3 Railroad Stocks to Watch From the Prospering Industry
- Shareholder-friendly initiatives bode well for the Zacks Transportation-Railroad industry. UNP, CP and NSC are well-poised to capitalize on the bullishness.
- 06/03/2025
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CPKC receives arbitration decision establishing new TCRC collective agreements
- CALGARY, AB , May 30, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today said it has received an arbitrator's ruling establishing new collective bargaining agreements with the Teamsters Canada Rail Conference (TCRC) – Train and Engine (T&E) division and the TCRC - Rail Canada Traffic Controllers (RCTC) division. Arbitrator William Kaplan issued his ruling after the completion of multiple rounds of mediation and ultimately the conclusion of the interest arbitration process.
- 05/30/2025
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Why Is Canadian Pacific Kansas City (CP) Up 11.7% Since Last Earnings Report?
- Canadian Pacific Kansas City (CP) reported earnings 30 days ago. What's next for the stock?
- 05/30/2025
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Billionaire Investor Bill Ackman Just Sold This Railway Stock 'With Regret' So He Could Buy the Dip on a Mag Seven Stock At a "Uniquely Attractive Time"
- Billionaire investor Bill Ackman has become one of the modern-day must-watch investors. Ackman runs Pershing Square Capital Management, which manages a stock portfolio for Pershing Square Holdings.
- 05/28/2025
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CPKC executives to present at Wells Fargo Industrials & Materials Securities Conference
- CALGARY, AB , May 27, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) Executive Vice-President and Chief Financial Officer Nadeem Velani and Executive Vice-President and Chief Operating Officer Mark Redd will address the 2025 Wells Fargo Industrials & Materials Securities Conference on June 10, 2025, at 8:00 a.m. CT. CPKC will provide access to the live audio webcast at investor.cpkcr.com.
- 05/27/2025
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Ackman's hedge fund Pershing Square bets on Amazon, exits Canadian Pacific
- Billionaire investor Bill Ackman told clients on Thursday that his hedge fund bought Amazon shares last month, betting earnings will continue to grow at the online retailer as President Donald Trump's tariffs bite less than consumers initially feared.
- 05/22/2025
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Buried Under Fear: One Of The Best Opportunities I've Seen In Years
- I focus on anticipating market shifts, applying a big-picture, thematic approach to find alpha where others aren't looking. Despite market fragility and high valuations, I'm actively buying cyclical dividend growth stocks before broader sentiment turns positive. Early signs of economic improvement suggest cyclical sectors, especially industrials and transportation, offer exceptional long-term risk/reward.
- 05/19/2025
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Why Railroad Stocks Are Moving Higher Today
- Weekend progress toward resolving the trade spat between the United States and China has markets rallying, and railroad stocks are among the big winners.
- 05/12/2025
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CPKC President and CEO Keith Creel to address 2025 Wolfe Research Global Transportation & Industrials Conference
- CALGARY, AB , May 8, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) President and Chief Executive Officer Keith Creel will address the 2025 Wolfe Research Global Transportation & Industrials Conference on May 21, 2025, at 10:20 a.m. ET. CPKC will provide access to the live audio webcasts at investor.cpkcr.com.
- 05/08/2025
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Canadian Pacific Kansas City Q1 Earnings Match Estimates, Up Y/Y
- CP's first-quarter 2025 earnings and revenues improve year over year.
- 05/07/2025
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Attention Investors - This Is Now My #1 Place To Buy Dividends
- My portfolio is outperforming the market, but I remain cautious. The rally has masked risks, and valuations are far from attractive. Despite optimism, trade tensions, inflation fears, and weak capital spending signal that economic risks are rising, not fading. That's why I'm turning to transportation. It's overlooked, undervalued, and historically a key signal for lasting market recoveries.
- 05/05/2025
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Recession? Buy These 2 Dividend Growers While They Are Cheap
- Despite recession fears and shaky GDP, I'm not panicking. Strong earnings and resilient fundamentals still offer plenty of opportunities for long-term investors. In times of trade turmoil and rising uncertainty, I stick with reliable dividend growers, especially those that shine even when the headlines get ugly. In the second half, I highlight two of my favorite dividend stocks, both thriving despite economic noise, and delivering solid results and strong long-term potential.
- 05/03/2025
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Canadian Pacific: Current Tariff Situation Remains Unclear And May Change Rapidly
- Canadian Pacific Kansas City Limited's Q1 results showed strong top and bottom-line growth, with sales up 8% y/y and Non-GAAP EPS up 14% y/y. The company's operating ratio improved by 210bps, indicating higher efficiency, and its financial position remains solid with a debt-to-equity ratio of 0.46 and interest coverage of 6x. Tariff uncertainties pose risks, especially for automotive and steel sectors, but CPKC's cross-border services could benefit from shifts in supply chains within the USMCA region.
- 05/02/2025
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Canadian Pacific Kansas City Limited (CP) Q1 2025 Earnings Call Transcript
- Canadian Pacific Kansas City Limited (NYSE:CP ) Q1 2025 Earnings Conference Call April 30, 2025 4:30 PM ET Company Participants Chris de Bruyn - VP, Capital Markets Keith Creel - President and CEO Mark Redd - EVP and COO John Brooks - EVP and CMO Nadeem Velani - EVP and CFO Conference Call Participants Scott Group - Wolfe Research Walter Spracklin - RBC Capital Markets Chris Wetherbee - Wells Fargo Brian Ossenbeck - JPMorgan Fadi Chamoun - BMO Capital Markets Ravi Shanker - Morgan Stanley Tom Wadewitz - UBS Kevin Chiang - CIBC Stephanie Moore - Jefferies Jonathan Chappell - Evercore ISI Ken Hoexter - Bank America Steve Hansen - Raymond James Brandon Oglenski - Barclays Ari Rosa - Citigroup Benoit Poirier - Desjardin Securities Operator Please stand by, we are about to begin. Good afternoon, everyone.
- 04/30/2025
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Canadian Pacific Kansas City (CP) Reports Q1 Earnings: What Key Metrics Have to Say
- The headline numbers for Canadian Pacific Kansas City (CP) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 04/30/2025
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CPKC announces results of director elections
- CALGARY, AB , April 30, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today announced the results of the 2025 annual meeting held earlier today, including the election of all 12 nominees listed in the management proxy circular dated March 10, 2025, as directors of CPKC. All directors received at least 97 percent of votes cast.
- 04/30/2025
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Canadian Pacific Kansas City (CP) Meets Q1 Earnings Estimates
- Canadian Pacific Kansas City (CP) came out with quarterly earnings of $0.74 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.69 per share a year ago.
- 04/30/2025
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CPKC reports first quarter results; solid demand, precision execution and a resilient network powers strong start to 2025
- CALGARY, AB , April 30, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today announced its first-quarter results, including revenues of $3.8 billion, diluted earnings per share (EPS) of $0.97 and core adjusted diluted EPS1 of $1.06. "Our talented team of world-class railroaders executed our precision scheduled operating plan to safely and efficiently move solid freight demand to start 2025, producing strong first-quarter results amidst ongoing turbulent market and macroeconomic conditions," said Keith Creel, CPKC President and Chief Executive Officer.
- 04/30/2025
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CPKC Increases Dividend By 20 Percent
- CALGARY, AB , April 29, 2025 /PRNewswire/ - The Board of Directors of Canadian Pacific Kansas City Limited (TSX: CP) (NYSE: CP) (CPKC) today declared a quarterly dividend of $0.228 per share on the outstanding Common Shares, an increase of 20 percent to the previous dividend of $0.19 per share. "We are pleased to announce an increase to our dividend as part of our ongoing commitment to returning cash to our shareholders and having delivered on our commitments to repay debt following the transformational combination of Canadian Pacific and Kansas City Southern into CPKC," said Keith Creel, CPKC President and Chief Executive Officer.
- 04/29/2025
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What Analyst Projections for Key Metrics Reveal About Canadian Pacific Kansas City (CP) Q1 Earnings
- Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Canadian Pacific Kansas City (CP), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2025.
- 04/25/2025
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Room to Grow: CPKC designates nine Site Ready industrial development locations
- Site Ready Program supports efficient project development, expansions for rail-served businesses CALGARY, AB , April 24, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) said today it has certified its first nine specially-designated Site Ready rail-served locations across North America, all uniquely positioned for efficient industrial development as part of CPKC's successful Room to Grow strategy. "With Room to Grow on more than 6,000 acres of developable land in Canada, the United States and Mexico across our unrivalled network, we are uniquely positioned to support our customers in new industrial development solutions that drive economic growth across the continent," said John Brooks, CPKC Executive Vice President and Chief Marketing Officer.
- 04/24/2025
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CPKC EVP and CMO John Brooks to address the Bank of America Industrials, Transportation and Airlines Key Leaders Conference on May 14
- CALGARY, AB , April 24, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) Executive Vice-President and Chief Marketing Officer John Brooks will address the 2025 Bank of America Industrials, Transportation and Airlines Key Leaders Conference on May 14, 2025, at 8:45 a.m. ET. CPKC will provide access to the live audio webcast at investor.cpkcr.com.
- 04/24/2025
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CPKC EVP and CFO Nadeem Velani to address the RBC Capital Markets Canadian Industrials Conference on May 13
- CALGARY, AB , April 23, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) Executive Vice-President and Chief Financial Officer Nadeem Velani will address the 2025 RBC Capital Markets Canadian Industrials Conference on May 13, 2025, at 8:00 a.m. ET. CPKC will provide access to the live audio webcast at investor.cpkcr.com.
- 04/23/2025
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Canadian Pacific Kansas City (CP) Earnings Expected to Grow: Should You Buy?
- Canadian Pacific Kansas City (CP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/23/2025
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Canadian Pacific Kansas City (CP) Soars 9.0%: Is Further Upside Left in the Stock?
- Canadian Pacific Kansas City (CP) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 04/10/2025
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CPKC to report first-quarter 2025 earnings results on April 30
- CALGARY, AB , April 9, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) said today it will release its first-quarter 2025 financial and operating results after the markets close on April 30, 2025. CPKC will discuss its results with the financial community in a conference call beginning at 4:30 p.m.
- 04/09/2025
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Chaos Breeds Bargains! Here's What I'm Buying
- My portfolio took a major hit on April 3 and 4, with losses surpassing previous records. Yet, despite the pain, I remain optimistic. Market corrections are essential for long-term wealth building. Though short-term declines are difficult, I view them as opportunities to improve my risk/reward and income potential. I'm eyeing undervalued opportunities, especially cyclical stocks. The current market weakness, amplified by tariffs, offers great buying potential for stocks like Union Pacific and Prologis, and many others.
- 04/06/2025
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CPKC and Lanco Group/Mi-Jack sell Panama Canal Railway Company to APM Terminals
- CALGARY, AB , April 2, 2025 /PRNewswire/ - Canadian Pacific Kansas City Limited (TSX: CP) (NYSE: CP) (CPKC) today said CPKC and the Lanco Group/Mi-Jack have sold the Panama Canal Railway Company (PCRC) to APM Terminals, a global terminal operator and an independent division of A.P. Moller - Maersk.
- 04/02/2025
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CPKC announces filing of proxy circular
- CALGARY, AB , March 25, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) announced today that it has filed its notice of meeting and management proxy circular for CPKC's 2025 annual and special meeting of shareholders with Canadian and U.S. securities regulators. A copy of the proxy material is available at investor.cpkcr.com.
- 03/25/2025
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3 Bold Moves, 1 Game-Changer - My Portfolio Just Got A Massive Upgrade
- Amid market volatility, I've reduced my cash position to 9% by making strategic portfolio moves, focusing on long-term opportunities rather than short-term trading. I consolidated holdings in a key sector, doubling down on a top position, and added a new high-conviction pick with strong growth potential and secular tailwinds. These changes reflect my disciplined approach: investing opportunistically, prioritizing quality, and staying committed to a multi-decade investment horizon.
- 03/22/2025
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USW ratifies new collective bargaining agreement with CPKC
- CALGARY, AB , March 17, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today said that United Steelworkers (USW), representing approximately 600 clerical and intermodal employees in Canada, has ratified a new four-year collective agreement. "We are pleased to have received strong support for another collective agreement, the third in Canada reached this year at the bargaining table providing long-term labor stability, increased wages and improved benefits for thousands of CPKC employees across the country," said CPKC President and Chief Executive Officer Keith Creel.
- 03/17/2025
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Chaos? Bring It On: My Dividend Playbook For This Wild Market
- Volatility is back, and while it's normal, fear dominates. Investors are uneasy despite no official correction, as past gains spoiled expectations. Economic uncertainty, rising debt, and inflation risks fuel market anxiety. If Trump acts on lower rates, short-term pain may be inevitable. I'm seizing opportunities, focusing on value and cyclical dividend growth. Buying dips has historically paid off, and I'm betting big on key stocks.
- 03/17/2025
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CPKC announces US $1.2 billion debt offering
- CALGARY, AB , March 12, 2025 /PRNewswire/ - Canadian Pacific Kansas City Limited (TSX: CP) (NYSE: CP) ("CPKC") announced that its wholly-owned subsidiary, Canadian Pacific Railway Company, is issuing US$600 million of 4.800% Notes due 2030 and US$600 million of 5.200% Notes due 2035, which will be guaranteed by CPKC. The offering is expected to close on March 17, 2025, subject to the satisfaction of customary closing conditions.
- 03/12/2025
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3 Railroad Stocks to Watch From a Challenging Industry
- Shareholder-friendly initiatives bode well for the Zacks Transportation-Railroad industry. UNP, CP and NSC are well-poised to capitalize on the bullishness.
- 03/07/2025
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Buying A Dollar For 60 Cents: 2 Dividend Stocks With Potential Upside
- The market's volatility, driven by geopolitical tensions and tariffs, has created a challenging environment. The sentiment is bearish, but I see opportunities in undervalued, high-quality companies with strong fundamentals. I focus on businesses with resilient models, growth potential, and attractive valuations. Despite headline risks, I believe in their ability to navigate uncertainty and deliver long-term returns. While risks like prolonged trade tensions or economic slowdowns exist, I remain confident in my picks, as they are well-positioned to thrive regardless of short-term market turbulence.
- 03/07/2025
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CPKC names Cargill Elva, Elbow Lake Co-op grain elevators of the year
- CALGARY, AB , Mar. 3, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) said today it has named Cargill Elva in Canada and Elbow Lake Co-op Grain in the United States grain elevators of the year for the 2023-2024 crop year. Each crop year, CPKC presents its Elevator of the Year award to one grain customer in Canada and one in the United States in recognition of facilities that move high volumes from a single loading point while consistently demonstrating efficient railcar loading and a strong commitment to safety.
- 03/03/2025
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CPKC announces filing of 2024 annual report on Form 10-K
- CALGARY, AB , Feb. 27, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) said today that it has completed the filing of its 2024 annual report on Form 10-K, including the annual audited financial statements and management's discussion and analysis, with the U.S. Securities and Exchange Commission and Canadian securities regulators. A copy of CPKC's 2024 Annual Report is available at https://investor.cpkcr.com/ Shareholders may request a printed copy of the complete 2024 audited financial statements, free of charge, by email to shareholder@cpkcr.com or by regular mail to Shareholder Services, Canadian Pacific Kansas City, 7550 Ogden Dale Road S.E.
