food products transported via its TempPro™ intermodal containers.
- Automotive Products: Vehicles and parts for North America's automotive industry.
- Chemicals and Plastics: Industrial inputs vital to manufacturing and production.
Through strategic partnerships and investments, CPKC also offers comprehensive supply chain solutions, leveraging its logistics expertise to deliver reliable, efficient, and competitive services.
Strategic Significance and Competitive Edge
The 2023 merger of Canadian Pacific Railway and Kansas City Southern positioned CPKC as a critical player in North American trade, enabling single-linehaul services that connect Canada and the Upper Midwest to Texas, the Gulf of Mexico, and deep into Mexico. This unique network eliminates the need for interchanges, reducing transit times and enhancing supply chain reliability.
Key infrastructure projects, such as the Patrick J. Ottensmeyer International Railway Bridge and its growing fleet of refrigerated intermodal containers, further solidify its role in facilitating cross-border commerce and addressing inefficiencies in cold chain logistics.
Innovation and Sustainability
CPKC is a leader in adopting innovative technologies to enhance operational efficiency and sustainability. Its Hydrogen Locomotive Program exemplifies its commitment to decarbonizing rail transport. By retrofitting diesel locomotives with hydrogen fuel cells, the company aims to reduce greenhouse gas emissions while maintaining high performance. Additionally, CPKC's renewable energy initiatives, including solar-powered electrolyzers for hydrogen production, showcase its dedication to a greener future.
In its 2025 Climate Mileposts report, CPKC outlined its ongoing efforts to improve locomotive fuel efficiency and expand real-world hydrogen locomotive testing, reinforcing its position as an environmentally responsible freight carrier.
Market Position and Growth Prospects
CPKC's unmatched network reach and strategic partnerships with companies like Americold and Ballard Power Systems enable it to capitalize on growing demand for integrated, cross-border logistics solutions. Its investments in infrastructure, such as temperature-controlled facilities and expanded rail capacity, position the company to meet evolving market needs while driving long-term growth.
With a focus on operational excellence, safety, and customer service, CPKC continues to deliver value to stakeholders, making it a cornerstone of North American trade and commerce.
Challenges and Industry Dynamics
Operating in a highly competitive and regulated industry, CPKC faces challenges such as fluctuating commodity prices, labor negotiations, and environmental regulations. However, its proactive approach to innovation, sustainability, and strategic investments mitigates these risks, ensuring its resilience and adaptability in a dynamic market landscape.
Conclusion
Canadian Pacific Kansas City Limited is a transformative force in North American freight rail, offering unparalleled connectivity, innovative solutions, and a commitment to sustainability. Its strategic vision and operational excellence make it a pivotal player in enabling efficient trade across Canada, the United States, and Mexico.
Canadian Pacific Kansas City (CP) announced that Executive Vice-President and Chief Marketing Officer John Brooks and Senior Vice-President Accounting, Planning and Procurement Ian Gray will speak at the 24th Annual Scotiabank Transportation & Industrials Conference on November 13, 2024, at 9 a.m. ET. The company will provide a live audio webcast of the presentation through their investor relations website, with a replay available after the event.
Canadian Pacific Kansas City (CP) announced Q3 2024 results with revenues of $3.5 billion, up 6% from Q3 2023. The company reported diluted EPS of $0.90 and core adjusted combined diluted EPS of $0.99, an 8% increase year-over-year. Operating ratio increased by 120 basis points to 66.1%. Revenue Ton-Miles grew by 4%, while safety metrics improved with decreased FRA-reportable personal injury and train accident frequencies. CPKC maintains its guidance for double-digit core adjusted combined diluted EPS growth in 2024 versus 2023's $3.84, with RTMs expected to increase mid-single digits.
Canadian Pacific Kansas City (CP) has announced a quarterly dividend payment. The Board of Directors declared a dividend of $0.19 per share on outstanding Common Shares. Shareholders of record as of December 27, 2024, will receive the payment on January 27, 2025. The dividend qualifies as an 'eligible' dividend under the Income Tax Act (Canada) and similar provincial/territorial legislation.
The Surface Transportation Board (STB) has approved a transaction involving Canadian Pacific Kansas City (CPKC), CSX , and Genesee & Wyoming Inc. (G&W) to create a new direct CPKC-CSX interchange connection in Alabama. This approval, effective November 16, 2024, allows CPKC to acquire and operate a 52-mile segment between Meridian, Miss., and Myrtlewood, Ala., while CSX will operate lines east of Myrtlewood.
