CP Stock Recent News

CALGARY, AB , Aug. 24, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today said it will restart railway operations in Canada by 00:01 ET on Monday, Aug. 26, following the Canada Industrial Relations Board (CIRB) order requiring CPKC to resume operations and Teamsters Canada Rail Conference (TCRC) employees to resume their duties. CPKC will fully comply with the CIRB order.

The Teamsters union said on Thursday that Canada's two largest rail companies had locked out their Canadian workers, an unprecedented rail stoppage that could badly damage the economy.

The Teamsters Union in Canada on Sunday said it has been served a 72-hours notice to withdraw its services for Canadian Pacific Kansas City.

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CALGARY, AB , Aug. 9, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today said it will issue notice to the Teamsters Canada Rail Conference (TCRC) – Train and Engine (T&E) division and TCRC - Rail Traffic Controller (RCTC) division of its plan to lock out employees at 00:01 ET on Aug. 22 if union leadership and the company are unable to come to a negotiated settlement or agree to binding interest arbitration. CPKC is committed to continuing good faith negotiation throughout.

Canadian Pacific Kansas City Limited is well-positioned for growth with revenue synergies from the CP-KCS merger and strong Canadian grain harvest. Q2 2024 revenue growth driven by volume increases in bulk, merchandise, and intermodal businesses, validating growth prospects. Margins may face temporary pressure in Q3 due to higher expenses, but the medium to long-term outlook remains favorable, with benefits from volume leverage and synergies.

Freight revenues increase 14% year over year at Canadian Pacific KC (CP) in Q2.

Canadian Pacific Kansas City Limited has shown strong revenue growth and operating improvements in its recent quarterly earnings report. Canadian Pacific's business mix and operational efficiency have contributed to its success, with a focus on higher-margin bulk and merchandise freight. The company is generating significant shareholder value through investments in safety, capacity expansion, and reducing leverage to improve future dividend growth and buybacks.

Canadian Pacific Kansas City Limited (NYSE:CP ) Q2 2024 Earnings Conference Call July 30, 2024 4:30 PM ET Company Participants Chris de Bruyn - VP, Capital Markets and Treasurer Keith Creel - President and CEO John Brooks - EVP and CMO Nadeem Velani - EVP and CFO Conference Call Participants Chris Wetherbee - Wells Fargo Walter Spracklin - RBC Capital Markets Fadi Chamoun - BMO Capital Markets Steve Hansen - Raymond James Tom Wadewitz - UBS Scott Group - Wolfe Research Brandon Oglenski - Barclays Jon Chappell - Evercore ISI Ken Hoexter - Bank of America Brian Ossenbeck - JPMorgan Kevin Zhang - CIBC Stephanie Moore - Jefferies Cherilyn Radbourne - TD Cowen Konark Gupta - Scotia Capital Ravi Shanker - Morgan Stanley Ben Nolan - Stifel Benoit Poirier - Desjardins Capital Markets Operator Good afternoon, everyone. My name is Bow and I will be your conference operator today.

The headline numbers for Canadian Pacific Kansas City (CP) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.