Canadian Pacific Kansas City Limited Stock Price, News & Analysis

Kansas City Southern (KCS) mourns the loss of former President and CEO David L. Starling, whose leadership greatly contributed to the company's growth and integration across the U.S.-Mexico network. Starling, a veteran of the transportation industry with over 40 years of experience, served KCS in various roles and was appointed as a voting trustee upon the completion of Canadian Pacific's acquisition of KCS on December 14, 2021. Following Starling's passing, Canadian Pacific will seek to appoint a new voting trustee as the U.S. Surface Transportation Board deliberates on their joint railroad control application. KCS extends condolences to Starling's family during this difficult time.

Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) announced the filing of its 2022 annual report on Form 10-K, which includes audited financial statements and management's analysis. This filing was made with the U.S. Securities and Exchange Commission and Canadian securities regulators on February 24, 2023. Shareholders can request a free printed copy of the complete audited financial statements via email or mail. The annual report is also accessible online for investors seeking detailed financial insights into the company's performance.

On February 16, 2023, Canadian Pacific Railway Limited (TSX: CP) announced the ratification of a new two-year collective agreement with Unifor, which covers approximately 1,200 mechanical employees in Canada. This agreement marks a significant achievement for CP, demonstrating its commitment to negotiate in good faith with its union partners. The successful negotiation adds to the three tentative collective agreements established in 2023, strengthening CP's labor relations. Moving forward, CP emphasizes the importance of maintaining collaborative relationships with its labor unions, which is crucial for operational efficiency.

Canadian Pacific (TSX: CP, NYSE: CP) announced that its President and CEO, Keith Creel, will speak at the Citi Global Industrial Tech and Mobility Conference on February 21, 2023, at 11:20 a.m. ET. The presentation will be accessible via a live audio webcast at investor.cpr.ca, with a replay available afterward. Canadian Pacific operates a transcontinental railway in Canada and the United States, linking major ports and offering diverse freight transportation services, logistics solutions, and supply chain expertise to customers.

On February 9, 2023, Canadian Pacific (CP) announced a tentative collective agreement with United Steelworkers (USW) Local 1976, covering approximately 550 employees in Canada. This agreement marks the third tentative deal CP has negotiated with its unions in 2023. President and CEO Keith Creel expressed gratitude for the collaboration during negotiations, highlighting the commitment of both parties. Details of the agreement will remain undisclosed until ratification. CP emphasizes that forward-looking statements included in the release may not guarantee future performance due to various risks and uncertainties.

Canadian Pacific (TSX: CP) (NYSE: CP) achieved a record 2.29 million metric tonnes (MMT) of Canadian grain and grain products transported in January 2023. This marks over 15 MMT shipped so far in the 2022-2023 crop year, surpassing the previous year’s totals by 45%. Despite challenges such as rain delays in Vancouver and winter conditions, CP has significantly improved its operational efficiency. CP has invested over $500 million in high-capacity hopper cars and advocates for better loading capabilities at west coast terminals to enhance export capacity. Stakeholders are encouraged to address these logistical concerns to support grain exportation.

Canadian Pacific Railway Limited (TSX: CP) reported fourth-quarter results on Jan. 31, 2023, revealing revenues of $2.46 billion, a 21% increase from Q4 2021. The operating ratio was 59.8%, with an adjusted operating ratio of 59.1%. Diluted earnings per share rose to $1.36 from $0.74 in the same quarter last year. For full-year 2022, total revenues reached $8.81 billion, a 10% increase, while free cash generated was $2.7 billion, up 52%. Despite a noted decrease in diluted EPS from $4.18 to $3.77, CP emphasized its focus on efficiency and customer service as it prepares for a proposed combination with Kansas City Southern.

The Board of Directors of Canadian Pacific Railway Limited (TSX: CP) announced a quarterly dividend of $0.19 per share on January 31, 2023. This dividend will be payable on April 24, 2023, for shareholders on record as of the close of business on March 31, 2023. This dividend is classified as an 'eligible' dividend under Canada's Income Tax Act. Canadian Pacific operates as a transcontinental railway in Canada and the United States, providing access to major ports and offering a variety of freight transportation and logistics services to its customers.

Canadian Pacific Railway Limited (TSX: CP) has reached a tentative collective agreement with Unifor for its mechanical employees in Canada, impacting approximately 1,200 workers responsible for rail car and locomotive maintenance. This agreement follows the expiration of the previous contract on December 31, 2022. Keith Creel, CP's President and CEO, expressed gratitude for the collaborative process with Unifor. Details of the agreement will not be disclosed until ratified. The release also highlights forward-looking statements regarding potential business and operational impacts, encouraging caution against undue reliance on such information.