Canadian Pacific Kansas City Limited - CP STOCK NEWS

Canadian Pacific Railway Limited (TSX: CP) announced a new two-year collective agreement with the Teamsters Canada Rail Conference on August 15, 2022. The agreement, resulting from binding arbitration, includes a 3.5% wage increase for 2022 and 2023 and enhanced benefits, along with TCRC joining the CP Pension Improvement Account. President and CEO Keith Creel expressed satisfaction with the resolution, emphasizing the importance of agreements that support railroaders and company growth. The TCRC represents around 3,000 workers across Canada.

Canadian Pacific Railway Limited (CP) announced the establishment of automatic securities disposition plans (ASDPs) by CEO Keith Creel, enabling the sale of up to 1,461,490 common shares, which is about 0.16% of CP's outstanding shares. These sales are scheduled to begin on or after November 10, 2022, as part of a plan compliant with U.S. and Canadian securities laws. Mr. Creel retains over 60% of his equity in CP and adheres to minimum share ownership requirements. The ASDPs are designed for an orderly sale without influencing market conditions.

Kansas City Southern, Canadian Pacific, and GATX have launched the Save the Monarch Butterfly 60,000 Tree Challenge to raise $100,000. The funds will plant 60,000 oyamel trees at El Rosario Monarch Butterfly Sanctuary in Mexico to combat declining monarch populations. The challenge follows the International Union for Conservation of Nature's recent endangered listing for the migratory monarch. The initiative includes a boxcar tour across North America to raise awareness and funds.

Canadian Pacific Railway Limited reported its second-quarter 2022 results with revenues of $2.20 billion, a 7% increase from last year. The reported operating ratio (OR) was 60.6%, up from 60.1% a year prior, while adjusted OR rose to 59.7% from 55.3%. Reported diluted earnings per share (EPS) decreased by 56% to $0.82, and core adjusted diluted EPS was $0.95, reflecting an 8% decline. CEO Keith Creel expressed confidence in future growth driven by strong demand and upcoming opportunities linked to their merger with Kansas City Southern, pending regulatory approval.

Canadian Pacific Railway Limited (CP) announced its support for Kansas City Southern (KCS) and KCSM's extension of exclusivity rights for an additional 10 years, now expiring in 2037. This agreement, finalized with the Mexican Ministry of Infrastructure, involves funding for the Celaya-NBA Line Railway Bypass. CP's acquisition of KCS was completed on December 14, 2021, with operations placed in a voting trust pending a regulatory review. The extension aims to enhance CP's market position in North America.

Canadian Pacific (TSX: CP, NYSE: CP) has become the first freight rail company in North America to join the UN Global Compact, a significant milestone highlighting its commitment to sustainable practices. This initiative involves aligning operations with ten principles on human rights, labor, environment, and anti-corruption, furthering its role as a sustainability leader in the rail sector. Recently, CP was awarded the 2022 World Finance Sustainability Award for Most Sustainable Company in Transportation, recognizing its ongoing efforts in sustainability.

Canadian Pacific (TSX: CP) will announce its second-quarter 2022 financial results on July 28, 2022, at 8 a.m. ET. A conference call for investors will follow at 8:30 a.m. ET to discuss the results. Interested participants in Canada and the U.S. can call 866-831-8713, while international callers can reach 203-518-9822, using conference ID CPQ222. Additionally, a replay of the first-quarter conference call will be available until August 4, 2022. For more information, visit investor.cpr.ca.

Canadian Pacific (TSX: CP) (NYSE: CP) has secured a multi-year agreement with CMA CGM Group to serve as its primary rail provider in Canada. This partnership will facilitate freight movement from the ports of Vancouver, Montreal, and Saint John to key Canadian and U.S. Midwest markets. CP aims to enhance operational efficiency and sustainability through this collaboration. The agreement also aligns with CP's planned merger with Kansas City Southern, which is pending regulatory approval, potentially expanding market reach and efficiency.

Canadian Pacific (TSX: CP) will be represented by Executive Vice-President and Chief Marketing Officer John Brooks at the UBS Global Industrials and Transportation Conference on June 7, 2022, at 10:30 a.m. ET. The event will feature a live audio webcast accessible at investor.cpr.ca, with replays available afterward. Canadian Pacific operates a transcontinental railway across Canada and the U.S., providing rail services to key markets globally, emphasizing customer growth and efficiency in freight transportation.