Canadian Pacific Kansas City Limited Stock Price, News & Analysis

Canadian Pacific (CP) announced a partnership with Amtrak to support expansion of intercity passenger services in the Midwest and South. This collaboration aims to enhance routes, including increased frequency on the Hiawatha Service and new connections across states. The agreement aligns with CP's commitment to Amtrak, with no adverse impacts on passenger services expected from the CP-Kansas City Southern (KCS) combination. CP has consistently received high ratings from Amtrak, underscoring its reliability as a host railroad.

Canadian Pacific (CP) will release its fourth-quarter 2021 financial results after market close on January 27, 2022. A conference call for discussing the results will commence at 4:30 p.m. ET. Participants can join via phone or access the webcast on CP's investor website. A replay of the call will be available until February 3, 2022. CP is a transcontinental railway linking major ports in Canada and the U.S., offering competitive rail services and logistics solutions.

On December 28, 2021, Canadian Pacific (CP) announced a multi-year agreement with Canadian Tire Corporation (CTC) to continue transporting the retailer's goods across Canada. This partnership, marking nearly 100 years of collaboration, aims to enhance service reliability and reduce carbon emissions by utilizing CP's transport network. CP will serve Ashcroft Terminal directly, minimizing truck reliance. Both companies aim to align their sustainability goals, focusing on reducing greenhouse gas emissions through logistical efficiencies. The agreement allows CTC to explore further opportunities within CP's extensive network.

Canadian Pacific Railway Limited (TSX: CP) has announced a new seven-year agreement with Canpotex Limited, extending their partnership in potash transportation through 2028. This agreement, following a ten-year contract that ends in 2022, enhances CP's role as the primary rail service provider for Canpotex, facilitating efficient delivery of Canadian potash to global markets. Both companies emphasize safety and reliability in their operations. The collaboration is seen as beneficial for both parties, reinforcing CP's commitment to support Canpotex's growth.

Canadian Pacific (CP) reports that fundraising from the CP Women's Open has raised over $2.8 million for BC Children's Hospital and $557,000 for Kamloops Royal Inland Hospital. These funds will enhance pediatric cardiac care, including new ultrasound machines and research initiatives. Despite the pandemic hindering the event's execution for two consecutive years, CP acknowledges community support. Since its title sponsorship, CP has contributed over $16.85 million to children's heart health in Canada. The 2022 CP Women's Open is set for August 22-28, 2022, in Ottawa.

Kansas City Southern (KSU) has completed its acquisition by Canadian Pacific Railway Limited (CP), valued at approximately USD $31 billion. KSU shareholders will receive 2.884 CP shares and $90 in cash per KSU share, alongside $37.50 for preferred shares. Following the deal, a voting trust has been established, headed by former KCS CEO Dave Starling, ensuring KCS's operational independence until the U.S. Surface Transportation Board approves CP's control. This merger aims to enhance rail competition across North America and unlock future synergies over three years post-approval.

On December 14, 2021, Canadian Pacific Railway (CP) completed its acquisition of Kansas City Southern (KCS) for an enterprise value of approximately US$31 billion. KCS shareholders will receive 2.884 CP shares and US$90 in cash per share. CP has placed KCS shares into a voting trust pending regulatory approval from the U.S. Surface Transportation Board (STB), expected by Q4 2022. For 2021, CP anticipates high single-digit growth in adjusted diluted EPS, while full-year volumes are expected to remain flat. CP issued C$2.2 billion and US$6.7 billion in new debt for the transaction.

Calgary, AB - On Dec. 10, 2021, Canadian Pacific Railway Limited (TSX: CP) announced that shareholders of both CP and Kansas City Southern (KCS) voted in support of the proposed CP-KCS merger. This merger aims to establish the first U.S.-Mexico-Canada rail network. The transaction, valued at approximately $31 billion, includes 2.884 CP shares and $90 in cash for each KCS share held. The deal, which has received unanimous board support, is expected to close on Dec. 14, 2021. Shareholders also await approval from the U.S. Surface Transportation Board (STB), with anticipated completion by Q4 2022.

Kansas City Southern (KSU) announced that 99.6% of shareholders voted in favor of its merger with Canadian Pacific Railway (CP) during a virtual special meeting. The merger will finalize on December 14, 2021, with KSU shareholders receiving $90 in cash and 2.884 CP shares per KSU share. Preferred shareholders will receive $37.50 in cash. Post-merger, KSU will be placed in a voting trust pending regulatory approval from the Surface Transportation Board, anticipated in Q4 2022.