- 02/27/2025
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CPKC announces TSX acceptance of new share repurchase program
- CALGARY, AB , Feb. 27, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) ("CPKC") announced today that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to implement a normal course issuer bid ("NCIB") to purchase, for cancellation, up to 37,348,539 common shares in the capital of CPKC or approximately four percent of CPKC's common shares issued and outstanding as at February 18, 2025. The NCIB is expected to commence on March 3, 2025 and is due to terminate on March 2, 2026.
- 02/27/2025
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CPKC President and CEO Keith Creel to address the 2025 J.P. Morgan Industrials Conference March 13
- CALGARY, AB , Feb. 26, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) President and Chief Executive Officer Keith Creel will address the 2025 J.P. Morgan Industrials Conference on March 13, 2025, at 8:15 a.m.
- 02/26/2025
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Here's Why Investors Should Retain Canadian Pacific Stock Now
- Strong operating efficiency and customer-friendly initiatives are boosting CP's prospects. However, the company is struggling with economic uncertainties.
- 02/25/2025
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CPKC mechanical employees ratify new collective bargaining agreement
- CALGARY, AB , Feb. 24, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today said that Unifor, representing mechanical employees in Canada, has ratified a new four-year collective agreement. "By working collaboratively together with Unifor, we have completed another collective agreement reached at the bargaining table that benefits our employees with improved wages and benefits for years to come," said Keith Creel, CPKC President and Chief Executive Officer.
- 02/24/2025
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The Stocks And ETFs Driving Trump's Tariff Target Markets
- Trump's tariffs cause short-term volatility, but long-term market impact is minimal; earnings remain the key focus for investors. The three countries in questions are Canada, China, and Mexico. This blog dives into several major companies domiciled in one of those three countries. In the long-term scheme of things the fundamentals of the companies behind these ADRs and stocks are likely to be more deterministic than any geopolitical factors.
- 02/21/2025
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CPKC publishes update on low carbon transition
- CALGARY, AB , Feb. 20, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today published its 2025 Climate Mileposts report highlighting the actions being taken by CPKC to enhance sustainability. "Shipping by rail is the most fuel-efficient way to move goods over land and our Climate Mileposts report outlines the steps we are taking to further advance the potential for future decarbonization of the CPKC locomotive fleet," said Keith Creel, CPKC President and Chief Executive Officer.
- 02/20/2025
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CPKC's EVP and Chief Financial Officer Nadeem Velani; SVP, Accounting, Planning and Procurement Ian Gray to address Raymond James conference March 3
- CALGARY, AB , Feb. 18, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) Executive Vice-President and Chief Financial Officer Nadeem Velani and Senior Vice-President, Accounting, Planning and Procurement Ian Gray will address the 46th Annual Raymond James Institutional Investors Conference on March 3, 2025, at 8:05 a.m. ET. CPKC will provide access to the live audio webcast at investor.cpkcr.com.
- 02/18/2025
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TCRC-MWED ratifies new collective bargaining agreement with CPKC
- CALGARY, AB , Feb. 14, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today said that Teamsters Canada Rail Conference Maintenance of Way Employees Division (TCRC-MWED) representing engineering service employees in Canada has ratified a new four-year collective agreement. "Working collaboratively with the Teamsters Canada Rail Conference Maintenance of Way Employees Division, we have completed a new agreement that provides improved wages and benefits to our employees," said Keith Creel, CPKC President and Chief Executive Officer.
- 02/14/2025
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All-In: The 23-Stock Six-Figure Dividend Portfolio I'm Betting My Future On
- Thank you to the Seeking Alpha community for your support! Reaching 40,000 followers is a dream come true. Your feedback fuels my work. I've invested 91% of my net worth in 23 high-conviction dividend stocks. Focused on wide-moat businesses, I prioritize quality and long-term growth over yield. My portfolio has outperformed the S&P 500, and I'm confident in its future. I expect a rotation to value stocks, and I'll keep sharing insights to grow together.
- 02/14/2025
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Canadian Pacific Kansas City: Unlocking Value Through Unique Position And Deleveraging
- Canadian Pacific Kansas City is a strong investment due to its monopoly position and unique value proposition connecting Canada, the U.S., and Mexico. The U.S. railroad industry's economic moat and the company's high leverage, coupled with stable cash flows, enhance its long-term investment appeal. The company's ability to generate stable cash flows is expected to drive debt reduction, making it an attractive equity investment.
- 02/11/2025
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Canadian Pacific Kansas City Rail Tariff Fears Are Overblown
- Canadian Pacific Kansas City faces near-term tariff risks, but its unique North American rail network offers long-term growth potential amid geopolitical shifts and nearshoring trends. Despite recent tariff threats, CP's Q4 2024 earnings showed revenue growth, improved EPS, and a stable operating ratio. Management sees over $5 billion in new revenue opportunities, driven by GDP growth, price increases, and high switching costs in the rail industry.
- 02/08/2025
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The Next Big Opportunity: My Favorite Dividend Stocks For The Shift Ahead
- I believe we're at a turning point for cyclical stocks, with improving indicators and global growth signaling potential outperformance in industrials, energy, and transportation. I'm positioning my portfolio for this shift, adding to railroads, machinery, and energy stocks. I'm confident these sectors will see strong returns and accelerating dividend growth. Of course, risks remain - geopolitical tensions, inflation, or economic slowdowns could derail this trend. But for now, the risk/reward looks favorable.
- 02/07/2025
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CPKC dedicates Patrick J. Ottensmeyer International Railway Bridge
- CALGARY, AB , Feb. 6, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today officially opened the Patrick J. Ottensmeyer International Railway Bridge with a ceremonial ribbon cutting held over the Rio Grande.
- 02/06/2025
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CPKC President and CEO Keith Creel to address investor conferences in February
- CALGARY, AB , Feb. 5, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) President and Chief Executive Officer Keith Creel will address the 2025 Citi Global Industrial Tech and Mobility Conference on Feb. 18, 2025, at 2:40 p.m. ET and the 2025 Barclays Industrial Select Conference on Feb. 19, 2025, at 9:50 a.m.
- 02/05/2025
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CPKC reaches tentative collective agreement with United Steelworkers
- CALGARY, AB , Feb. 5, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today said it has reached a tentative four-year collective agreement with United Steelworkers (USW) representing clerical and intermodal employees in Canada. "We are very pleased to have reached another collective agreement at the bargaining table, our third tentative agreement this year in Canada," said Keith Creel, CPKC President and Chief Executive Officer.
- 02/05/2025
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3 Dividend Mistakes That Could Cost You A Fortune
- The decline in the U.S. dollar's purchasing power is a major reason I invest in dividend growth stocks. Holding cash feels safe, but over time, it loses value. My biggest investment mistakes taught me valuable lessons. Understanding what I own, macro trends, and the power of dividend growth have shaped my strategy. Dividend investing isn't just about high yields — it's about compounding growth. A strong portfolio balances income, long-term gains, and economic trends.
- 02/04/2025
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FDX, Norfolk Southern, CSX Canadian Pacific downgraded on tariff woes
- Higher prices will reduce demand for goods and cool the economy, which in turn impacts the transportation sector.
- 02/03/2025
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Buy Low, Win Big: 2 Dividend Stocks I'm Buying Hand Over Fist
- American exceptionalism in the stock market is evident, with the S&P 500 outperforming global stocks since 1988, especially post-Great Financial Crisis. Goldman Sachs' ISG supports overweighting US stocks due to economic and structural advantages, despite predicting lower future returns. I focus on undervalued dividend growers in North America to outperform the market without significant risks.
- 02/01/2025
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Canadian Pacific Kansas City Limited (CP) Q4 2024 Earnings Conference Call Transcript
- Canadian Pacific Kansas City Limited (NYSE:CP ) Q4 2024 Earnings Conference Call January 29, 2025 4:30 PM ET Company Participants Chris de Bruyn - Vice President, Capital Markets Keith Creel - President and CEO Mark Redd - EVP and COO John Brooks - EVP and CMO Nadeem Velani - EVP and CFO Conference Call Participants Chris Wetherbee - Wells Fargo Fadi Chamoun - BMO Capital Markets Brian Ossenbeck - JPMorgan Steve Hansen - Raymond James Daniel Imbro - Stephens Inc Tom Wadewitz - UBS Walter Spracklin - RBC Capital Markets Scott Group - Wolfe Research Brandon Oglenski - Barclays Kevin Chiang - CIBC Ken Hoexter - Bank of America Ari Rosa - Citigroup Operator Good afternoon. My name is Margo and I'll be your conference operator today.
- 01/29/2025
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Canadian Pacific Kansas City (CP) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
- While the top- and bottom-line numbers for Canadian Pacific Kansas City (CP) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 01/29/2025
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Canadian Pacific Kansas City (CP) Tops Q4 Earnings and Revenue Estimates
- Canadian Pacific Kansas City (CP) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.87 per share a year ago.
- 01/29/2025
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CPKC delivers strong fourth-quarter results; positioned to accelerate growth in 2025
- CALGARY, AB , Jan. 29, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today announced its fourth-quarter results, including revenues of $3.9 billion, diluted earnings per share (EPS) of $1.28 and core adjusted combined diluted EPS1 of $1.29. Fourth-quarter 2024 results Revenues increased by three percent to $3.9 billion from $3.8 billion in Q4 2023 Reported operating ratio (OR) decreased by 210 basis points to 59.7 percent from 61.8 percent in Q4 2023 Core adjusted combined OR1 decreased by 160 basis points to 57.1 percent from 58.7 percent in Q4 2023 Reported diluted EPS increased to $1.28 from $1.10 in Q4 2023 Core adjusted combined diluted EPS1 increased nine percent to $1.29 from $1.18 in Q4 2023 Federal Railroad Administration (FRA)-reportable personal injury frequency decreased to 0.84 from 1.13 in Q4 20232 FRA-reportable train accident frequency decreased to 1.03 from 1.08 in Q4 2023 "Our team finished our first full year as a combined company strong, with volume growth, improved safety performance, and solid operational execution that allowed CPKC to deliver industry-leading earnings growth in 2024," said Keith Creel, CPKC President and Chief Executive Officer.
- 01/29/2025
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Canadian Pacific Kansas City Limited declares dividend
- CALGARY, AB , Jan. 29, 2025 /PRNewswire/ - The Board of Directors of Canadian Pacific Kansas City Limited (TSX: CP) (NYSE: CP) (CPKC) today declared a quarterly dividend of $0.19 per share on the outstanding Common Shares. The dividend is payable on April 28, 2025, to holders of record at the close of business on March 28, 2025, and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation.
- 01/29/2025
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CPKC reaches tentative collective agreement with TCRC-MWED
- CALGARY, AB , Jan. 28, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today said that it has reached a tentative four-year collective agreement with the Teamsters Canada Rail Conference Maintenance of Way Employees Division (TCRC-MWED) representing engineering service employees in Canada. "Working together with the TCRC-MWED, we are pleased to have reached an agreement that is good for our railroaders and their families across Canada," said Keith Creel, CPKC President and Chief Executive Officer.
- 01/28/2025
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CPKC reaches tentative collective agreement with Unifor
- CALGARY, AB , Jan. 27, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today said it has reached a tentative four-year collective agreement with Unifor representing approximately 1,200 employees at CPKC in Canada. "We are pleased to have reached a tentative collective agreement at the negotiating table with our mechanical employees in Canada," said Keith Creel, CPKC President and Chief Executive Officer.
- 01/27/2025
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Betting Against Trump? These 2 Dividend Stocks Could Win Big
- The Trump administration's policies have created uncertainty for some sectors, but I see long-term value in the overlooked opportunities they present. By focusing on neglected, high-potential investments, I identify stocks suffering from policy-driven sentiment but primed for future growth. Despite short-term market reactions, these stocks are poised for significant returns. Their resilience and unique positions make them attractive for investors with a long-term outlook.
- 01/25/2025
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Canadian Pacific Kansas City (CP) Reports Next Week: Wall Street Expects Earnings Growth
- Canadian Pacific Kansas City (CP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/22/2025
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CP's Q4 Earnings Coming Up: What's in the Offing for the Stock?
- Canadian Pacific's proactive cost-cutting initiatives are expected to have boosted operational efficiency in the to-be-reported quarter.
- 01/22/2025
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CPKC to report fourth-quarter and full-year 2024 results on Jan. 29, 2025
- CALGARY, AB , Jan. 8, 2025 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) will release its fourth-quarter and full-year 2024 financial and operating results after the market close on Jan. 29, 2025. CPKC will discuss its results with the financial community in a conference call beginning at 4:30 p.m.
- 01/08/2025
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Investing In 2025: Ignore Dividends At Your Own Peril
- Investing In 2025: Ignore Dividends At Your Own Peril
- 01/06/2025
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Here's what to expect in the year ahead for transports
- CNBC's Frank Holland reports on what to expect from the transportation sector in the new year.
- 12/31/2024
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Buying A Dollar For 60 Cents - 3 Dividend Stocks You'll Love
- The S&P 500 has seen impressive 26.5% YTD growth, but investors must be cautious of market momentum and rising asset flows into popular stocks. Despite strong market liquidity, I believe stock picking will be key in 2025 as value opportunities emerge beyond the current "Trump trade" winners. I'm bullish on sectors like real estate, energy, and industrials, and have picked three undervalued stocks in these areas, trading 40% below fair value.
- 12/27/2024
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Big Dividends Ahead: Where I'd Invest $10,000 In 2025
- I share my $10,000 dividend investment strategy for 2025, focusing on stocks with income potential and long-term growth prospects. These picks prioritize reliable dividends, strong fundamentals, and resilience, aiming to deliver consistent returns despite market conditions. With an eye on 2025 trends, I highlight why these investments stand out and how they can boost portfolios seeking income and growth.
- 12/25/2024
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Billionaire Bill Ackman Owns 10 Stocks -- and Two of Them Could Soar Over 20% in 2025, According to Wall Street
- The bigger the better? Bill Ackman doesn't think so, at least not when it comes to portfolio size.
- 12/23/2024
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CPKC completes construction of second span of international rail bridge linking Laredo, Texas and Nuevo Laredo, Tamaulipas
- Patrick J. Ottensmeyer International Railway Bridge more than doubles CPKC capacity at the border CALGARY, AB , Dec. 17, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) said today it has completed construction of the new international railway bridge span over the Rio Grande from Laredo, Texas, to Nuevo Laredo, Tamaulipas. "Completion of this internationally important project more than doubles our capacity to move freight through the border at the largest international trade port of entry in North America," said Keith Creel, CPKC President and Chief Executive Officer.
- 12/17/2024
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3 Railroad Stocks to Watch From the Challenging Industry
- Shareholder-friendly initiatives bode well for the Zacks Transportation-Railroad industry. CP, CNI and NSC are well-poised to capitalize on the bullishness.
- 12/16/2024
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Canadian Pacific: The Underdog Stock Destined To Dominate
- Canadian Pacific Kansas City's unique North American network positions it for long-term growth, despite recent underperformance and trade-related concerns. The Kansas City Southern merger offers significant synergies, particularly in high-margin markets like automotive and energy shipments. Short-term headwinds like tariff uncertainties are often overblown; history suggests North American trade fundamentals remain strong.
- 12/16/2024
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CPKC, Americold exploring co-development opportunities in Mexico
- CALGARY, AB , Dec. 12, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) and Americold Realty Trust, Inc. (NYSE: COLD) today announced plans to formally explore co-development opportunities in Mexico as part of their continued strategic collaboration focused on optimizing temperature-sensitive commodity flows between the United States, Mexico and Canada. Americold and CPKC established a strategic collaboration in June 2023 to optimize temperature controlled logistics across North America.
