Welcome to our dedicated page for Canadian Pacific Kansas City news (Ticker: CP), a resource for investors and traders seeking the latest updates and insights on Canadian Pacific Kansas City stock.
Canadian Pacific Kansas City Limited (CPKC), traded under the symbol CP on the NYSE and TSX, is a transnational freight railroad that regularly issues news on its operations, financial performance, labor relations and community initiatives. As a Class I railway with a single-line network linking Canada, the United States and México, its announcements reflect activity across approximately 20,000 route miles and multiple commodity and merchandise markets.
News from CPKC often covers quarterly and full-year financial and operating results, including revenues, earnings per share, operating ratios, volumes and safety statistics. These releases are typically accompanied by conference call and webcast details for the financial community, giving investors and analysts structured access to management’s commentary on the company’s performance and outlook.
Another recurring theme in CPKC’s news is labor relations. The company has reported numerous tentative and ratified five-year collective bargaining agreements with unions representing locomotive engineers, carmen, hostlers, laborers, clerks, maintenance workers, and mechanical and engineering supervisors across various U.S. properties. These updates outline wage provisions, work rules and the geographic scope of the agreements, and link them to CPKC’s ability to safely and efficiently serve customers and support economic activity.
CPKC’s news flow also includes recognition of grain elevators for safety and efficiency, reflecting its role in the agriculture supply chain, and statements on broader rail industry developments, such as regulatory merger applications involving other railroads. Community-focused stories, including the CPKC Holiday Train and the Tren Navideño, highlight fundraising and food collection efforts for local food banks in Canada, the United States and Mexico.
Investors, shippers and observers who follow CPKC news can expect a mix of financial disclosures, operational updates, labor agreements, industry commentary and community initiatives that together illustrate how the railway operates across North America.
Ballard Power Systems has signed a new Long Term Supply Agreement with Canadian Pacific Kansas City (CPKC) for 98 fuel cell engines, totaling approximately 20 megawatts (MW) of power. Each engine has a 200 kW capacity, with deliveries expected in 2025.
This agreement builds upon their existing partnership started in 2021, which has already delivered about 10 MW of fuel cell engines. CPKC currently operates three hydrogen locomotives, with prototype testing ongoing since 2022. The new engines will support CPKC's expanding hydrogen locomotive program, focusing on switching and freight service applications in Alberta, Canada.
Canadian Pacific Kansas City (CP) announced that President and CEO Keith Creel and EVP and COO Mark Redd will speak at the 2024 UBS Global Industrials and Transportation Conference on Dec. 4, 2024, at 9:40 a.m. ET. The company will provide a live audio webcast accessible through investor.cpkcr.com, with a replay available after the event.
CPKC and ATCO EnPower have completed construction of two hydrogen production and refuelling facilities in Calgary and Edmonton. The facilities, now fully operational, feature 1-megawatt electrolyzers, compression, storage, and dispensing systems for locomotive refuelling. The Calgary facility is partially powered by CPKC's existing 5 MW solar power facility. These stations support CPKC's Hydrogen Locomotive Program, which involves retrofitting diesel locomotives with hydrogen fuel cells to eliminate direct emissions. ATCO EnPower will operate both facilities under a signed agreement.
Canadian Pacific Kansas City (CPKC) announced that President and CEO Keith Creel and EVP and COO Mark Redd will speak at the 2024 UBS Global Industrials and Transportation Conference on December 3, 2024, at 8:50 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 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.
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