Canadian Pacific Kansas City Limited Stock Price, News & Analysis

CPKC (TSX: CP, NYSE: CP) and Lanco Group/Mi-Jack have sold the Panama Canal Railway Company (PCRC) to APM Terminals, a division of A.P. Moller - Maersk. PCRC, which generated US$77 million in revenue and US$36 million in EBITDA in 2024, has been operating as a 50/50 joint venture since 1998.

The railway operates a strategic 47-mile track along the Panama Canal, providing ocean-to-ocean freight and passenger services. This divestment aligns with CPKC's strategy to focus on its core North American rail operations spanning Canada, the United States, and Mexico.

APM Terminals, which operates 60 locations across 33 countries, views PCRC as an attractive infrastructure investment that complements their intermodal container movement services. The acquisition is expected to enhance their service offerings to global shipping customers.

Canadian Pacific Kansas City (CP) has announced the filing of its notice of meeting and management proxy circular for its 2025 annual and special meeting of shareholders with Canadian and U.S. securities regulators. The meeting will be held virtually on April 30, 2025, at 9 a.m. MT.

While in-person attendance won't be possible, the virtual format enables broader shareholder participation, including voting rights and question submission. Shareholders can vote either by proxy before the meeting or online during the event. Detailed participation instructions and a Virtual AGM User Guide are available on the company's investor website, and will be sent directly to shareholders.

Canadian Pacific Kansas City (CP) announced that the United Steelworkers (USW), representing about 600 clerical and intermodal employees in Canada, has ratified a new four-year collective agreement. This marks the third collective agreement ratified by CPKC employees in Canada this year.

The agreement provides long-term labor stability, increased wages, and improved benefits. Earlier in February, two other agreements were ratified: one with Teamsters Canada Rail Conference Maintenance of Way Employees Division (representing approximately 2,300 engineering services employees) and another with Unifor (representing about 1,200 mechanical employees).

Canadian Pacific Kansas City (CP) has announced that its subsidiary, Canadian Pacific Railway Company, is issuing a US$1.2 billion debt offering, split between US$600 million of 4.800% Notes due 2030 and US$600 million of 5.200% Notes due 2035. The offering, expected to close on March 17, 2025, will be guaranteed by CPKC.

The net proceeds will be primarily used for refinancing existing debt and general corporate purposes. Until utilized, the funds may be invested in short-term investment grade securities or bank deposits. The offering is being managed by a syndicate led by Wells Fargo Securities, BofA Securities, Goldman Sachs, and Morgan Stanley as joint active bookrunners.

Canadian Pacific Kansas City (CP) has announced its Grain Elevator of the Year awards for 2023-2024, recognizing Cargill Elva in Canada and Elbow Lake Co-op Grain in the United States for their exceptional performance in grain handling operations.

Cargill Elva, located in Melita, Manitoba, is a first-time winner, having moved over 450,000 metric tonnes of grain with efficient and safe loading operations. Elbow Lake Co-op Grain in Minnesota secured the award for the third consecutive year, achieving the highest tonnage across the U.S. north network with more than 543,000 metric tonnes, showing an increase from the previous year. The facility has also expanded its operations by shipping multiple corn trains to Mexico through CPKC's network.

Canadian Pacific Kansas City (CP) has announced the completion of its 2024 annual report filing on Form 10-K with the U.S. Securities and Exchange Commission and Canadian securities regulators. The filing includes annual audited financial statements and management's discussion and analysis.

The company has made the report accessible to investors through their investor relations website. Shareholders can request printed copies of the complete 2024 audited financial statements at no cost via email or regular mail.

Canadian Pacific Kansas City (CP) has announced a new share repurchase program approved by the Toronto Stock Exchange. The company plans to buy back up to 37,348,539 common shares, representing approximately 4% of its issued and outstanding shares as of February 18, 2025.

The Normal Course Issuer Bid (NCIB) will run from March 3, 2025, to March 2, 2026. Purchases will be made through the TSX, NYSE, and alternative trading systems. CEO Keith Creel highlighted that this program follows the successful strengthening of the company's balance sheet after the CP-KCS merger, citing strong free cash flow generation and growth opportunities as key factors enabling the buyback.

The company will limit daily purchases to 351,655 shares on TSX and 25% of average daily trading volume on NYSE. All acquired shares will be immediately cancelled. CPKC plans to implement an automatic purchase plan to allow share purchases during internal quarterly blackout periods.

Canadian Pacific Kansas City (CP) has announced that President and CEO Keith Creel will be presenting at the 2025 J.P. Morgan Industrials Conference. The presentation is scheduled for March 13, 2025, at 8:15 a.m. ET. The company will provide a live audio webcast of the presentation through their investor relations website at investor.cpkcr.com, with a replay option available after the event.

Canadian Pacific Kansas City (CP) announced that Unifor, representing approximately 1,200 mechanical employees across Canada, has ratified a new four-year collective agreement. The agreement provides improved wages and benefits for mechanics, labourers, diesel service attendants, and mechanical support staff.

CPKC CEO Keith Creel highlighted that the agreement, which received strong support among mechanical employees, ensures long-term labor stability while maintaining safe and efficient customer service. This marks the second collective agreement ratification in 2025 for CPKC, following an earlier agreement with Teamsters Canada Rail Conference Maintenance of Way Employees Division, which represents about 2,300 engineering services employees.