Canadian Pacific Kansas City Limited Stock Price, News & Analysis

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.

Canadian Pacific Railway Limited (TSX: CP) has launched its first dedicated international intermodal train service between Lázaro Cárdenas and Chicago to tackle supply chain challenges. The inaugural train, arriving in Chicago in just seven days, signals potential growth if the Surface Transportation Board approves the Canadian Pacific Kansas City merger. This new service aims to offer competitive advantages over congested ports and highway transport, enhancing logistics for inland shippers.

Canadian Pacific (CP) will have its Executive Vice-President and Chief Financial Officer, Nadeem Velani, speak at the J.P. Morgan Industrials Conference on March 15, 2022, at 8 a.m. ET. The conference will be accessible through a live audio webcast via investor.cpr.ca, with replays available after the event. Canadian Pacific operates a transcontinental railway providing freight transportation services and logistics solutions across North America, linking key markets globally.

On February 23, 2022, Canadian Pacific Railway Limited (TSX: CP) announced the completion of its 2021 Annual Report filing on Form 10-K with the U.S. Securities and Exchange Commission and Canadian securities regulators. This report includes the annual audited financial statements and management's discussion and analysis. Shareholders can access the full report at investor.cpr.ca. Printed copies of the audited financial statements are available upon request.