Canadian Pacific Kansas City Limited Stock Price, News & Analysis

On September 15, 2020, Canadian Pacific Railway Limited (TSX: CP) announced a partnership with Maersk to develop a new transload and distribution facility in Vancouver. This facility aims to enhance supply chain options by leveraging rail over truck transport, fitting in with Maersk's container logistics strategy and CP’s sustainability goals. The facility is part of an expansion of CP's existing Vancouver Intermodal Facility and is expected to be operational in 2021. This collaboration aims to improve agility in supply chains amidst rising e-commerce demands and aims for environmentally friendly operations.

Canadian Pacific officially opened a new multi-commodity transload facility in Montréal on September 14, 2020. This facility, featuring 118,000 square feet of customizable space, aims to enhance service efficiency by providing intermodal transportation and distribution. Located near major transport links, it allows for faster and more flexible logistics solutions. CP's partnership with TYT Group will further bolster its capacity to serve new markets, with an additional 50 acres earmarked for future expansion. The company anticipates improved supply chain efficiencies as a result.

Canadian Pacific (TSX: CP) executives will participate in two virtual conferences in September 2020. John Brooks, Executive Vice-President and Chief Marketing Officer, is scheduled to speak at the Morgan Stanley 8th Annual Laguna Conference on September 15 at 8:15 a.m. ET. Nadeem Velani, Executive Vice-President and Chief Financial Officer, will present at the J.P. Morgan U.S. All Stars Conference on September 17 at 9 a.m. ET. Both events will be accessible through live audio webcasts, with replays available post-event.

On September 10, 2020, Canadian Pacific (TSX: CP) awarded 45 shippers with its annual Safe Shipper Award for exemplary safety in transporting hazardous materials by rail in 2019. These companies transported over 500 carloads of hazardous materials without any Non-Accidental Release (NAR) incidents. Coby Bullard, Vice-President of Sales and Marketing, emphasized the importance of safety in operations and recognized the critical role customers play in maintaining a safe transportation environment. For more details, visit cpr.ca.

Canadian Pacific (TSX: CP) executives will participate in two significant virtual conferences in September 2020. John Brooks, Executive Vice-President and Chief Marketing Officer, will address the Morgan Stanley 8th Annual Laguna Conference on September 15, 2020, at 11:15 a.m. ET. Nadeem Velani, Executive Vice-President and Chief Financial Officer, will speak at the J.P. Morgan U.S. All Stars Conference on September 17, 2020, at 9 a.m. ET. Both events will offer live webcasts and replays accessible via the company’s investor relations website.

On August 11, 2020, Canadian Pacific (CP) launched its international intermodal service through the Port of Saint John, marking its return to a deep-water Atlantic Ocean port after 25 years. The inaugural train transported containers from the Hapag-Lloyd vessel Detroit Express to various CP terminals across Canada and the U.S. CP plans to invest $90 million over three years to enhance the Central Maine & Quebec Railway and facilitate the port's $205 million modernization project. By year-end, CP anticipates offering 24-hour service between Saint John and Montreal.

Canadian Pacific (TSX: CP) is set to enhance economic growth in New Brunswick following its acquisition of Central Maine & Quebec Railway. This strategic move facilitates superior connectivity from Atlantic Canada to major North American markets like Montreal, Toronto, and Chicago. CP aims to develop the Port of Saint John, which is pivotal for handling diverse cargo types. This collaboration promises to drive significant investments and modernization efforts at the port, valued at $205 million, bolstering the region's competitive edge in transportation.