Welcome to our dedicated page for Canadian Pacific Kansas City news (Ticker: CP), a resource for investors and traders seeking the latest updates and insights on Canadian Pacific Kansas City stock.
Canadian Pacific Kansas City Limited (CPKC), traded under the symbol CP on the NYSE and TSX, is a transnational freight railroad that regularly issues news on its operations, financial performance, labor relations and community initiatives. As a Class I railway with a single-line network linking Canada, the United States and México, its announcements reflect activity across approximately 20,000 route miles and multiple commodity and merchandise markets.
News from CPKC often covers quarterly and full-year financial and operating results, including revenues, earnings per share, operating ratios, volumes and safety statistics. These releases are typically accompanied by conference call and webcast details for the financial community, giving investors and analysts structured access to management’s commentary on the company’s performance and outlook.
Another recurring theme in CPKC’s news is labor relations. The company has reported numerous tentative and ratified five-year collective bargaining agreements with unions representing locomotive engineers, carmen, hostlers, laborers, clerks, maintenance workers, and mechanical and engineering supervisors across various U.S. properties. These updates outline wage provisions, work rules and the geographic scope of the agreements, and link them to CPKC’s ability to safely and efficiently serve customers and support economic activity.
CPKC’s news flow also includes recognition of grain elevators for safety and efficiency, reflecting its role in the agriculture supply chain, and statements on broader rail industry developments, such as regulatory merger applications involving other railroads. Community-focused stories, including the CPKC Holiday Train and the Tren Navideño, highlight fundraising and food collection efforts for local food banks in Canada, the United States and Mexico.
Investors, shippers and observers who follow CPKC news can expect a mix of financial disclosures, operational updates, labor agreements, industry commentary and community initiatives that together illustrate how the railway operates across North America.
Canadian Pacific Kansas City (CPKC) has announced a quarterly dividend of $0.19 per share on its outstanding Common Shares. The dividend will be paid on October 28, 2024, to shareholders of record as of September 27, 2024. This dividend is classified as an "eligible" dividend for Canadian tax purposes, which may have implications for shareholders under the Income Tax Act (Canada) and similar provincial/territorial legislation. CPKC, traded on both the Toronto Stock Exchange (TSX: CP) and the New York Stock Exchange (NYSE: CP), continues its practice of rewarding shareholders through regular dividend payments.
The CPKC Women's Open golf tournament in Calgary raised a record $4.3 million for heart health in Alberta. $3.8 million went to the Alberta Children's Hospital Foundation and $507,000 to the Red Deer Regional Health Foundation. Lauren Coughlin won her first LPGA Tour victory, finishing 13 under par and earning $390,000 from the $2.6 million purse.
CPKC's Has Heart campaign has raised over $22 million for children's heart health since 2014. Fundraising efforts included CPKC Birdies for Heart, matching donations during Heart Month, and contributions for birdies made on the 14th hole during the tournament. The funds will support early detection of heart defects in babies and enhance cardiac care in Alberta.
Canadian Pacific Kansas City (CPKC) is set to release its second-quarter 2024 financial and operating results after the market closes on July 30, 2024.
The company will host a conference call for the financial community at 4:30 p.m. ET (2:30 p.m. MT) on the same day to discuss the results.
Investors can access the webcast and presentation materials on CPKC's investor website. A replay of the call will be available until August 6, 2024, via phone for both domestic and international callers.
Canadian Pacific Kansas City (CPKC) provided an update on its collective bargaining with the Teamsters Canada Rail Conference (TCRC) on May 16, 2024. The negotiations are set to resume on May 17, 2024, with the assistance of federal mediators. The Federal Minister of Labour’s referral to the Canada Industrial Relations Board (CIRB) has added uncertainty regarding potential work stoppages. Submissions from CPKC and TCRC are due by May 21, 2024, with replies by May 31, 2024. A legal strike or lockout cannot occur until the CIRB makes a decision. CPKC proposed maintaining certain services during strikes or lockouts to avoid the CIRB process, which the TCRC declined. CPKC committed to providing regular updates.
Canadian Pacific Kansas City (CPKC) Executive Vice-President and Chief Marketing Officer John Brooks will speak at the 2024 Bank of America Transportation, Airlines and Industrials Conference on May 15, 2024. CPKC will offer a live audio webcast and replay for investors.
Canadian Pacific Kansas City (CPKC) President and Chief Executive Officer, Keith Creel, will address the 2024 RBC Capital Markets Canadian Industrials Conference on May 14, 2024. Investors can access the live audio webcast on investor.cpkcr.com.
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