- 12/12/2024
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CPKC places follow-on order for approximately 20 MW of Ballard fuel cell engines for North American locomotives
- VANCOUVER, BC , Dec. 5, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the signing of a new Long Term Supply Agreement ("LTSA") with Canadian Pacific Kansas City ("CPKC") (TSX: CP) (NYSE: CP), including the initial supply of 98 fuel cell engines for use in the North American freight rail market. Each engine has a nameplate of 200 kW, totaling approximately 20 megawatts (MW) of fuel cell power.
- 12/05/2024
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CPKC President and CEO Keith Creel and CPKC EVP and COO Mark Redd will now address the 2024 UBS Global Industrials and Transportation Conference on Dec. 4
- CALGARY, AB , Nov. 27, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) President and Chief Executive Officer Keith Creel and Executive Vice-President and Chief Operating Officer Mark Redd will now address the 2024 UBS Global Industrials and Transportation Conference on Dec. 4, 2024, at 9:40 a.m. ET. CPKC will provide access to the live audio webcast at investor.cpkcr.com.
- 11/27/2024
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Why Is Canadian Pacific Kansas City (CP) Down 4.2% Since Last Earnings Report?
- Canadian Pacific Kansas City (CP) reported earnings 30 days ago. What's next for the stock?
- 11/22/2024
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ATCO EnPower and CPKC complete construction of two hydrogen production & refuelling stations in Alberta
- CALGARY, AB , Nov. 20, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) and ATCO EnPower, a division of Canadian Utilities Limited (TSX: CU) today said construction of hydrogen production and refuelling facilities in Calgary and in Edmonton is now complete and the facilities are fully operational. As part of its innovative Hydrogen Locomotive Program, CPKC is retrofitting a number of diesel locomotives with hydrogen fuel cells so they can operate without directly generating emissions.
- 11/20/2024
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CPKC President and CEO Keith Creel and CPKC EVP and COO Mark Redd to address the 2024 UBS Global Industrials and Transportation Conference
- CALGARY, AB , Nov. 19, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) President and Chief Executive Officer Keith Creel and Executive Vice-President and Chief Operating Officer Mark Redd will address the 2024 UBS Global Industrials and Transportation Conference on Dec. 3, 2024, at 8:50 a.m. ET. CPKC will provide access to the live audio webcast at investor.cpkcr.com.
- 11/19/2024
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Revving Up: 2 Underperforming Dividend Giants Ready To Outshine
- Two high-quality dividend stocks are finally positioned for a strong rebound. After a period of underperformance, their growth potential is back in focus. These companies have adapted well to recent challenges, enhancing their strategies to boost shareholder returns. Their fundamentals are solid and undervalued. With robust dividends and renewed growth trajectories, both stocks stand ready to outperform. Ideal picks for investors seeking stability and upside potential.
- 11/14/2024
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Here's Why Investors Should Retain Canadian Pacific KC Stock
- Canadian Pacific KC is benefiting from its robust cost-cutting initiatives and shareholder-friendly approach. However, weak liquidity is a headwind.
- 11/14/2024
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The Trump Dip - Here's What I'm Buying To Improve My Dividend Portfolio
- My portfolio gained significantly post-election, driven by industrial and energy stocks, while REITs and tariff-prone companies faced pressure from rising rates and trade uncertainties. I see value in stocks like Canadian Pacific and select REITs, which were sold off prematurely due to investor overreaction. Regardless of political changes, my focus remains on building a resilient portfolio with reliable income through value investments and all-weather stocks.
- 11/08/2024
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CPKC Executive Vice-President and Chief Marketing Officer John Brooks and CPKC Senior Vice-President Accounting, Planning and Procurement Ian Gray to address the 24th Annual Scotiabank Transportation & Industrials Conference
- CALGARY, AB , Oct. 30, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) Executive Vice-President and Chief Marketing Officer John Brooks and Senior Vice-President Accounting, Planning and Procurement Ian Gray will address the 24th Annual Scotiabank Transportation & Industrials Conference on Nov. 13, 2024, at 9 a.m. ET. CPKC will provide access to the live audio webcast at investor.cpkcr.com.
- 10/30/2024
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Canadian Pacific: Unveiling The Upcoming Catalyst After Earnings
- Canadian Pacific reported Q3 earnings, showing strong revenue growth in a mixed macroeconomic environment, but higher operating expenses. The company performed extremely well across beaten down commodities, showing it has the resilience and the network to go countertrend. In the earnings call, the company's management shed some light on one future catalyst that should help the stock in 2025.
- 10/25/2024
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Canadian Pacific's Third-Quarter Earnings & Revenues Miss Estimates
- Canadian Pacific's third-quarter performance is bolstered by robust operational efficiency and synergies.
- 10/24/2024
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Don't Sleep On Canadian Pacific, One Of My Favorite Dividend Stocks
- Canadian Pacific Kansas City shows resilience and operational excellence, benefiting from post-merger synergies and a wide moat in North American transportation. Despite cyclical headwinds and a low dividend yield, CPKC's strong revenue growth and efficiency improvements position it for future stock price breakout and dividend growth. Canadian Pacific expects double-digit EPS growth beyond 2026, driven by bulk, auto segments, and infrastructure projects, enhancing its long-term value generation.
- 10/24/2024
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Canadian Pacific Kansas City Limited (CP) Q3 2024 Earnings Call Transcript
- Canadian Pacific Kansas City Limited (NYSE:CP ) Q3 2024 Earnings Call Transcript October 23, 2024 4:30 PM ET Company Participants Ashley Thorne - AVP, IR Keith Creel - President and CEO Mark Redd - EVP and COO John Brooks - EVP and CMO Nadeem Velani - EVP and CFO Conference Call Participants Chris Wetherbee - Wells Fargo Walter Spracklin - RBC Capital Markets Jon Chappell - Evercore ISI Fadi Chamoun - BMO Capital Markets Scott Group - Wolfe Research Tom Wadewitz - UBS Ken Hoexter - Bank of America Brian Ossenbeck - JPMorgan Steve Hansen - Raymond James Ravi Shanker - Morgan Stanley Benoit Poirier - Desjardins Capital Markets Operator Good afternoon. My name is Marjorie and I'll be your conference operator today.
- 10/23/2024
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Canadian Pacific Kansas City (CP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
- Although the revenue and EPS for Canadian Pacific Kansas City (CP) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 10/23/2024
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Canadian Pacific Kansas City (CP) Misses Q3 Earnings and Revenue Estimates
- Canadian Pacific Kansas City (CP) came out with quarterly earnings of $0.73 per share, missing the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.69 per share a year ago.
- 10/23/2024
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CPKC reports third-quarter results driven by solid execution; poised for strong finish to 2024
- CALGARY, AB , Oct. 23, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today announced its third-quarter results, including revenues of $3.5 billion, diluted earnings per share (EPS) of $0.90 and core adjusted combined diluted EPS1 of $0.99. "During the third quarter, we delivered strong performance across the operations of our unrivaled North American network, despite dealing with a number of temporary headwinds," said Keith Creel, CPKC President and Chief Executive Officer.
- 10/23/2024
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Canadian Pacific Kansas City Limited declares dividend
- CALGARY, AB , Oct. 23, 2024 /PRNewswire/ - The Board of Directors of Canadian Pacific Kansas City Limited (TSX: CP) (NYSE: CP) (CPKC) today declared a quarterly dividend of $0.19 per share on the outstanding Common Shares. The dividend is payable on Jan. 27, 2025, to holders of record at the close of business on Dec. 27, 2024, and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation.
- 10/23/2024
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After Plunging -7.97% in 4 Weeks, Here's Why the Trend Might Reverse for Canadian Pacific Kansas City (CP)
- Canadian Pacific Kansas City (CP) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
- 10/22/2024
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Unlocking Q3 Potential of Canadian Pacific Kansas City (CP): Exploring Wall Street Estimates for Key Metrics
- Beyond analysts' top -and-bottom-line estimates for Canadian Pacific Kansas City (CP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
- 10/18/2024
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STB Approves Transaction That Creates New CPKC-CSX Class I Connection Linking Mexico, Texas and the U.S. Southeast
- CALGARY, AB and JACKSONVILLE, Fla. , Oct. 17, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC), CSX Corporation (NASDAQ: CSX) (CSX) and Genesee & Wyoming Inc. (G&W) today said the Surface Transportation Board (STB) has approved CSX's and CPKC's respective applications regarding their acquisition of the rail lines operated by G&W's Meridian & Bigbee Railroad, L.L.C.
- 10/17/2024
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What's in Store for Canadian Pacific Kansas City in Q3 Earnings?
- CP's third-quarter performance is expected to have been adversely impacted by elevated fuel costs.
- 10/16/2024
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Canadian Pacific Kansas City (CP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Canadian Pacific Kansas City (CP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/16/2024
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The Zacks Analyst Blog Berkshire Hathaway, Canadian Pacific Kansas City, American International and Steel Partners
- Berkshire Hathaway, Canadian Pacific Kansas City, American International and Steel Partners are included in this Analyst Blog.
- 10/11/2024
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All You Need to Know About Canadian Pacific Kansas City (CP) Rating Upgrade to Strong Buy
- Canadian Pacific Kansas City (CP) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 10/09/2024
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Unifor initiates negotiations with Canadian Pacific Kansas City
- Unifor said on Tuesday it has initiated contract negotiations with Canadian Pacific Kansas City , just weeks after it opened negotiations with Canadian National Railway.
- 10/08/2024
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Here's Why Investors Should Bet on Canadian Pacific Stock Right Now
- CP is benefiting from its robust cost-cutting initiatives, boosting the bottom line. The shareholder-friendly approach is a tailwind.
- 10/08/2024
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CPKC to report third-quarter 2024 earnings results on Oct. 23, 2024
- CALGARY, AB , Oct. 2, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) will release its third-quarter 2024 financial and operating results after the market close on Oct. 23, 2024. CPKC will discuss its results with the financial community in a conference call beginning at 4:30 p.m.
- 10/02/2024
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Holy Alliance: Opposition Coalition to front one Presidential candidate against President Museveni in 2026 elections
- Opposition political parties under the Holy Alliance coalition have agreed to front one Presidential candidate in the 2026 general elections. The political parties include the National Economic Empowerment Dialogue (NEED), JEEMA, Uganda Young Democrats (UYD) Alumni, Social Democratic Party (SDP), Democratic Party (DP) bloc,Conservative Party (CP) and People’s Development Party (PDP). This was revealed yesterday […] The post Holy Alliance: Opposition Coalition to front one Presidential candidate...
- 09/28/2024
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3 Railroad Stocks to Watch From the Prospering Industry
- Shareholder-friendly initiatives bode well for the Zacks Transportation-Railroad industry. CP, CSX and NSC are well-poised to capitalize on the bullishness.
- 09/20/2024
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CPKC announces appointment of Arturo Gutiérrez Hernández to board of directors
- CALGARY, AB , Sept. 17, 2024 /PRNewswire/ - Canadian Pacific Kansas City Limited (TSX: CP) (NYSE: CP) (CPKC) announced today the appointment of Arturo Gutiérrez Hernández to the CPKC Board of Directors, effective on Nov. 1, 2024.
- 09/17/2024
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Why Is Canadian Pacific Kansas City (CP) Down 1.5% Since Last Earnings Report?
- Canadian Pacific Kansas City (CP) reported earnings 30 days ago. What's next for the stock?
- 08/29/2024
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Here's Why Investors Should Retain Canadian Pacific KC 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.
- 08/29/2024
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CPKC President and CEO Keith Creel to address the Morgan Stanley 12th Annual Laguna Conference
- 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.
- 08/28/2024
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CPKC moves to restart rail operations following CIRB order
- 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.
- 08/24/2024
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CPKC disappointed by TCRC's decision to dispute Minister's direction to resume railway operations
- CALGARY, AB , Aug. 22, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) said, following the direction issued by the Canadian Minister of Labour pursuant to section 107 of the Canada Labour Code, the Canada Industrial Relations Board (CIRB) convened an urgent case management conference with CPKC at 9:00 p.m. ET tonight.
- 08/22/2024
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CPKC prepares to restart railway operations, awaits CIRB order
- CALGARY, AB , Aug. 22, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today said it is preparing to restart railway operations in Canada following the Canadian Minister of Labour's announcement that he will exercise his authority under Section 107 of the Canada Labour Code to direct the Canada Industrial Relations Board (CIRB) to impose final binding arbitration and for railway operations to resume forthwith. CPKC will follow the order of the CIRB once it executes the Minister's direction.
- 08/22/2024
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Canadian National Railways and Canadian Pacific lock out Teamsters union workers
- 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.
- 08/22/2024
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CPKC locks out TCRC employees, moves to full shut down of Canadian rail network
- CALGARY, AB , Aug. 22, 2024 /PRNewswire/ -- Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) said today it has locked out employees who are members of the Teamsters Canada Rail Conference (TCRC) – Train and Engine (T&E) division effective 00:01 Eastern Time on Aug. 22. That will be followed by the lock out of employees who are members of the TCRC – Rail Traffic Controller (RCTC) division effective 00:01 Mountain Time on Aug. 22.
- 08/22/2024
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Teamsters Canada says it receives notice to withdraw services for Canadian Pacific Kansas City
- 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.
- 08/18/2024
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Billionaire Investor Bill Ackman Has 100% of His $10 Billion Portfolio in Just 9 Stocks, But There Were Seismic Changes During the Quarter
- Bill Ackman manages Pershing Square Capital Management, the hedge fund he founded, with roughly $10 billion in assets under management. Ackman is known for his long-term mindset, so it raised eyebrows when he cut two of his largest positions by more than 20%.
- 08/17/2024
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Dividend Darlings: 3 Fantastic Stocks To Hold Rain Or Shine
- 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.
- 08/14/2024
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CPKC to issue TCRC lockout notice for Aug. 22
- 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.
- 08/09/2024
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Canadian Pacific: Idiosyncratic Growth Opportunities Should Drive Outperformance
- 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.
- 08/08/2024
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Comparing The 5 Publicly Traded Class I Railroad Companies
- Railroads in the US boomed in the 19th century but faced competition from automobiles and airlines, leading to mergers and consolidation in the industry. There are 5 Class I publicly traded railroads left today, each with high returns on equity, low debt, growing dividends, and ample return on capital. All are compound growers. The railroad business is a natural monopoly due to high capital costs and legal obstacles, resulting in low competition and stable profit margins.
- 08/08/2024
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Canadian Pacific KC (CP) Q2 Earnings & Sales Beat Estimates
- Freight revenues increase 14% year over year at Canadian Pacific KC (CP) in Q2.
- 08/01/2024
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Why Canadian Pacific Remains One Of My All-Time Favorite Dividend Plays
- 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.
- 07/31/2024
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Canadian Pacific Kansas City Limited (CP) Q2 2024 Earnings Call Transcript
- 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.
- 07/30/2024
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Canadian Pacific Kansas City (CP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
- 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.
- 07/30/2024
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CPKC's strong second-quarter results demonstrate advantages of North American network; carrying momentum into second half of 2024
- CALGARY, AB , July 30, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today announced its second-quarter results, including revenues of $3.6 billion, diluted earnings per share (EPS) of $0.97 and core adjusted combined diluted EPS1, 2 of $1.05. "Our excellent second quarter results showcase how the advantages of this unrivaled North American network are being realized," said Keith Creel, CPKC President and Chief Executive Officer.
