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Canadian Pacific Kansas City Limited - CP STOCK NEWS

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) (TSX: CP, NYSE: CP) is a Class I railroad operator that emerged from the merger of Canadian Pacific Railway and Kansas City Southern on April 14, 2023. Headquartered in Calgary, Alberta, CPKC is the first and only single-line transnational railway connecting Canada, the United States, and Mexico. With approximately 20,000 route miles, CPKC provides unparalleled rail service, offering freight transportation services, logistics solutions, and supply chain expertise to North American customers.

The merger has greatly expanded CPKC's network, allowing for single-line-haul services from Canada through the upper Midwest down to Texas, the Gulf of Mexico, and into Mexico. CPKC operates roughly 3,300 miles of rail in Mexico and is a significant player in cross-border and intra-Mexico freight transport. The company hauls a diverse mix of products, including grain, intermodal containers, energy products like crude and frac sand, chemicals, plastics, coal, fertilizer and potash, automotive products, and various other merchandise.

CPKC's most recent financial results highlight their strong performance in the fourth quarter of 2023. They reported revenues of $3.8 billion, a diluted earnings per share (EPS) of $1.10, and core adjusted combined diluted EPS of $1.18. The company has led the industry with the lowest frequency of train accidents among Class I railroads for 17 consecutive years. This achievement underscores CPKC's commitment to safety and reliability.

Looking forward to 2024, CPKC is optimistic about leveraging unique synergy opportunities and improving macroeconomic conditions to sustain their growth trajectory. Their dedication to service and safety continues to drive value for customers and shareholders alike. In addition to their operational achievements, CPKC is also involved in community investment programs, such as a notable $1.5 million commitment to the American Heart Association for heart research over the next three years.

CPKC's operational excellence is complemented by their strong financial management and strategic initiatives. They have successfully issued and managed commercial paper programs backed by significant revolving credit facilities. CPKC's acquisition-related costs and financial integration of Kansas City Southern have been managed efficiently, ensuring minimal disruption to their operational performance.

In summary, CPKC stands as a pivotal force in North American rail transport, providing extensive rail service that connects key markets across Canada, the United States, and Mexico. Their continued focus on safety, service excellence, and strategic growth initiatives make them a critical player in the industry.

Rhea-AI Summary

Canadian Pacific Kansas City (CPKC) is set to release its second-quarter 2024 financial and operating results after the market closes on July 30, 2024.

The company will host a conference call for the financial community at 4:30 p.m. ET (2:30 p.m. MT) on the same day to discuss the results.

Investors can access the webcast and presentation materials on CPKC's investor website. A replay of the call will be available until August 6, 2024, via phone for both domestic and international callers.

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Canadian Pacific Kansas City (CPKC) provided an update on its collective bargaining with the Teamsters Canada Rail Conference (TCRC) on May 16, 2024. The negotiations are set to resume on May 17, 2024, with the assistance of federal mediators. The Federal Minister of Labour’s referral to the Canada Industrial Relations Board (CIRB) has added uncertainty regarding potential work stoppages. Submissions from CPKC and TCRC are due by May 21, 2024, with replies by May 31, 2024. A legal strike or lockout cannot occur until the CIRB makes a decision. CPKC proposed maintaining certain services during strikes or lockouts to avoid the CIRB process, which the TCRC declined. CPKC committed to providing regular updates.

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Canadian Pacific Kansas City (CPKC) Executive Vice-President and Chief Marketing Officer John Brooks will speak at the 2024 Bank of America Transportation, Airlines and Industrials Conference on May 15, 2024. CPKC will offer a live audio webcast and replay for investors.

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Canadian Pacific Kansas City (CPKC) President and Chief Executive Officer, Keith Creel, will address the 2024 RBC Capital Markets Canadian Industrials Conference on May 14, 2024. Investors can access the live audio webcast on investor.cpkcr.com.

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Canadian Pacific Kansas City (CPKC) announced the results of the 2024 annual meeting, confirming the election of all 11 nominees as directors with significant approval percentages. Isabelle Courville was re-appointed Chair of CPKC's Board of Directors. Key advisory votes on executive compensation and climate change also received high approval rates.
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Canadian Pacific Kansas City (CPKC) reported its first-quarter results, showcasing revenues of $3.5 billion, diluted earnings per share (EPS) of $0.83, and core adjusted combined diluted EPS of $0.93. The company highlighted its success in driving growth and connecting markets across Canada, the United States, and Mexico. Despite an increase in operating ratio and FRA-reportable incidents, CPKC remains optimistic about its 2024 guidance and long-term value creation for employees, customers, and shareholders.
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Canadian Pacific Kansas City (CP) has declared a quarterly dividend of $0.19 per share on the outstanding Common Shares. The dividend is payable on July 29, 2024, to holders of record at the close of business on June 28, 2024.
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Canadian Pacific Kansas City (CPKC) announced the updated time for releasing its first-quarter 2024 financial and operating results on April 24, 2024. The company will hold a conference call to discuss the results with the financial community.
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Canadian Pacific Kansas City (CPKC) is set to announce its first-quarter 2024 financial and operating results on April 24, 2024. The company will host a conference call to discuss the results with the financial community. Investors can access the webcast and presentation materials on CPKC's website. A replay of the conference call will be available for a time.
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Canadian Pacific Kansas City (CP) announces the filing of its notice of meeting and management proxy circular for the 2024 annual meeting of shareholders. The virtual meeting will be held on April 24, 2024, allowing for greater shareholder participation through online voting and question submission.
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FAQ

What is Canadian Pacific Kansas City Limited (CPKC)?

CPKC is a Class I railroad operator connecting Canada, the United States, and Mexico, formed from the merger of Canadian Pacific Railway and Kansas City Southern.

Where is CPKC headquartered?

CPKC is headquartered in Calgary, Alberta, Canada.

What types of freight does CPKC transport?

CPKC transports a diverse mix of products, including grain, intermodal containers, energy products, chemicals, plastics, coal, fertilizer and potash, automotive products, and various other merchandise.

What was CPKC's revenue in Q4 2023?

CPKC reported revenues of $3.8 billion in the fourth quarter of 2023.

How does CPKC ensure safety in its operations?

CPKC led the industry with the lowest frequency of train accidents among Class I railroads for 17 consecutive years, demonstrating their commitment to safety.

What is the significance of CPKC's merger with Kansas City Southern?

The merger created the first single-line transnational railway linking Canada, the United States, and Mexico, greatly expanding CPKC's network and service capabilities.

What community initiatives is CPKC involved in?

CPKC is committed to community investment programs, including a $1.5 million pledge to the American Heart Association for heart research over the next three years.

How does CPKC manage its financial operations?

CPKC efficiently manages its financial operations through strategies like issuing commercial paper programs backed by significant revolving credit facilities and handling acquisition-related costs effectively.

What are CPKC's future growth prospects?

CPKC is optimistic about leveraging unique synergy opportunities and improving macroeconomic conditions to sustain growth and deliver long-term value to customers and shareholders.

Where can I find more detailed financial information about CPKC?

Detailed financial information about CPKC can be found on their investor relations website at investor.cpkcr.com.

Canadian Pacific Kansas City Limited

NYSE:CP

CP Rankings

CP Stock Data

75.78B
932.71M
0.03%
76.61%
0.89%
Line-Haul Railroads
Transportation and Warehousing
Link
United States of America
CALGARY ALBERTA