CP Stock Recent News

Shareholder-friendly initiatives bode well for the Zacks Transportation-Railroad industry. CP, CSX and NSC are well-poised to capitalize on the bullishness.

Canadian Pacific Kansas City (CP) reported earnings 30 days ago. What's next for the stock?

Canadian Pacific KC is riding on its robust operational efficiency and cost-cutting efforts. However, high fuel expenses and weak liquidity are a concern.

CALGARY, AB , Aug. 28, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) President and Chief Executive Officer Keith Creel will address the Morgan Stanley 12th Annual Laguna Conference on Sept. 11, 2024, at 10:35 a.m.

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.

Market complacency can be dangerous, especially with inflation expectations low. Unforeseen events could disrupt the "everything is fine" narrative. Consumer weakness and labor market concerns are rising, signaling potential economic risks. Defensive stocks are already outperforming discretionary ones. Despite risks, high-quality companies are focused on shareholder value. Strategic buy-and-hold investments can withstand market volatility and deliver growth.

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.