- 07/30/2024
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CPKC mourns the passing of Patrick J. Ottensmeyer
- CALGARY, AB , July 29, 2024 /PRNewswire/ - It is with great sadness that Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) mourns the passing of former Kansas City Southern (KCS) President and CEO Patrick J. Ottensmeyer.
- 07/29/2024
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Canadian Pacific Kansas City Limited declares dividend
- CALGARY, AB , July 29, 2024 /PRNewswire/ - The Board of Directors of Canadian Pacific Kansas City Limited (TSX: CP) (NYSE: CP) (CPKC) today declared a quarterly dividend of $0.19 per share on the outstanding Common Shares. The dividend is payable on Oct. 28, 2024, to holders of record at the close of business on Sept.
- 07/29/2024
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Insights Into Canadian Pacific Kansas City (CP) Q2: Wall Street Projections for Key Metrics
- Get a deeper insight into the potential performance of Canadian Pacific Kansas City (CP) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
- 07/26/2024
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Canadian Pacific Kansas City (CP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Canadian Pacific Kansas City (CP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/23/2024
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What's in Store for Canadian Pacific KC (CP) in Q2 Earnings?
- Canadian Pacific KC's (CP) Q2 performance is expected to be adversely impacted by elevated operating expenses.
- 07/23/2024
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3 Best Bill Ackman Stocks to Scoop Up in July
- Investing in Bill Ackman stocks ranks among the top picks on the stock market today. Founded over two decades ago, stock picks from Ackman's Pershing Square hedge fund have become a key talking point among value investors.
- 07/15/2024
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Here's Why Investors Should Retain Canadian Pacific KC (CP)
- Canadian Pacific KC (CP) is riding on its robust segmental performance. However, high operating expenses and low liquidity represent major headwinds.
- 07/11/2024
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CPKC to report second-quarter 2024 earnings results on July 30, 2024
- CALGARY, AB , July 9, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) will release its second-quarter 2024 financial and operating results after the market close on July 30, 2024. CPKC will discuss its results with the financial community in a conference call beginning at 4:30 p.m.
- 07/09/2024
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4 Stocks to Watch From the Prospering Railroad Industry
- Shareholder-friendly initiatives bode well for the Zacks Transportation-Railroad industry. CNI, CP, CSX and NSC are well-poised to capitalize on the bullishness.
- 07/09/2024
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3 Timeless Blue-Chip Stocks for Multi-Generational Wealth
- Long-term blue-chip stocks are the way to go to grow your wealth without taking on too much risk. Relying on the safety and compounding of blue-chip stocks will minimize drawdowns and set you on a path to wealth creation.
- 07/06/2024
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Here's Why Investors Should Avoid Canadian Pacific KC (CP)
- Canadian Pacific KC's (CP) bottom line grapples with elevated operating costs. Low liquidity is another concern.
- 06/27/2024
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Forced To Choose 3: My All-Star Dividend Stocks For 2024 And Beyond
- In this article, I address a reader's request to identify my top three high-conviction stock picks from my 2024 articles. I discuss the importance of selecting stocks with consistent dividend growth, healthy balance sheets, and secular growth, which is crucial in a market facing prolonged high inflation and interest rates. Ultimately, I emphasize my concentrated portfolio strategy, ensuring that even my top three picks align with my long-term investment outlook and provide robust returns despite market challenges.
- 06/12/2024
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7 Stocks to Pick Up for the Upcoming Interest Rate Cuts
- Stock market investors who are bullish on U.S. interest rate cuts in 2024 can look to many factors to substantiate their hopes. As expected, the Federal Reserve did not cut rates at the most recent central bank meeting.
- 06/10/2024
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A New Portfolio Addition! I Just Bought These 2 Dividend Growers
- I recently added two stocks (one new addition) to my dividend growth portfolio, bringing the total to 21 stocks in 12 different industries. The S&P 500 is currently trading at a high valuation, which makes finding undervalued stocks challenging. It's also supported by a small number of stocks, indicating a lack of breadth. I bought two transportation companies, with one of them being the leader in a highly fragmented industry with a lot of long-term growth potential.
- 06/03/2024
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Here's Why Investors Should Retain Canadian Pacific KC (CP)
- Canadian Pacific KC's (CP) efforts to reward its shareholders are commendable. However, high operating expenses and low liquidity represent major headwinds.
- 05/31/2024
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Update on TCRC collective bargaining negotiations
- CALGARY, AB , May 16, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today published the following update on collective bargaining with the Teamsters Canada Rail Conference (TCRC): CPKC and the TCRC leadership will resume meeting on May 17, 2024 with the assistance of federal mediators in an effort to achieve new collective agreements for our Train and Engine (T&E) and Rail Traffic Controller (RCTC) employees. As we have said since these negotiations began, CPKC is firmly committed to the collective bargaining process and our objective remains to negotiate renewed agreements that are in the best interests of our employees, their families, our customers, the Canadian economy and North America's supply chains.
- 05/16/2024
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Canada moves to push back start date for possible rail strike
- The Canadian government is moving to push back the start of a possible strike by railway workers at Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC), an official said on Friday.
- 05/10/2024
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CPKC Executive Vice-President and Chief Marketing Officer to address the 2024 Bank of America Transportation, Airlines and Industrials Conference on May 15, 2024
- CALGARY, AB , May 2, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) Executive Vice-President and Chief Marketing Officer John Brooks will address the 2024 Bank of America Transportation, Airlines and Industrials Conference on May 15, 2024, at 08:45 a.m. ET. CPKC will provide access to the live audio webcast at investor.cpkcr.com.
- 05/02/2024
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CPKC President and Chief Executive Officer to address the 2024 RBC Capital Markets Canadian Industrials Conference on May 14, 2024
- CALGARY, AB , May 1, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) President and Chief Executive Officer Keith Creel will address the 2024 RBC Capital Markets Canadian Industrials Conference on May 14, 2024, at 10:55 a.m. ET. CPKC will provide access to the live audio webcast at investor.cpkcr.com.
- 05/01/2024
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Canadian Pacific KC (CP) Q1 Earnings Lag Estimates, Up Y/Y
- Freight revenues increase 54.6% year over year at Canadian Pacific KC (CP) in Q1.
- 04/25/2024
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CPKC announces results of director elections
- CALGARY, AB , April 24, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today announced the results of the 2024 annual meeting held earlier today, including the election of all 11 nominees listed in the management proxy circular dated March 21, 2024, as directors of CPKC. All directors received at least 96.21 percent of votes cast.
- 04/24/2024
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Canadian Pacific Kansas City Limited (CP) Q1 2024 Earnings Call Transcript
- Canadian Pacific Kansas City Limited (NYSE:CP ) Q1 2024 Results Conference Call April 24, 2024 9:45 AM ET Company Participants Chris de Bruyn - VP, Capital Markets and Treasurer Keith Creel - President and CEO Mark Redd - EVP and COO John Brooks - EVP and CMO Nadeem Velani - EVP and CFO Conference Call Participants Jon Chappell - Evercore Brian Ossenbeck - JPMorgan Walter Spracklin - RBC Capital Markets Fadi Chamoun - BMO Capital Markets Ken Hoexter - Bank of America Steve Hansen - Raymond James Scott Group - Wolfe Research Tom Wadewitz - UBS Benoit Poirier - Desjardins Bank Securities Operator Good morning. My name is James, and I will be your conference operator today.
- 04/24/2024
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Compared to Estimates, Canadian Pacific Kansas City (CP) Q1 Earnings: A Look at Key Metrics
- Although the revenue and EPS for Canadian Pacific Kansas City (CP) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 04/24/2024
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Canadian Pacific Kansas City (CP) Q1 Earnings Miss Estimates
- Canadian Pacific Kansas City (CP) came out with quarterly earnings of $0.69 per share, missing the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.63 per share a year ago.
- 04/24/2024
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CPKC reports first-quarter results; celebrating one year as a combined company
- CALGARY, AB , April 24, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today announced its first-quarter results, including revenues of $3.5 billion, diluted earnings per share (EPS) of $0.83 and core adjusted combined diluted EPS1, 2 of $0.93. "One year into our historic combination, I am proud of what our dedicated family of railroaders has accomplished as we deliver on the benefits of our unrivalled network – spurring competition, increasing safety and connecting more markets for our customers," said Keith Creel, CPKC President and Chief Executive Officer.
- 04/24/2024
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Canadian Pacific Kansas City Limited declares dividend
- CALGARY, AB , April 23, 2024 /PRNewswire/ - The Board of Directors of Canadian Pacific Kansas City Limited (TSX: CP) (NYSE: CP) (CPKC) today declared a quarterly dividend of $0.19 per share on the outstanding Common Shares. The dividend is payable on July 29, 2024, to holders of record at the close of business on June 28, 2024, and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation.
- 04/23/2024
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What's in Store for Canadian Pacific KC (CP) in Q1 Earnings?
- Canadian Pacific KC's (CP) Q1 bottom line is likely to have been hurt by high operating expenses and capital expenditures.
- 04/22/2024
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CPKC updates time of first-quarter 2024 earnings results on April 24, 2024
- CALGARY, AB , April 19, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) said today it will release its first-quarter 2024 financial and operating results at 9 a.m. ET (7 a.m.
- 04/19/2024
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Countdown to Canadian Pacific Kansas City (CP) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
- Beyond analysts' top -and-bottom-line estimates for Canadian Pacific Kansas City (CP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
- 04/19/2024
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Canadian Pacific Kansas City (CP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Canadian Pacific Kansas City (CP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/17/2024
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Pershing Picks: 3 Top Bill Ackman Stocks to Buy in April
- Investors typically pay close attention to shares held by renowned hedge fund managers, especially when volatility on the Street increases. Therefore today, we discuss three Bill Ackman stocks.
- 04/15/2024
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3 Railroad Stocks to Watch From the Challenging Industry
- The Zacks Industry Rank for the Transportation-Rail industry paints a murky picture. Braving the industry headwinds are three stocks, CNI, CP and CSX, which investors might consider keeping on their radar.
- 04/12/2024
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The Ultimate 5: Unveiling My All-Time Favorite Dividend Growth Investments
- Renowned psychologist Daniel Kahneman, known for challenging traditional economic assumptions of rationality, passed away at the age of 90. Kahneman's work on human decision-making influenced various fields beyond finance, such as organ donation programs and infrastructure project planning. One of Kahneman's key findings was the psychological phenomenon of loss aversion, where losses have a bigger impact on individuals than gains.
- 04/09/2024
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Here's Why Investors Should Avoid Canadian Pacific KC (CP)
- Canadian Pacific KC (CP) investors are apprehensive about its liquidity position, high operating expenses and escalated debt levels. The company lacks sufficient cash to fulfil its debt obligations.
- 04/05/2024
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CPKC to report first-quarter 2024 earnings results on April 24, 2024
- CALGARY, AB , April 3, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) will release its first-quarter 2024 financial and operating results after the market close on April 24, 2024. CPKC will discuss its results with the financial community in a conference call beginning at 4:30 p.m.
- 04/03/2024
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The 3 Best Bill Ackman Stocks to Buy With $10K Right Now
- Bill Ackman, one of the most prominent hedge fund managers on Wall Street, has a strong track record of successful bets. Those who are looking to emulate his investing style might consider the best Bill Ackman stocks to buy in 2024.
- 03/26/2024
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Buying The Food Supply Chain Comes With Income, Growth, And Safety
- Buying The Food Supply Chain Comes With Income, Growth, And Safety
- 03/16/2024
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Here's Why Investors Should Retain Canadian Pacific KC (CP)
- Shareholder-friendly actions bode well for Canadian Pacific KC (CP) investors. However, high costs pose a significant threat.
- 03/12/2024
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Beware Of Low Returns! Here Are 4 Dividend Stocks With Over 12% Annual Return Potential
- Market sentiment is bullish but not at extreme levels, suggesting unusual developments in market sentiment, with surprisingly loose financial conditions.
- 03/08/2024
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Warren Buffett Just Issued a Dire Warning for These 2 "Bulletproof" Sectors
- Warren Buffett lamented two of his largest investments in this year's annual letter. The admission was somewhat shocking, given that these businesses make up significant portions of Berkshire's operating earnings.
- 03/03/2024
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Why Is Canadian Pacific Kansas City (CP) Up 5.5% Since Last Earnings Report?
- Canadian Pacific Kansas City (CP) reported earnings 30 days ago. What's next for the stock?
- 02/29/2024
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Canadian Pacific (CP) Q4 Earnings Beat Estimates, Increase Y/Y
- Canadian Pacific (CP) fourth-quarter 2023 quarterly revenues of $2.773 billion (C$3.776 billion) improved 53% year over year.
- 02/02/2024
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Canadian Pacific Kansas City Limited (CP) Q4 2023 Earnings Call Transcript
- Canadian Pacific Kansas City Limited (CP) Q4 2023 Earnings Call Transcript
- 01/30/2024
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Canadian Pacific Kansas City (CP) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
- While the top- and bottom-line numbers for Canadian Pacific Kansas City (CP) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 01/30/2024
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What's in Store for Canadian Pacific (CP) in Q4 Earnings?
- Canadian Pacific's (CP) fourth-quarter 2023 earnings and revenues are likely to have surged from the year-ago levels.
- 01/29/2024
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Countdown to Canadian Pacific Kansas City (CP) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
- Get a deeper insight into the potential performance of Canadian Pacific Kansas City (CP) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
- 01/25/2024
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Canadian Pacific Kansas City (CP) Earnings Expected to Grow: Should You Buy?
- Canadian Pacific Kansas City (CP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/23/2024
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3 Stocks to Watch From the Flourishing Railroad Industry
- The Zacks Industry Rank for the Transportation-Rail industry paints a murky picture. Braving the industry headwinds are three stocks, CNI, CP and CSX, which investors might consider keeping on their radar.
- 01/19/2024
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CPKC to report fourth-quarter 2023 earnings results on Jan. 30, 2024
- CALGARY, AB , Jan. 9, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) will release its fourth-quarter 2023 financial and operating results after the market close on Jan. 30, 2024. CPKC will discuss its results with the financial community in a conference call beginning at 4:30 p.m.
- 01/09/2024
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3 Stocks With Strong Tailwinds In 2024
- There are many uncertainties about 2024 and the direction the economy is going to go. Yet, I see three tailwinds that should in any case help three stocks. In three different industries, with no mention of AI, I see three interesting picks I want to share with my readers.
- 01/08/2024
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CPKC Executive Vice-President and Chief Financial Officer to address the 27th Annual CIBC Western Institutional Investor Conference on Jan. 18, 2024
- CALGARY, AB , Jan. 4, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) Executive Vice-President and Chief Financial Officer Nadeem Velani will address the 27th Annual CIBC Western Institutional Investor Conference on Jan. 18, 2024, at 4:30 p.m. ET. CPKC will provide access to the live audio webcast at investor.cpkcr.com.
- 01/04/2024
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Ex-Dividend Reminder: Illinois Tool Works, Canadian Pacific And Deere
- On 12/28/23, Illinois Tool Works, Canadian Pacific Kansas City, and Deere will all trade ex-dividend for their respective upcoming dividends. Illinois Tool Works, will pay its quarterly dividend of $1.40 on 1/11/24, Canadian Pacific Kansas City will pay its quarterly dividend of $0.19 on 1/29/24, and Deere will pay its quarterly dividend of $1.47 on 2/8/24.
- 12/26/2023
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Here's Why One Should Retain Canadian Pacific (CP) Stock Now
- Strong freight market conditions and shareholder-friendly measures boost Canadian Pacific (CP).
