Canadian Pacific Kansas City Limited Stock Price, News & Analysis

Canadian Pacific (CP) commends the Government of Canada and New Brunswick for their investment in Port Saint John, aimed at expanding its capacity to 800,000 TEUs, nearly tripling its current capability. This expansion is crucial following CP's return to Atlantic Canada through its acquisition of the Central Maine and Quebec Railway, which enhances freight routes to major markets. CP also highlights improvements to rail infrastructure in New Brunswick as vital for supply chain resilience, further solidifying its competitive presence in the region.

Canadian Pacific (TSX: CP) will have President and CEO Keith Creel address the Wolfe Research Global Transportation & Industrials Conference on May 25, 2022, at 12:30 p.m. ET. The event will be accessible via a live audio webcast, with replays available afterward. CP, a leading transcontinental railway in Canada and the U.S., provides customers access to key markets globally through its freight transportation services, logistics solutions, and supply chain expertise.

Canadian Pacific (TSX: CP) will have its Executive Vice-President and Chief Financial Officer, Nadeem Velani, speaking at two investor conferences in May 2022. The RBC Capital Markets Canadian Automotive, Industrials and Transportation Conference will take place on May 17 at 2:50 p.m. ET in Toronto. Following that, Velani will address the BofA Securities 29th Annual Transportation, Airlines and Industrials Conference on May 18 at 8:40 a.m. ET in Boston. Both events will have a live audio webcast available at investor.cpr.ca.

Canadian Pacific (TSX: CP) (NYSE: CP) announced it received an unsolicited mini-tender offer from TRC Capital Investment Corporation for up to 1.5 million shares at C$88.50 each, representing about 0.16% of its outstanding shares. CP advises shareholders to reject this offer, as it is priced 4.37% to 4.49% below market value as of May 2, 2022. CP also emphasizes that it has no ties to TRC Capital and highlights the SEC's warnings regarding below-market mini-tender offers, encouraging investors to consult the provided resources for further information.

Canadian Pacific Railway Limited (TSX: CP) reported a 6% decrease in revenues for Q1 2022, totaling $1.84 billion, down from $1.96 billion the previous year. The Operating Ratio rose to 70.9%, a significant increase of 1,070 basis points. Reported diluted EPS was $0.63, reflecting a 30% decline. Core adjusted diluted EPS stood at $0.67. The company aims to create a single-line rail network connecting Canada, the U.S., and Mexico, pending regulatory approval. CP remains optimistic about future opportunities despite the challenging operating environment.

Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) reported the successful passage of all shareholder resolutions at its 2022 annual meeting held on April 27, 2022. All nine nominated directors were elected, receiving at least 94.66% of votes cast. The advisory vote on executive compensation ('Say on Pay') achieved 92.52% approval, while the vote on CP's climate change strategy received 86.88% approval. Ernst & Young LLP was appointed as auditor with 99.56% approval. Detailed voting results are available on SEDAR and EDGAR.

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.