The transaction will establish a direct Class I-to-Class I interchange near Myrtlewood, connecting shippers in Mexico, Texas, and the Southeast U.S. This new east-west Class I route aims to create competition, reduce truck traffic, and expand rail transportation markets across the southern U.S., from Dallas to Atlanta and beyond. The Meridian & Bigbee Railroad (MNBR) will continue to provide local service between Meridian and Myrtlewood.
CPKC has announced the schedule and artist lineup for its 2024 Holiday Train program, starting on Nov. 21. The illuminated train will travel across CPKC's network in Canada and the U.S., raising donations for food banks and spreading holiday cheer. Key highlights include:
- Over $24.3 million and 5.3 million pounds of food collected since 1999
- 167 live music shows in 7 provinces and 13 states
- First-time visit to Saint John, N.B.
- Performances by artists like James Barker Band, Tyler Shaw, and KT Tunstall
The Holiday Express train will make 13 public stops in Louisiana, Mississippi, and Texas. All events are free, with attendees encouraged to donate to local food banks. Full schedules are available at cpkcr.com/holidaytrain.
Canadian Pacific Kansas City (CPKC) has announced that it will release its third-quarter 2024 financial and operating results after the market close on October 23, 2024. The company will discuss these results with the financial community in a conference call scheduled for 4:30 p.m. ET (2:30 p.m. MT) on the same day.
Interested parties can access the conference call via phone using the following numbers:
- Canada and U.S.: 800-225-9448
- International: 203-518-9708
- Conference ID: CPKCQ324
Callers are advised to dial in 10 minutes before the call. Additionally, a webcast and presentation materials will be available in the Investors section of CPKC's website at investor.cpkcr.com. A replay of the call will be accessible by phone through October 30, 2024.
Canadian Pacific Kansas City (CPKC) is participating in Rail Safety Week from Sept. 23 to 29, 2024, joining forces with Operation Lifesaver Canada, Operation Lifesaver Inc. in the U.S., and the Mexican Association of Railroads. The initiative aims to raise rail safety awareness across North America.
CPKC Police Service officers will conduct safety presentations in schools and communities throughout their network. In Mexico, CPKC de México representatives will spread the #SeeTracksThinkTrain message. The campaign emphasizes the importance of safe behavior around tracks and trains to prevent devastating incidents.
Key activities include:
- Operation Clear Track in Canada, featuring 'Look. Listen. Live.' rail decals at four crossings
- #STOPTrackTragedies promotion in the U.S.
- Collaboration with local law enforcement and communities
According to Operation Lifesaver Inc., approximately 2,100 North Americans are seriously injured or killed annually due to unsafe behavior around railway tracks and trains.
Canadian Pacific Kansas City (CPKC) has appointed Arturo Gutiérrez Hernández to its Board of Directors, effective Nov. 1, 2024. Gutiérrez, 58, from Monterrey, Mexico, is the CEO of Arca Continental, Latin America's second-largest Coca-Cola bottler. CPKC Chair Isabelle Courville praised Gutiérrez's extensive experience in Mexico and his seasoned leadership background. The appointment aims to enhance the board's geographic diversity and contribute to CPKC's success across North America. Gutiérrez has been with Arca Continental for 23 years, holding various leadership positions before becoming CEO in 2019. He holds a Law Degree from Escuela Libre de Derecho and a Master's Degree in Law from Harvard University.
Canadian Pacific Kansas City (CPKC) announced that its President and CEO, Keith Creel, will be speaking at the Morgan Stanley 12th Annual Laguna Conference on Sept. 11, 2024, at 10:35 a.m. ET. This event provides an opportunity for investors and analysts to gain insights into CPKC's operations and strategy directly from its top executive.
CPKC will offer a live audio webcast of the presentation, accessible through their investor relations website at investor.cpkcr.com. For those unable to attend or listen live, a replay of the webcast will be made available after the event concludes, allowing stakeholders to review the presentation at their convenience.
Canadian Pacific Kansas City (CPKC) announced it will restart railway operations in Canada by 00:01 ET on Monday, Aug. 26, following a Canada Industrial Relations Board (CIRB) order. This comes after CPKC initiated a lockout on Thursday, Aug. 22. The company has requested Teamsters Canada Rail Conference (TCRC) employees to return for the Sunday day shift to expedite economic recovery and minimize supply chain disruptions.
CPKC is implementing a restart plan for safe resumption of rail service across Canada and working with customers to normalize operations. The CIRB will hold a meeting on Thursday, Aug. 29, to discuss final binding interest arbitration. Existing collective agreements remain in force. CPKC expects it will take several weeks for the railway network to fully recover and additional time for supply chains to stabilize.
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