- 12/18/2023
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12 Stocks I Hope To Buy If The Market Crashes
- I've been stockpiling cash for real estate transactions and not actively buying stocks in the market. I aim to have a cash position for the next bear market and am not finding many attractive buying opportunities currently. Here's my list of high conviction long-term bullish picks that I'd like to buy during a market downturn.
- 12/15/2023
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Transportation industry breakout will make these stocks rally
- There's a blueprint behind every winning investment that tends to be forgotten during the good and easy times in the stock market. However, following a solid plan is being called for in today's environment.
- 12/12/2023
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Canadian Pacific: A Good Buy At Current Levels
- Canadian Pacific Kansas City is expected to benefit from revenue synergies and market share gains in the railroad industry. The company's margin outlook is positive, with cost synergies from the CPKC integration and ongoing productivity savings expected to improve margins. Valuation is reasonable considering growth prospects.
- 12/02/2023
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Canadian Pacific: Why I Just Bought Shares Of This Blue Chip Railroad
- Canadian Pacific Kansas City Limited is an attractive compounder in the industrial sector. Class-1 railroads have wide moats, making it difficult for competitors to disrupt them. CP has the potential to compound its free cash flow at a 20% annual rate over the next 5 years.
- 12/01/2023
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Canadian Pacific (CP) Q3 Earnings Beat Estimates, Decrease Y/Y
- Canadian Pacific (CP) third-quarter 2023 revenues of $2,489.1 million (C$3,339 million) improve 40.4% year over year.
- 10/27/2023
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3 Railroad Stocks to Watch Amid the Industry Weakness
- The Zacks Industry Rank for the Transportation-Rail industry paints a murky picture. Braving the industry headwinds are three stocks, CNI, CP and CSX, which investors might consider keeping on their radar.
- 10/27/2023
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Treasury Notes A Much Smoother Ride Than Canadian Pacific Kansas City
- The 10 Year Treasury Note offers a risk-free return of nearly 5% and guarantees repayment of principal in a decade. I think the purchase of Kansas City Southern will cause a write-down, making the future here far more murky, especially when compared to risk-free alternatives. The cash flows and predictability of the Treasury Note make it a far superior investment compared to the stock.
- 10/26/2023
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Canadian Pacific Kansas City (CP) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
- Although the revenue and EPS for Canadian Pacific Kansas City (CP) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 10/25/2023
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Canadian Pacific Kansas City Limited (CP) Q3 2023 Earnings Call Transcript
- Canadian Pacific Kansas City Limited (NYSE:CP ) Q3 2023 Results Earnings Conference Call October 26, 2023 4:30 PM ET Company Participants Chris de Bruyn - Vice President, Capital Markets and Treasurer Keith Creel - President and Chief Executive Officer Mark Redd - Executive Vice-President and Chief Operating Officer John Brooks - Executive Vice President and Chief Marketing Officer Nadeem Velani - Executive Vice President and Chief Financial Officer Conference Call Participants Chris Wetherbee - Citi Investment Research Scott Group - Wolfe Research Brandon Oglenski - Barclays Capital Fadi Chamoun - BMO Capital Markets Steve Hansen - Raymond James Tom Wadewitz - UBS Jonathan Chappell - Evercore ISI Cherilyn Radbourne - TD Securities Konark Gupta - Scotia Capital Walter Spracklin - RBC Capital Markets Ken Hoexter - Bank of America Merrill Lynch Brian Ossenbeck - J.P. Morgan Ben Nolan - Stifel Justin Long - Stephens Inc Benoit Poirier - Desjardins Securities David Vernon - Bernstein Operator Good afternoon.
- 10/25/2023
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CPKC to report third-quarter 2023 earnings results on Oct. 25, 2023
- CALGARY, AB , Oct. 4, 2023 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) will release its third-quarter 2023 financial and operating results after the market close on Oct. 25, 2023. CPKC will discuss its results with the financial community in a conference call at 4:30 p.m.
- 10/04/2023
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Ticking Time Bombs: 3 Transportation Stocks to Dump Before the Damage Is Done
- While up on the year, transportation stocks continue to trail the market. The S&P Transportation Index is up 10% in 2023, but over five years, the index is up only 12%.
- 09/27/2023
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Road to Riches: 3 Transportation Stocks Set to Outpace the Market
- Transportation stocks are typically viewed as moving in sync with the economy as a whole. Despite what the very stubborn bears say, I would argue that this characteristic makes transportation stocks very attractive at the current time, as the Fed projects that the U.S. economy will grow at an extremely rapid 4.9% in the current quarter.
- 09/26/2023
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My Favorite Railroad - Why Billionaires Own Canadian Pacific Kansas City
- Canadian Pacific Kansas City is building one of the best railroad networks in the world, with double-digit annual EBITDA growth and potential for dividend growth and buybacks. Major investors, including TCI Fund Management and Bill Ackman's Pershing Square Capital Management, have shown confidence in CPKC's growth prospects. CPKC's strategic focus on high-margin bulk and merchandise shipping, particularly in Mexico, positions it for sustained profitability and long-term outperformance.
- 09/22/2023
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3 Undervalued Stocks in Bill Ackman's Portfolio
- Billionaire investor Bill Ackman (Trades, Portfolio), head of Pershing Square Capital Management, is known for taking large positions in a handful of underperforming companies and pushing for change in order to unlock value for shareholders.
- 09/13/2023
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Canadian Pacific Kansas City: Why I Am Waiting To Buy This Promising Railroad
- Canadian Pacific Kansas City Limited is the only North-American railroad operating directly in three countries. The company managed to report positive revenue growth during a tough quarter. Yet, I am not fully convinced about its 2023 outlook.
- 09/11/2023
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The 3 Best Railroad Stocks to Buy Now: September 2023
- Railroad stocks are often under-appreciated, despite delivering strong top-line and EPS growth over the last decade. While the industry faces macroeconomic uncertainties, investors should take a look at the best railroad stocks to buy.
- 09/08/2023
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7 Stocks to Sell as The Market Rally Takes a Breather
- Look no further if you're considering stocks to sell since the market rally has taken a breather. After posting historic results in this year's first half, led by a 30% gain in the tech-heavy Nasdaq index (its best performance in 40 years), all three major U.S. indices are in the red for August.
- 08/29/2023
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Here's Why One Should Sell Canadian Pacific Kansas City (CP)
- An escalation in operating expenses hurt Canadian Pacific Kansas City (CP).
- 08/22/2023
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Canadian Pacific (CP) Misses Q2 Earnings & Revenue Estimates
- Canadian Pacific's (CP) second-quarter 2023 earnings decrease year over year while revenues increase.
- 07/31/2023
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Canadian Pacific Kansas City (CP) Reports Q2 Earnings: What Key Metrics Have to Say
- The headline numbers for Canadian Pacific Kansas City (CP) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 07/27/2023
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Canadian Pacific Kansas City (CP) Q2 Earnings and Revenues Lag Estimates
- Canadian Pacific Kansas City (CP) came out with quarterly earnings of $0.62 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.74 per share a year ago.
- 07/27/2023
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New Strong Sell Stocks for July 25th
- ASH, CTS and CP have been added to the Zacks Rank #5 (Strong Sell) List on July 25, 2023.
- 07/25/2023
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Analysts Estimate Canadian Pacific Kansas City (CP) to Report a Decline in Earnings: What to Look Out for
- Canadian Pacific Kansas City (CP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/20/2023
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Canadian Pacific Kansas City Limited: I'm So Bullish, It Hurts
- Canadian Pacific Kansas City Limited, formed by the merger of Canadian Pacific and Kansas City Southern, is set to benefit from economic reshoring and post-merger synergies in all North American nations. The company aligns with Mexico's vision for economic growth, capitalizing on near-shoring opportunities and increased exports to the U.S. Canadian Pacific Kansas City Limited expects significant growth, double-digit earnings per share increase, and strong shareholder returns while maintaining a solid balance sheet. I consider the company to be undervalued with high growth potential.
- 07/14/2023
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New Strong Sell Stocks for July 13
- CP, ESSA and FISI have been added to the Zacks Rank #5 (Strong Sell) List on July 13, 2023.
- 07/13/2023
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Canadian Pacific KC (CP) & CSX Shares Barely Move Post JV
- The joint venture between CSX and Canadian Pacific (CP), if successful, is likely to go a long way in reducing carbon emissions.
- 06/27/2023
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Rail Stocks Have Had a Rough Ride. Why the Catch-Up May Be Here.
- Evercore ISI's Jonathan Chappell argues that by 2024 the major rails should be outperforming. That includes even Norfolk Southern, with its derailment issues.
- 06/23/2023
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Here's Why You Should Hold Canadian Pacific KC (CP) Stock Now
- Gradual recovery in freight-market conditions boost Canadian Pacific KC (CP). However, low cash balance is worrisome.
- 06/21/2023
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Railroad Stocks Look Ready to Roll Again, Says Analyst
- After years outperforming the market, freight-rail stocks Norfolk Southern, Union Pacific, Canadian National, Canadian Pacific, and CSX have stalled. The engine could start up again.
- 06/20/2023
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CPKC announces Investor Day webcast
- CALGARY, AB , June 16, 2023 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) announced today that it will webcast its Investor Day presentations in Kansas City on June 28, 2023. The live webcast and presentation slides will be available on CPKC's website at www.cpkcinvestorday.com.
- 06/16/2023
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Canadian Pacific Kansas City Is on the Right Track
- Put majestic forests, hockey, southern BBQ and this year's Super Bowl LVII champ in a blender, and you get Canadian Pacific Kansas City Ltd. NYSE: CP. The mouthful of a company is the combination of Calgary-based Canadian Pacific railway and K.C.
- 05/22/2023
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Bill Ackman and the Quest to Build a Mini-Berkshire
- Bill Ackman (Trades, Portfolio) can't seem to get enough of The Howard Hughes Corp. ( HHC , Financial). According to GuruFocus Real-Time Picks, a Premium feature, the activist investor's Pershing Square Capital Management now owns 32.19% of the company's total shares outstanding after buying more shares on May 4, 2023.
- 05/05/2023
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Canadian Pacific Kansas City (CP) Barely Moves Post Q1 Earnings
- Canadian Pacific Kansas City (CP) operating ratio improves in Q1.
- 05/05/2023
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Canadian Pacific Kansas City reports revenue jump in first earnings since completing merger
- Shares of Canadian Pacific Kansas City were headed in the right direction Thursday after the railway company reported its first results since officially merging earlier this month. The company reported revenue of $2.27 billion, up 23% from $1.84 billion in the same period last year, and earnings of $0.90 per share, up from $0.67.
- 04/27/2023
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Canadian Pacific Railway Limited (CP) Q1 2023 Earnings Call Transcript
- Canadian Pacific Railway Limited (CP) Q1 2023 Earnings Call Transcript.
- 04/26/2023
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Is a Surprise Coming for Canadian Pacific (CP) This Earnings Season?
- Canadian Pacific (CP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 04/25/2023
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Derailments, paid sick leave loom over railroad earnings
- Railroad earnings season kicks off this week with Union Pacific Corp. and CSX Corp. reporting their results on Thursday, ahead of Norfolk Southern Corp. and Canadian Pacific Kansas City Ltd. next week.
- 04/19/2023
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Canadian Pacific and Kansas City Southern officially merge
- Friday marks the first day of Canadian Pacific Kansas City (CPKC), the combined company of Canadian Pacific (NYSE: CP) and Kansas City Southern, and ends the journey that officially started just over two years ago in March 2021 when CP first declared publicly its interest in merging with KCS. “Today, we celebrate this historic combination creating a truly unique single-line rail network that begins a new chapter of railroad history in North America,” CPKC President and Chief Executive Officer Keith Creel said in a news release.
- 04/14/2023
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Bill Ackman's 2022 Annual Letter
- To the Shareholders of Pershing Square Holdings, Ltd.:
- 04/06/2023
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Confounded's Complete All-Weather Portfolio Revealed
- Most readers follow my work for the extensive writing I have done referencing my aggressive growth portfolio. However, the vast majority of my net worth is held in my all-weather portfolio. In this article, I would like to draw back the curtain on my main, all-weather portfolio, where roughly 80% of my assets reside.
- 04/01/2023
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$31B merger will make rail industry even more consolidated
- Dear devoted MODESians, The first episode of MODES hits the airways Thursday. You can watch at 2 p.m.
- 03/23/2023
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Canadian Pacific (CP), TCRC-MWED Ink Tentative Collective Deal
- The announcement of a new tentative collective deal with the Teamsters Canada Rail Conference Maintenance of Way Employees Division marks Canadian Pacific's (CP) favorable terms with unions.
- 03/20/2023
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Goodbye CP, Hello CPKC - Merger Synergies And Re-Shoring Benefits
- In this article, we dive into the STB decision to allow CP to merge with KSU and the fundamental bull case making CPKC a promising supply chain play. Not only is CPKC set to generate significant synergies, the new company benefits from tremendous re-shoring tailwinds, which we cover in detail.
- 03/19/2023
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Canadian Pacific announces leadership of merged company
- Canadian Pacific on Friday laid out its leadership roster as the railway becomes a merged company with Kansas City Southern in mid-April. Changes include the transition of current KCS President and CEO Pat Ottensmeyer into an advisory role through the end of 2023.
- 03/17/2023
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Rail shippers watching to see whether any benefits come from CP-KCS merger
- Rail shippers are waiting to see whether the merger of Canadian Pacific and Kansas City Southern will actually enhance competition and provide them with more choices. The Surface Transportation Board issued a decision Wednesday approving the deal, saying CP (NYSE: CP) and KCS would be able to promote competition better as a merged railroad company than as separate entities.
- 03/17/2023
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Canadian Pacific (CP) Stock Gets a Boost from U.S. Regulator
- The approval of Canadian Pacific???s (CP) buyout of Kansas City Southern is expected to result in multiple job creations.
- 03/16/2023
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Strength Seen in Canadian Pacific (CP): Can Its 5.7% Jump Turn into More Strength?
- Canadian Pacific (CP) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 03/16/2023
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U.S. regulators approve first major railroad merger in more than two decades
- The first major railroad merger in more than two decades, one that would link the United States, Canada and Mexico, was approved by federal regulators Wednesday.
- 03/15/2023
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Regulators OK Canadian Pacific-Kansas City Southern merger
- This story is developing. The Surface Transportation Board has approved, with conditions, Canadian Pacific's plans to merge with Kansas City Southern, paving the way for CP to take control of KCS as early as April 14.
- 03/15/2023
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Here's Why You Should Retain Canadian Pacific (CP) Stock Now
- Canadian Pacific's (CP) efforts to reward its shareholders through dividends bode well.
- 03/03/2023
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3 Railroad Stocks to Watch From a Challenging Industry
- The Zacks Industry Rank for the Transportation-Rail industry paints a dull picture. Braving the industry headwinds are three stocks, UNP, CP and CSX, which you might consider keeping in your watchlist.
- 02/23/2023
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Canada's Finest: High Yield, High Growth Dividend Picks
- In this article, we explore the potential for dividend (growth) investment opportunities in Canada. I picked three of my favorites, which include one energy company, one industrial stock, and one regulated electric utility.
- 02/14/2023
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Best undervalued Bill Ackman stocks for 2023
- Bill Ackman, the billionaire investor, has had a stellar performance in Wall Street over the years. Between January 2004 and August last year, his fund had a compound annual return of about 15.5% compared to S&P's 15.5%.
