Canadian Pacific Kansas City Limited Stock Price, News & Analysis

Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) announced a quarterly dividend of $0.19 per share on April 26, 2022. The dividend will be payable on July 25, 2022 to shareholders on record as of June 24, 2022. This dividend qualifies as an "eligible" dividend under the Canadian Income Tax Act. Canadian Pacific operates a transcontinental railway connecting major ports in Canada and the U.S., providing competitive rail service and logistics solutions to customers across North America.

Canadian Pacific (NYSE: CP) and Hapag-Lloyd AG have announced a new seasonal call into Port Saint John, enhancing their shipping services for North American markets. This additional service follows the inaugural call in May 2021, with CP rail connections to inland markets. The port is undergoing modernization to increase capacity to 800,000 TEUs. The strategic link between CP's rail network and Port Saint John is projected to create significant logistical advantages, facilitating faster connections to key cities like Montreal and Chicago.

Canadian Pacific (TSX: CP) will announce its first-quarter 2022 financial and operational results after the market close on April 27, 2022. A conference call to discuss these results will take place at 4:30 p.m. ET on the same day. Interested participants can access the call via phone or webcast, with options available for international listeners. The replay of the conference call will be accessible until May 4, 2022. Canadian Pacific is a transcontinental railway offering competitive rail service across North America.

Canadian Pacific Railway Limited (TSX: CP) has filed its notice of meeting and management proxy circular for the 2022 annual and special meeting of shareholders. Scheduled for April 27, 2022, at 9 a.m. MT, the meeting will be held virtually. Shareholders can vote by proxy in advance or participate online during the meeting. Detailed participation instructions and a Virtual AGM User Guide are available on investor.cpr.ca. This enables shareholders to vote and submit questions remotely, ensuring continued engagement despite the lack of in-person attendance.

Canadian Pacific Railway Limited (TSX: CP) has reached an agreement with the Teamsters Canada Rail Conference (TCRC) to enter into binding arbitration, effectively ending a work stoppage. President and CEO Keith Creel expressed satisfaction with the resolution, enabling the company to resume essential services for customers and the North American supply chain starting at noon local time on Tuesday. The TCRC represents approximately 3,000 workers, including locomotive engineers and conductors. CP plans to swiftly restore normal train operations across Canada.

On March 20, 2022, Canadian Pacific Railway reported that the Teamsters Canada Rail Conference (TCRC) unilaterally withdrew services despite ongoing negotiations facilitated by federal mediators. CP expressed disappointment at the TCRC's decision to halt operations before a strike deadline, asserting that it was not a lockout initiated by the company. CP is now implementing a structured shutdown of train operations across Canada and emphasizes that this move disrupts the Canadian supply chain. The TCRC represents approximately 3,000 workers.

On March 16, 2022, Canadian Pacific Railway Limited (CP) issued a 72-hour notice of potential lock-out for Teamsters Canada Rail Conference (TCRC)-Train & Engine employees, set for March 20, 2022, if no agreement is reached. CP has been negotiating since September but claims the TCRC's demands, including work rule changes and pension alterations, are increasingly onerous. CP's offer aimed to resolve 26 key issues, including wages and pensions, was rejected. The company's goal is to ensure operational continuity amidst potential labor disruption affecting Canada's supply chain.

Canadian Pacific Railway Limited (TSX: CP) announced its commitment to clarify train traffic data related to the Surface Transportation Board's (STB) regulatory review of the CP-KCS combination. CP will provide a comprehensive explanation by March 21, 2022, to address inconsistencies in previously submitted data. The company welcomes a thorough review process and looks forward to the resumption of the procedural schedule following the STB's assessment of the new information. This development is crucial for CP's operational integration with Kansas City Southern.

On March 9, 2022, Canadian Pacific (TSX: CP) announced a $500,000 donation to the Canadian Red Cross to aid humanitarian efforts for Ukraine and Ukrainian refugees amidst the ongoing crisis. President and CEO Keith Creel expressed hope that this support would help those affected. Additionally, CP will match employee donations to the Red Cross for the next 30 days and continues to encourage contributions to various aid agencies. Creel also called on other companies in Canada and the U.S. to participate in relief efforts.