- 02/08/2023
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Canadian Pacific (CP) Stock Up 0.3% on Q4 Earnings Beat
- Canadian Pacific's (CP) fourth-quarter 2022 earnings and revenues increased year over year.
- 02/06/2023
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Canadian Pacific ‘ready to roll' on Kansas City Southern merger
- Canadian Pacific officials are upbeat about what 2023 might bring for the railway, with U.S. regulators poised to move soon on CP's request to merge with Kansas City Southern. “We are poised and ready to roll.
- 02/01/2023
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Canadian Pacific (CP) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
- Although the revenue and EPS for Canadian Pacific (CP) give a sense of how its business performed in the quarter ended December 2022, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 02/01/2023
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Canadian Pacific Railway Limited (CP) Q4 2022 Earnings Call Transcript
- Canadian Pacific Railway Limited (NYSE:CP ) Q4 2022 Earnings Conference Call January 31, 2023 4:30 PM ET Company Participants Maeghan Albiston - Investor Relations Keith Creel - President and Chief Executive Officer John Brooks - Chief Marketing Officer Nadeem Velani - Chief Financial Officer Conference Call Participants Jon Chappell - Evercore ISI Tom Wadewitz - UBS Chris Wetherbee - Citigroup Walter Spracklin - RBC Capital Markets Ken Hoexter - Bank of America Scott Group - Wolfe Research Jason Seidl - Cowen Brandon Oglenski - Barclays Konark Gupta - Scotiabank Steve Hansen - Raymond James Brian Ossenbeck - JPMorgan Ariel Rosa - Credit Suisse Amit Mehrotra - Deutsche Bank Justin Long - Stephens Operator Good afternoon. My name is Gretchen and I will be your conference operator today.
- 01/31/2023
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Canadian Pacific (CP) Q4 Earnings Top Estimates
- Canadian Pacific (CP) delivered earnings and revenue surprises of 2.53% and 1.15%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 01/31/2023
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2 Canadian Stocks to Diversify Your portfolio
- Canada is known for maple syrup, ice hockey and its natural scenery. However, what investors may not know is that the country is also ranked number nine on the list of the world's largest economies.
- 01/30/2023
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Canadian Pacific (CP) Earnings Expected to Grow: Should You Buy?
- Canadian Pacific (CP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/24/2023
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Canadian Pacific (CP) Announces Tentative Deal With Unifor
- The announcement of the new tentative collective deal with Unifor should provide a sense of relief for Canadian Pacific (CP).
- 01/16/2023
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Collaboration must be key for railroads to thrive, experts say
- WASHINGTON — The near-term future of freight rail might be one marked by collaboration, whether that's through private or public partnerships among other supply chain stakeholders or between the railroads themselves as they compete against the trucking industry, according to panelists at the Transportation Research Board annual meeting this week. One idea that continues to be discussed is that infrastructure investors are interested in developing giant rail industrial parks in North America, said James Miller, a partner with Deloitte Canada, during a Wednesday session.
- 01/12/2023
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CP's Executive Vice-President and Chief Marketing Officer to address the CIBC Western Institutional Investor Conference on Jan. 19, 2023
- CALGARY, AB , Jan. 12, 2023 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) Executive Vice-President and Chief Marketing Officer John Brooks will address the CIBC Western Institutional Investor Conference on Jan. 19, 2023, at 4:25 p.m. ET. CP will provide access to the live audio webcast at investor.cpr.ca.
- 01/12/2023
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My 6-Figure Market-Beating Dividend Growth Portfolio
- As requested by many, I decided to dedicate an article to my personal dividend growth portfolio, consisting of more than 90% of my net worth. I start by explaining my strategy and approach, followed by a discussion of the benefits that come with dividend (growth) investment strategies.
- 01/12/2023
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CP to report fourth-quarter 2022 earnings results on Jan. 31, 2023
- CALGARY, AB , Jan. 9, 2023 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) will release its fourth-quarter 2022 financial and operating results after the market close on Jan. 31, 2023. CP will discuss its results with the financial community in a conference call beginning at 4:30 p.m.
- 01/09/2023
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Restaurant Brands, Canadian Pacific Lead the Way for Ackman's Pershing Square
- After a bang-up year in 2021 for Bill Ackman (Trades, Portfolio)'s Pershing Square Capital, its performance in 2022 was hampered by rampant inflation, rising interest rates and other geopolitical factors.
- 01/06/2023
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7 Stocks to Buy as Infrastructure Spending Starts to Boom
- According to Patrick Tyler Brown, an investment bank Raymond James analyst, the U.S. federal government may deliver “a once-in-a-generation type infusion for infrastructure projects in [the] coming years.” Meanwhile, there are signs that billionaires and institutional investors are starting to pour money into infrastructure stocks ahead of the government's likely, huge spending spree.
- 12/28/2022
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2 Stocks Trading at a Discount in Ackman's Portfolio
- Billionaire investor Bill Ackman (Trades, Portfolio), head of Pershing Square Capital Management, is known for taking large positions in a handful of underperforming companies and pushing for change in order to unlock value for shareholders.
- 12/21/2022
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Is the Options Market Predicting a Spike in Canadian Pacific (CP) Stock?
- Investors need to pay close attention to Canadian Pacific (CP) stock based on the movements in the options market lately.
- 12/21/2022
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Watch these rail stocks in 2023, says Evercore
- An analyst firm has come out with some rail stocks to watch in 2023, now that concerns about a disruptive strike have ebbed. President Joe Biden signed a bill earlier this month imposing a deal on rail-freight workers.
- 12/20/2022
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Class I railroads earn environmental accolades
- A number of Class I railroads have recently earned recognition for efforts to follow guidelines promoting environmental, social and governance (ESG) values. Rail technology provider Wabtec also received accolades for its battery-electric locomotives.
- 12/13/2022
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Full Steam Ahead: Freight Railroads Likely To Return To Service For The Holidays
- There has been a threat of a freight railroad strike since early September. Railroads offer a unique combination of fuel efficiency and capacity, and there is no perfect substitute (especially with the current truck driver shortage).
- 11/29/2022
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4 Railroad Stocks to Capitalize on Strong Freight Demand
- The Zacks Transportation - Rail industry is gaining from a favorable freight environment. This bodes well for stocks like UNP, CP, CSX and NSC.
- 11/28/2022
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Canadian Pacific to KCS board: There's no basis to terminate our deal
- CNBC's Jim Cramer and David Faber discuss the latest over the battle for Kansas City Southern between Canadian Pacific and Canadian National Rail.
- 11/19/2022
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With U.S. economy at risk, here's how a national rail strike could start in December
- Key rail union votes and decisions are coming as UPS, retailers, and the U.S. economy prepare for a potential strike that could shut down the freight network.
- 11/17/2022
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CP CEO: KCS merger opens up Lazaro port as Pacific alternative
- NEW YORK — With the merger of Canadian Pacific and Kansas City Southern awaiting final U.S. government approval in 2023, the CEOs of both companies presented their case about the benefits of the deal Tuesday to an audience of rail executives. The presentations at Progressive Railroading's RailTrends conference by Keith Creel, CEO of Canadian Pacific (NYSE: CP), and Patrick Ottensmeyer, CEO of KCS, both highlighted on a screen the map that drove the $31 billion merger that was completed about a year ago.
- 11/15/2022
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Three-Stock Lunch: TSM, BBWI & CP
- Victoria Greene, founding partner and CIO at G Squared Private Wealth, joins 'Power Lunch' to discuss her picks for the Three-Stock Lunch: Taiwan Semi, Bath and Body Works, as well as Canadian Pacific.
- 11/15/2022
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Canadian Pacific Confirms My Bull Case And What It Means Going Forward
- Canadian Pacific did a tremendous job in its third quarter as it saw volume growth in key areas, rebounding grain shipments going into the fourth quarter, and 19% revenue growth. The company was able to report underperforming expenses growth, allowing the company to improve its operating ratio.
- 11/14/2022
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Canadian Pacific anticipates growth opportunities post-merger
- Canadian Pacific is eager to secure new business and expand existing opportunities as it gears up for a potential merger with Kansas City Southern in 2023, according to its executives during an earnings call to discuss the railway's third-quarter 2022 financial results. Shareholders of CP (NYSE: CP) and KCS approved the $31 billion merger in December 2021, and the deal now sits before the Surface Transportation Board for review.
- 10/27/2022
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Canadian Pacific (CP) Q3 Earnings Meet, Revenues Beat Mark
- Operating ratio at Canadian Pacific (CP) improves year over year in Q322.
- 10/27/2022
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Canadian Pacific Railway Limited (CP) Q3 2022 Earnings Call Transcript
- Canadian Pacific Railway Limited (NYSE:CP ) Q3 2022 Earnings Conference Call October 26, 2022 4:30 PM ET Company Participants Chris de Bruyn – Managing Director-Investor Relations and Treasury Keith Creel – President and Chief Executive Officer John Brooks – Chief Marketing Officer and Executive Vice President Maeghan Albiston – Vice President Capital Markets Conference Call Participants Chris Wetherbee – Citi Fadi Chamoun – BMO Capital Markets Jon Chappell – Evercore ISI Walter Spracklin – RBC Capital Markets Tom Wadewitz – UBS Justin Long – Stephens Ken Hoexter – Bank of America Scott Group – Wolfe Research Steven Hansen – Raymond James Jason Seidl – Cowen and Company Konark Gupta – Scotia Capital Ari Rosa – Credit Suisse Brian Ossenbeck – JPMorgan Bascome Majors – Susquehanna Operator Good afternoon. My name is Gretchen, and I will be your conference operator today.
- 10/26/2022
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Canadian Pacific (CP) Meets Q3 Earnings Estimates
- Canadian Pacific (CP) delivered earnings and revenue surprises of 0% and 4.89%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 10/26/2022
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Avoid Canadian Pacific Stock Ahead Of Q3 Earnings
- Canadian Pacific has seen a material slowdown in revenue ton-mile compared to the same time in 2021. Financial results have so far reflected this slowdown in the business. In spite of this, CP stock is trading near record valuations. The market is pricing in a dramatic reversal in the back half of the year.
- 10/26/2022
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CSX to Report Q3 Earnings: Will It Surpass Expectations?
- CSX third-quarter 2022 revenues are expected to have benefited from segmental strength.
- 10/12/2022
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Bill Ackman's Top Undervalued Growth Stocks
- Bill Ackman (Trades, Portfolio)'s Pershing Square runs a concentrated portfolio, focusing on taking large stakes in a small number of well-researched companies that it deems to be fundamentally strong but underperforming in the short term.
- 09/27/2022
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CP to report third-quarter 2022 earnings results on Oct. 26, 2022
- CALGARY, AB , Sept. 27, 2022 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) will release its third-quarter 2022 financial and operating results after the market close on Oct. 26, 2022.
- 09/27/2022
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The Global Supply Chain Reconfiguration And Canadian Pacific
- The first half of this article is focused on global supply chain reconfigurations, which benefit North American nations for decades to come. My favorite long-term investment in this space is Canadian Pacific. This railroad will soon have access to Canada, the US, and Mexico, allowing it to build a top-tier network.
- 09/26/2022
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U.S. railroad strike hinges on dispute over attendance policies
- One of the labor unions representing U.S. railroad workers said Wednesday its members rejected a tentative agreement its leaders had reached, a setback in efforts to avoid a potential strike that would disrupt the movement of goods across the country.
- 09/14/2022
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US railways to halt grain shipments ahead of potential shutdown, agriculture sources
- U.S. railroads will start halting crop shipments on Thursday, a day ahead of a potential work stoppage. Railroads have until Friday to reach deal with holdout unions.
- 09/14/2022
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Railroads say they won't lock out workers as negotiators meet with Labor Secretary Walsh
- Railroads have already started diverting freight. A strike could cost the U.S. economy more than $2 billion a day.
- 09/14/2022
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Countdown to massive rail strike
- CNBC's Lori Ann Larocco reports on a pending rail strike. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Julie Biel, Tim Seymour and Brian Kelly.
- 09/13/2022
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4 Top Railroad Stocks to Benefit from Strong Freight Demand
- The Zacks Transportation - Rail industry is gaining from a favorable freight environment. This bodes well for stocks like UNP, CP, CSX and NSC.
- 08/31/2022
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Canadian Pacific gets regulatory OK on KCS deal, secures labor agreement
- Canadian Pacific has received permission from U.S. federal regulators to pursue its acquisition of Kansas City Southern, the railway announced Tuesday. The Committee on Foreign Investment in the United States granted the regulatory clearance.
- 08/16/2022
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STB: Train noise could be biggest environmental impact from CP-KCS merger
- Train noise could be the largest impact to the environment should the merger between Canadian Pacific and Kansas City Southern come to fruition, according to a draft environmental impact statement (EIS) released by the Surface Transportation Board. STB's Office of Environmental Analysis (OEA), which conducted the study, “has concluded that, apart from train noise, which could result in adverse impacts at some locations, the potential adverse impacts of the proposed acquisition would be negligible, minor and/or temporary,” according to the draft EIS released Friday.
- 08/08/2022
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Ackman's Pershing Square Is Trading at a 30% Discount
- Like most markets, the London Stock Exchange has a wide range of funds to choose from. Investors with the ability to invest here can find two large funds as constituents of the FTSE 100.
- 08/03/2022
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Why Canadian Pacific (CP) Stock is Up Since Q2 Earnings Release
- Upbeat freight revenues boost Canadian Pacific's (CP) Q2 results.
- 08/02/2022
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Canadian Pacific CEO defends PSR, eager for merger with KCS
- Deploying precision scheduled railroading (PSR) is an art and a process, and the operational model shouldn't be blamed for poor rail service, Canadian Pacific President and CEO Keith Creel told investors during a second-quarter 2022 earnings call Thursday.
- 07/28/2022
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Canadian Pacific Railway Ltd (CP) CEO Keith Creel on Q2 2022 Results - Earnings Call Transcript
- Canadian Pacific Railway Ltd (NYSE:CP ) Q2 2022 Earnings Conference Call July 28, 2022 8:30 AM ET Company Participants Maeghan Albiston - VP, Capital Markets Keith Creel - CEO, President & Director John Brooks - EVP & CMO Nadeem Velani - EVP & CFO Conference Call Participants Thomas Wadewitz - UBS Fadi Chamoun - BMO Capital Markets Walter Spracklin - RBC Capital Markets Kenneth Hoexter - Bank of America Merrill Lynch Brian Ossenbeck - JPMorgan Chase & Co. Brandon Oglenski - Barclays Bank Jonathan Chappell - Evercore ISI Bascome Majors - Susquehanna Financial Group Scott Group - Wolfe Research Jason Seidl - Cowen and Company Christian Wetherbee - Citigroup Amit Mehrotra - Deutsche Bank Operator Good morning. My name is Stephanie, and I will be your conference operator today.
- 07/28/2022
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Canadian Pacific (CP) Beats Q2 Earnings and Revenue Estimates
- Canadian Pacific (CP) delivered earnings and revenue surprises of 7.25% and 3.27%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 07/28/2022
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Regulators to conduct hearing on CP's plan to merge with KCS
- The Surface Transportation Board will conduct a three-day hearing in September on the proposed merger between Canadian Pacific and Kansas City Southern in order to speak directly with the railways, as well as any other interested parties, about issues that have arisen during the proceeding. “I have strongly favored public hearings in our proceedings, which not only allow the board members to deeply explore the issues with our stakeholders but also advance transparency into our decision-making,” STB Chairman Marty Oberman said in a news release.
- 07/25/2022
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Surface Transportation Board receives earful on CP-KCS merger
- The Surface Transportation Board has been receiving testimony on the proposed merger between Canadian Pacific and Kansas City Southern — and it's been an earful. Shareholders of CP (NYSE: CP) and KCS approved the $31 billion deal in December and the merger is now before STB for review.
- 07/19/2022
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Railroads Are a Solid Defensive Investment
- Investing in the current environment is challenging, and there is really no other way of putting it. There are substantial macroeconomic headwinds that threaten to hit growth and curb investment plans, which will have knock-on effects on other industries.
- 07/19/2022
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3 Bill Ackman stocks to buy and hold for long-term gains
- Bill Ackman is having a bad year as most of his stock holdings crash. In the UK, Pershing Square Holdings' share price has dropped by over 20% from its highest level in 2021.
- 07/08/2022
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CP to report second-quarter 2022 earnings results on July 28, 2022
- CALGARY, AB , July 5, 2022 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) will release its second-quarter 2022 financial and operating results at 8 a.m. ET (6 a.m.
- 07/05/2022
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Why I Bought More Canadian Pacific
- I am consistently adding to Canadian Pacific, one of North America's largest Class I railroads. The company benefits from a large footprint in agriculture and the pending merger, connecting Canada, the United States, and Mexico.
- 06/30/2022
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FMC commissioners want rail regulators to reject CP-KCS merger
- Three commissioners with the Federal Maritime Commission want the Surface Transportation Board to reject Canadian Pacific's plan to merge with Kansas City Southern, saying the merger could divert intermodal traffic from U.S. ports to Canadian ones, according to a letter to the board on Tuesday. “While there might be economic benefits to certain shipper organizations and locations in the United States … there will be greater negative impacts relating to employment and long-term investment affecting intermodal shipments through U.S. ports,” said commissioners Carl W.
- 06/23/2022
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Here's Why You Should Retain Canadian Pacific (CP) Stock Now
- Buyout of Kansas City Southern and shareholder-friendly efforts boost Canadian Pacific (CP). However, high debt is worrisome.
- 06/06/2022
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Canadian Pacific (CP) Signs Multi-Year Agreement With CMA CGM
- Canadian Pacific's (CP) alignment with CMA CGM creates natural synergies, driving sustainability and innovation.
- 06/01/2022
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Canadian Pacific (CP) Down 7.4% Since Last Earnings Report: Can It Rebound?
- Canadian Pacific (CP) reported earnings 30 days ago. What's next for the stock?
- 05/27/2022
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Billionaire Bill Ackman Issues High Inflation Warning. Here's What He's Betting On.
- Bill Ackman just offered two solutions for curbing inflation. The first involves raising rates.
- 05/24/2022
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CP's Executive Vice-President and Chief Financial Officer to address investor conferences in May
- CALGARY, AB , May 10, 2022 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) Executive Vice-President and Chief Financial Officer Nadeem Velani will address the following investor conferences in May: May 17, 2022 - RBC Capital Markets Canadian Automotive, Industrials and Transportation Conference at 2:50 p.m. ET in Toronto May 18, 2022 - BofA Securities 29th Annual Transportation, Airlines and Industrials Conference at 8:40 a.m.
- 05/10/2022
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Canadian Pacific's (CP) Q1 Earnings & Revenues Decline Y/Y
- Softness in freight revenues hurts Canadian Pacific's (CP) Q1 results.
- 04/28/2022
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Canadian Pacific eyes early 2023 federal approval of KCS acquisition
- Canadian Pacific still expects federal approval of its planned acquisition of Kansas City Southern to occur sometime within the next 12 months, despite a recent pause in the proceeding. CP (NYSE: CP) anticipates that a ruling from the Surface Transportation Board will come by early 2023 at the latest, President and CEO Keith Creel told investors during CP's first-quarter 2022 earnings call.
- 04/28/2022
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4 Railroad Stocks to Watch Amid Industry's Rosy Near-Term Outlook
- Despite headwinds, healthy freight demand makes the Zacks Transportation - Rail industry's near-term prospects appear bright. Amid this positivity, UNP, CSX, CP and NSC are poised for growth.
- 04/28/2022
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Canadian Pacific Railway Limited (CP) CEO Keith Creel on Q1 2022 Results - Earnings Call Transcript
- Canadian Pacific Railway Limited (NYSE:CP ) Q1 2022 Earnings Conference Call April 27, 2022 4:30 PM ET Company Participants Maeghan Albiston - Vice President of Capital Markets Keith Creel - President & Chief Executive Officer John Brooks - Executive Vice President & Chief Marketing Officer Nadeem Velani - Executive Vice President & Chief Financial Officer Mike Upchurch - Chief Financial Officer, Kansas City Southern Conference Call Participants Jon Chappell - Evercore ISI Fadi Chamoun - BMO Chris Wetherbee - Citi Walter Spracklin - RBC Capital Markets Tom Wadewitz - UBS Ken Hoexter - Bank of America Scott Group - Wolfe Research Konark Gupta - Scotiabank Brandon Oglenski - Barclays Jason Seidl - Cowen Benoit Poirier - Desjardins Bank Brian Ossenbeck - JPMorgan Steve Hansen - Raymond James Operator Good afternoon. My name is Leo and I'll be your conference operator today.
- 04/27/2022
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Analysts Estimate Canadian Pacific (CP) to Report a Decline in Earnings: What to Look Out for
- Canadian Pacific (CP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/20/2022
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Q1 rail earnings preview: Service metrics, headcount, macro uncertainties
- As the Class I railroads gear up for earnings season this week and next, commentary about the first quarter of 2022 will likely include discussion about how the railroads' recent hiring initiatives will translate into improving service metrics in the second half of the year. However, a potential softening in freight transportation demand plus higher inflation rates are market factors that could weigh on the second half of 2022.
- 04/19/2022
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CP to report first-quarter 2022 earnings results on April 27, 2022
- CALGARY, AB, April 4, 2022 Canadian Pacific (TSX: CP) (NYSE: CP) will release its first-quarter 2022 financial and operating results after the market close on April 27, 2022. CP will discuss its results with the financial community in a conference call beginning at 4:30 p.m.
- 04/04/2022
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Investing in Railroad Stocks
- A guide to the businesses that keep America rolling.
- 03/22/2022
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Canadian Pacific (CP) Reaches Agreement to End Work Stoppage
- Canadian Pacific's (CP) deal with the labor union is a welcoming sign, given the already stressed supply-chain situation in Canada.
- 03/22/2022
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CP to resume operations after railroad, Teamsters agree to binding arbitration
- Canadian Pacific Railway said it will resume operations after reaching an agreement with Teamsters Canada Rail Conference to resolve their labor dispute through binding arbitration. CP (NYSE:CP) and the Teamsters announced the deal early Tuesday, a little more than two days after the company shut down its rail network at the start of a work stoppage.
- 03/22/2022
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Canadian Pacific and union still far apart on agreement, says Teamsters Canada
- The labor union representing Canadian Pacific Railway's employees said on Friday that negotiations with management after the company issued a lockout notice remain difficult, and the parties were still far from reaching an agreement.
- 03/18/2022
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Canadian Pacific Railway's potential lockout would leave shippers few options
- Days ahead of a possible shutdown of Canadian Pacific Railway Ltd due to unresolved contract talks, manufacturers are rushing to move autos and chemicals and preparing to slow production, while grain handlers are asking farmers to hold off on crop deliveries.
- 03/17/2022
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Canadian Pacific (CP) to Pause Operations if Union Talks Fail
- Canadian Pacific (CP) plans to lock out employees on Mar 20, 2022, if there is no agreement with the union.
- 03/17/2022
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Canadian Pacific threatens lockout of Teamsters members
- Canadian Pacific has notified the Teamsters Canada Rail Conference (TCRC) that it will lock out its members right after Sunday midnight if the sides fail to either negotiate a settlement or agree to binding arbitration for a new labor agreement. CP (NYSE: CP) decided to take this action to prevent prolonged uncertainty.
- 03/16/2022
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Canadian Pacific to lock out employees in 72 hours if talks with union fail
- Canadian Pacific Railway will lock out its employees in 72 hours if there is no agreement with a union, the company said on Wednesday, a move that would potentially disrupt the movement of grain, potash and coal at a time of soaring commodity prices.
- 03/16/2022
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Canadian Pacific, Teamsters still negotiating wages, benefits
- Canadian Pacific and the Teamsters Canada Rail Conference (TCRC) are still negotiating over the terms of a new collective agreement, both sides said early Wednesday. Should negotiations fail, TCRC members could go on strike following a 72-hour advanced strike notice to CP (NYSE: CP).
- 03/16/2022
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North Dakota senator, trade groups seek to prevent Canadian Pacific strike
- U.S. Sen. Kevin Cramer, R-N.D.
- 03/15/2022
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Ackman's Pershing Square is back at Canadian Pacific. This is what could be ahead for the railroad
- Bill Ackman's Pershing Square recently announced a new position in Canadian Pacific, a company the hedge fund helped overhaul years ago.
- 03/12/2022
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Canadian Pacific Gets a Spotlight as Canada Becomes the Prize
- CP stock is a hot stock as investors seek exposure to Canada's commodities in the wake of Putin's War against Ukraine. The post Canadian Pacific Gets a Spotlight as Canada Becomes the Prize appeared first on InvestorPlace.
- 03/12/2022
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Bill Ackman Is Following Warren Buffett Into Railway Stocks
- Bill Ackman (Trades, Portfolio) is a legendary invester who modeled his original investment style on Warren Buffett (Trades, Portfolio) before becoming an activist style investor.
- 03/11/2022
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Paul Tudor Jones Boosts 4 Holdings in 4th Quarter
- Paul Tudor Jones (Trades, Portfolio), founder and chief investment officer of Tudor Investment Group, disclosed in a regulatory 13F filing that its top trades during the fourth quarter of 2021 included boosts to his firm's holdings of IHS Markit Ltd. ( INFO , Financial), Nuance Communications Inc. ( NUAN , Financial), Apple Inc. ( AAPL , Financial) and Vonage Holdings Corp. ( VG , Financial).
- 03/08/2022
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Bill Ackman Goes All Aboard on Canadian Pacific Railway
- Billionaire investor Bill Ackman (Trades, Portfolio) revealed a stake in Canadian Pacific Railway Ltd. ( CP , Financial) earlier this week, returning to one of his most successful bets after selling out in the third quarter of 2016.
- 03/08/2022
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Activist investor confirms taking 2.8 million shares in Canadian Pacific
- Pershing Square Capital Management, a New York-based hedge fund founded by CEO Bill Ackman, had acquired 2.8 million shares of Canadian Pacific, with a value of $202.4 million, by the end of 2021, according to a Monday 13F filing with the U.S. Securities and Exchange Commission. Pershing Square had omitted the share acquisition from a Feb. 14 filing following a request for confidential treatment, which was subsequently withdrawn Friday.
- 03/08/2022
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Billionaire investor Bill Ackman reveals a $1.2 billion bet on Canadian Pacific Railway
- Ackman's Pershing Square hedge fund has exposure to 14.8 million shares of the railroad company through stock and forward contracts.
- 03/08/2022
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Union members at Canadian Pacific could go on strike March 16
- Members of the Teamsters Canada Rail Conference (TCRC) voted 96.7% to go on strike starting just after midnight EST on March 16 should talks fail between both parties, according to a release. The potential strike would affect more than 3,000 locomotive engineers, conductors, trainpersons and yardpersons working at CP (NYSE: CP).
- 03/04/2022
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Shippers: CP-KCS merger could reduce competition at interchanges
- Contrary to assertions by Canadian Pacific and Kansas City Southern, shipper groups' filings with the Surface Transportation Board say that the railroads' proposed merger could harm competition in a number of ways, according to filings submitted to the Surface Transportation Board. CP is seeking approval from federal regulators of its $31 billion merger with KCS.
- 03/03/2022
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CN, other Class I railroads push back on CP-KCS merger
- Four Class I railroads say federal regulators should not approve Canadian Pacific's plan to merge with Kansas City Southern without any strings attached. The railroads say the Surface Transportation Board must first place conditions on CP that would ensure shipper competition, according to filings submitted this week.
- 03/02/2022
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A Duo of Risky Picks That Could Pay Off
- The following stocks have underperformed the broader market recently. They are also in financial distress, as represented by low Altman Z-Scores, meaning that they could go bankrupt within the next two years.
- 02/28/2022
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Buying More Canadian Pacific
- Canadian Pacific has gone sideways for more than a year due to supply issues in 2021 and economic growth slowing that in 4Q21.
- 02/24/2022
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Chicago suburbs protest planned CP-KCS merger
- Eight Chicago suburbs are seeking to prevent the merger between Canadian Pacific and Kansas City Southern from happening, saying that the additional traffic coming from the merger would create more gridlock from blocked crossings and could cause environmental harm to their communities. Local officials representing the communities of Bartlett, Bensenville, Elgin, Itasca, Hanover Park, Roselle, Schaumburg and Wood Dale say they will collectively file their objections with the Surface Transportation Board next Monday.
- 02/23/2022
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STB asks competing lines to detail concessions sought on CP-KCS merger
- The Surface Transportation Board can't yet determine whether proposed remedies sought by BNSF and CN over potential operational impacts stemming from the Canadian Pacific–Kansas City Southern merger would be “minor” or “significant” transactions. The board defines minor transactions as those that “clearly” have no anticompetitive effects or those in which any such impacts are outweighed by the transaction's anticipated contribution to the public interest in meeting significant transportation needs.
- 02/21/2022
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CP President and Chief Executive Officer to address investor conferences in February
- CALGARY, AB, Feb. 15, 2022 /PRNewswire/ - Canadian Pacific's (TSX: CP) (NYSE: CP) President and Chief Executive Officer, Keith Creel, will address the following conferences in Miami, Fla.: Feb. 22, 2022 – Citi's 2022 Global Industrial Tech and Mobility Conference at 11:20 a.m.
- 02/15/2022
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Union members mull strike at Canadian Pacific
- The Teamsters Canada Rail Conference (TCRC) plans to poll 3,000 members at Canadian Pacific on whether members should go on strike. The results of the poll will be tabulated by the end of February.
- 02/10/2022
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Canadian Pacific's (CP) Q4 Earnings Miss, Revenues Beat
- Canadian Pacific's (CP) Q4 results benefit from higher freight revenues, partly offset by an increase in operating expenses.
- 01/28/2022
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Canadian Pacific Railway's (CP) CEO Keith Creel on Q4 2021 Results - Earnings Call Transcript
- Canadian Pacific Railway's (CP) CEO Keith Creel on Q4 2021 Results - Earnings Call Transcript
- 01/27/2022
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Will High Costs Mar Canadian Pacific's (CP) Q4 Earnings?
- High operating expenses are likely to have hurt Canadian Pacific's (CP) Q4 performance.
- 01/21/2022
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Canadian Pacific (CP) Reports Next Week: What You Should Expect
- Canadian Pacific (CP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/20/2022
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Ballard Bags Additional Order To Support Canadian Pacific's Hydrogen Locomotive Program Expansion
- Ballard Power Systems Inc (NASDAQ: BLDP) received an order for eight additional 200 kW fuel cell modules to support the expansion of the Canadian Pacific Railway Ltd's (NYSE: CP) Hydrogen Locomotive Program from one to three locomotives. Inclusive of Ballard's announcement in March 2021, the company will provide a total of 14 fuel cell modules to support the program.
- 01/19/2022
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Why is It Better to Ditch Canadian Pacific (CP) Stock Now?
- Canadian Pacific's (CP) decision to lower 2021 earnings per share projection does not bode well.
- 01/17/2022
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CP Executive Vice-President and Chief Financial Officer to address the CIBC Western Institutional Investor Conference on Jan. 21, 2022
- CALGARY, AB, Jan. 14, 2022 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) Executive Vice-President and Chief Financial Officer Nadeem Velani will address the CIBC Western Institutional Investor Conference on Jan. 21, 2022, at 10:05 a.m. ET. CP will provide access to the live audio webcast at investor.cpr.ca.
- 01/14/2022
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CN wants Kansas City Southern's Springfield Line after CP-KCS merger
- Canadian railway CN wants Canadian Pacific to divest the Springfield Line in Missouri and Illinois as a condition for obtaining federal regulatory approval of the proposed merger of CP and Kansas City Southern — an idea CP quickly panned. CN (NYSE: CNI) said in a Wednesday filing with the Surface Transportation Board that following CP's divestment, CN would take over the line and invest in it.
- 01/13/2022
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New Strong Sell Stocks for January 13th
- CP, HALO, AMX, ESTA, and GEO have been added to the Zacks Rank #5 (Strong Sell) List on January 13, 2021.
- 01/13/2022
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Panelist: KCS-CP merger will still get a long look by STB
- WASHINGTON — A panel on rail consolidation at the annual meeting of the Transportation Research Board here weighed in on the proposed merger between Canadian Pacific and Kansas City Southern, with one member suggesting the deal faces significant scrutiny despite success in the initial stages. With the merger now awaiting federal approval, where the KCS-CP (NYSE: CP) combination fits on the spectrum of rail mergers was a key topic for the panel.
- 01/10/2022
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Wells Fargo Bumps Up Price Targets For Several Transportation Companies
- Wells Fargo analyst Allison Poliniak-Cusic raised price targets for several transportation companies. The analyst raised GATX Corp's (NYSE:GATX) price target to $120 (an upside of 18%) from $110 and maintained an Overweight rating on the shares.
- 01/10/2022
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Canadian Pacific, CSX nail down support for acquisitions
- The Class I railroads seeking to acquire or merge with other freight railroads want to prove to federal regulators and the broader public that their proposed acquisitions would benefit passenger rail and local communities. The support comes at a time when the Biden administration seeks to expand intercity passenger rail service, while last year's infrastructure package also addressed potential intercity rail opportunities.
- 01/07/2022
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CP to report fourth-quarter 2021 earnings results on Jan. 27, 2022
- CALGARY, AB , Jan. 5, 2022 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) will release its fourth-quarter 2021 financial and operating results after the market close on Jan. 27, 2022. CP will discuss its results with the financial community in a conference call beginning at 4:30 p.m.
- 01/05/2022
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Canadian Pacific (CP) Extends Contract With Canadian Tire
- Canadian Pacific (CP) aims to continue to move Canadian Tire's goods in Canada and reduce carbon emissions through a multi-year agreement.
- 12/29/2021
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My Top 10 Dividend Companies To Watch Out For In 2022
- Ten companies for the dividend investor across many different sectors with both high and low initial yields and a non-dividend payer to round off the list.
- 12/28/2021
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Canadian Pacific Inks Multi-Year Contract Extension With Canadian Tire
- Canadian Pacific Railway Ltd (NYSE: CP) and Canadian Tire Corp Ltd (OTC: CDNAF) entered a multi-year agreement to continue moving the retailer's goods in Canada. Deal terms were not disclosed.
- 12/28/2021
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Canadian Pacific (CP) Boosts Ties With Canpotex Via New Deal
- Canadian Pacific's (CP) new arrangement with Canpotex will be effective after the current 10-year deal expires next year.
- 12/27/2021
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Canadian rail potash pact, productivity rebound in British Columbia
- Canadian Pacific and CN provided export-related updates last week: Canadian Pacific renews relationship with potash producer Canpotex Canadian Pacific (NYSE: CP) has secured a seven-year contract with Canpotex to deliver export-bound potash. The contract, which runs through 2028, is a successor to the current 10-year agreement between CP and potash producer Canpotex that expires in 2022, CP said Thursday.
- 12/27/2021
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Canadian Pacific Railway, Canpotex Ink New Long-Term Agreement
- Canadian Pacific Railway Ltd (NYSE: CP) entered a new long-term agreement with Canpotex Limited. The new seven-year contract is a successor to the current, 10-year agreement between the companies, which expires in 2022.
- 12/23/2021
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CP, KCS now shipping heavy Canadian crude to Gulf Coast
- The bitumen-by-rail project to produce and transport a type of heavy Canadian crude oil to the U.S. Gulf Coast is now fully operational, according to project organizers US Development Group (USD) and Gibson Energy. USD and Gibson partnered to create a diluent recovery unit (DRU) to produce bitumen, a crude oil that has been altered in such a way that it can be categorized as a nonhazardous material for transport, per U.S. and Canadian regulatory standards.
- 12/16/2021
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Canadian Pacific's Megadeal for Kansas City Southern Is Done... Sorta
- The money is spent, but we still need to wait for regulators to weigh in.
- 12/15/2021
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CP, KCS await federal approval of now-complete merger
- Canadian Pacific has formally completed its acquisition of Kansas City Southern, and both are now waiting for the Surface Transportation Board to approve their merger. The merger's value is worth approximately US$31 billion.
- 12/14/2021
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Canadian Pacific Railway (CP) Stock: $80 Price Target From Deutsche Bank
- The shares of Canadian Pacific Railway Ltd (NYSE: CP) have received an $80 price target from Deutsche Bank. These are the details.
- 11/30/2021
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Mexican regulators approve CP-KCS merger
- The Mexican Federal Economic Competition Commission and the Mexican Federal Telecommunications Institute have given regulatory approval of the proposed merger between Canadian Pacific and Kansas City Southern, both companies announced Friday. CP (NYSE: CP) and KCS (NYSE: KSU) needed approval from Mexican regulators because KCS has operations in Mexico.
- 11/26/2021
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CP-KSU Deal Receives Positive Update From Regulatory Body
- The U.S. Surface Transportation Board accepts the merger application, submitted jointly by CP and KSU.
- 11/24/2021
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Surface Transportation Board OKs CP-KCS merger application, sets schedule
- The Surface Transportation Board has decided that the merger application between Canadian Pacific and Kansas City Southern can proceed as submitted, saying that the application “is complete as it contains all information required by the Board's regulations.” STB's decision includes a procedural schedule for comments, responsive applications, final briefs and other filings.
- 11/23/2021
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CN to reopen route to Vancouver to limited traffic
- Canadian railway CN expects to reopen the Kamloops-Vancouver corridor to some traffic early Wednesday as the region recovers from last week's extensive flooding. “The situation in British Columbia continues to keep our crews engaged as they work to bring critical sections of the railway back into operation,” CN (NYSE: CNI) said in a statement provided to FreightWaves.
- 11/23/2021
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CP to resume Vancouver rail service Tuesday
- Canadian Pacific plans to restore service in British Columbia on Tuesday in a reprieve for the backlogged Port of Vancouver, which has been cut off from the rails for over a week following floods and landslides that devastated the province. CP (NYSE:CP) said Monday that it expects to reopen its railway from Kamloops to Vancouver by midday and will be working to “clear the backlogs as quickly and efficiently as possible.
- 11/22/2021
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Freight Revenues Aid Canadian Pacific (CP), High Debt Ails
- Recovery in freight-market conditions boosts Canadian Pacific (CP). High debt and escalating expenses are a headwind.
- 11/18/2021
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Surface Transportation Board wants input on hot topics
- Board seeks to create an environmental impact statement on proposed CP-KCS merger An office within the Surface Transportation Board plans to prepare an environmental impact statement (EIS) on Canadian Pacific's (NYSE: CP) proposed acquisition of Kansas City Southern (NYSE: KSU). STB's Office of Environmental Analysis on Friday issued a notice of intent to produce the EIS because “the proposed acquisition has the potential to result in environmental impacts,” STB said.
- 11/12/2021
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3 Stocks With a Record of Operating Income Margin Growth
- When the operating income margin continues to grow, it means a company is becoming more efficient in generating profits from its operating activities.
- 11/11/2021
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3 Railroad Stocks to Board Before a Breakout
- Railroads aren't flashy or exciting. But they're still a key transportation artery and stocks of railway companies remain a solid and dependable if unspectacular investment The post 3 Railroad Stocks to Board Before a Breakout appeared first on InvestorPlace.
- 11/03/2021
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Canadian Pacific courts customers weary of Southern California port congestion
- With congestion at the ports of Los Angeles and Long Beach poised to extend into 2022, Canadian Pacific is seeking opportunities among customers and even with the steamship lines to divert traffic to western Canada and Atlantic Canada ports, CP's executives said during the railway's third-quarter earnings call on Wednesday. “Many of the steamship lines were apprehensive to make, or attempt to make, massive changes in terms of their flows, hoping that this [congestion] would be fairly short term in nature,” said CP Chief Marketing Officer John Brooks in a call with transportation analysts.
- 10/20/2021
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Canadian Pacific Railway Limited (CP) CEO Keith Creel on Q3 2021 Results - Earnings Call Transcript
- Canadian Pacific Railway Limited (CP) CEO Keith Creel on Q3 2021 Results - Earnings Call Transcript
- 10/20/2021
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Canadian Pacific (CP) Misses Q3 Earnings and Revenue Estimates
- Canadian Pacific (CP) delivered earnings and revenue surprises of -6.67% and -1.70%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 10/20/2021
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Canadian Pacific Railway Clocks 4% Revenue Growth In Q3; Cuts FY21 Volume Growth Outlook
- Canadian Pacific Railway Ltd (NYSE: CP) reported third-quarter revenue growth of 4.2% year-over-year to C$1.94 billion. Adjusted EPS improved 7% to C$0.88 from C$0.82 in 3Q20.
- 10/20/2021
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Canadian Pacific Railway Limited declares dividend
- CALGARY, AB, Oct. 19, 2021 /PRNewswire/ - The Board of Directors of Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today declared a quarterly dividend of $0.19 per share on the outstanding Common Shares. The dividend is payable on Jan. 31, 2022 to holders of record at the close of business on Dec. 31, 2021, and is an "eligible" dividend for purposes of the Income Tax Act (Canada ) and any similar provincial/territorial legislation.
- 10/19/2021
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Canadian Pacific (CP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Canadian Pacific (CP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/13/2021
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Railroads Save Fuel
- Railroads are about 4 times more fuel efficient than trucks with respect to moving freight. Railroads keep getting even more fuel efficient over time.
- 10/07/2021
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CP to report third-quarter 2021 earnings results on Oct. 20, 2021
- CALGARY, AB, Oct. 5, 2021 Canadian Pacific (TSX: CP) (NYSE: CP) will release its third-quarter 2021 financial and operating results at 7:30 a.m. ET (5:30 a.m.
- 10/05/2021
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CN, Canadian Pacific foresee lower grain volumes, colder-than-normal winter
- Colder weather and lower grain volumes are just some of the issues that Canadian railways CN and Canadian Pacific anticipate as winter approaches, according to the winter operational plans that both submitted to the Canadian government. The railways are required to submit the plans under the Canada Transportation Act.
- 10/04/2021
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Surface Transportation Board OKs amended CP-KCS voting trust
- The Surface Transportation Board has affirmed its previous approval of a voting trust that Canadian Pacific would use as part of the process to acquire Kansas City Southern. The board had first approved CP's (NYSE: CP) proposed voting trust in May.
- 10/01/2021
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Canadian Pacific (CP) Stock Down 4.4% Year to Date: Here's Why
- Weak liquidity position and higher expenses hurt Canadian Pacific (CP) shares.
- 09/29/2021
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Operating Ratio Improvement Aids Railroads: An Analysis
- The likes of Union Pacific (UNP) and Norfolk Southern (NSC) expect their respective operating ratios to improve for the full year.
- 09/28/2021
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Kansas City Southern and Canadian Pacific CEOs on mega railroad merger
- CNBC's "Squawk on the Street" team discusses a big merger between rail companies with Kansas City Southern CEO Patrick Ottensmeyer and Canadian Pacific CEO Keith Creel.
- 09/16/2021
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CP to Acquire KSU as CNI Backs out From the Buyout Fray
- The CP- KSU $31-billion deal is expected to close in the first quarter of 2022.
- 09/16/2021
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KCS agrees to merge with CP, nixes plans with CN
- The love triangle appears to have ended: Kansas City Southern has terminated plans to merge with Canadian railway CN and has agreed to merge with rival suitor Canadian Pacific. CP and KCS confirmed Wednesday that they have entered into a merger agreement, in which CP will acquire KCS in a stock and cash transaction worth $31 billion.
- 09/15/2021
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Kansas City Southern Reverses Course, Favors Canadian Pacific Again
- The battle to create a North American railroad might be nearing its endgame.
- 09/14/2021
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Canadian Pacific: This Is Looking Very Good
- Canadian Pacific is moving very close to a possible KSU merger, as there seems to be no other way for KSU than to accept CP's attractive proposal. While the deal comes with financial uncertainty for many reasons, I have little doubt that a future CPKC company will deliver outperforming value for its shareholders.
- 09/14/2021
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Is KSU Likely to Accept Canadian Pacific's Takeover Offer?
- Per management, Kansas City Southern (KSU) will nullify the deal inked with Canadian National, if the latter does not come up with a better offer by Sep 17.
- 09/13/2021
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KC Southern determines Canadian Pacific bid to be superior
- The "Squawk on the Street" team discusses the battle to acquire Kansas City Southern.
- 09/13/2021
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KCS declares Canadian Pacific's merger offer as ‘superior'
- Kansas City Southern's board of directors confirmed that it has declared Canadian Pacific's bid to acquire KCS as “superior,” thus diminishing the prospects of an acquisition by rival CN. “The KCS Board of Directors determined that CP's revised proposal constitutes a ‘Company Superior Proposal' as defined in KCS's merger agreement with Canadian National Railway,” KCS said Sunday.
- 09/12/2021
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Kansas City Southern picks Canadian Pacific's $31 billion bid for railroad
- Kansas City Southern has decided that a $31 billion bid from Canadian Pacific is the best of two offers on the table to buy the railroad.
- 09/12/2021
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Kansas City Southern determines Canadian Pacific bid superior to other offer
- (Reuters) -Kansas City Southern said on Sunday it has received a revised proposal from Canadian Pacific, which the board determined was superior to the offer from Canadian National Railway.
- 09/12/2021
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CP Offer for KCS Declared "Company Superior Proposal" by KCS Board
- CP looks forward to executing definitive merger agreement with KCS CALGARY, AB, Sept. 12, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today announced that it has completed negotiations of a proposed merger agreement with Kansas City Southern ("KCS"), which the KCS Board of Directors has deemed a "Company Superior Proposal.
- 09/12/2021
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Maersk and Canadian Pacific open Vancouver transload facility
- A transload facility at Vancouver developed by Maersk and Canadian Pacific is open for business. The new Pacific Transload Express facility will bring more speed and agility to demand fluctuations while also reducing demurrage and detention costs, Maersk touted Thursday.
- 09/09/2021
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Kansas City Southern in talks on Canadian Pacific's $31B bid
- Kansas City Southern is in talks with Canadian Pacific to determine whether its $31 billion bid for the railroad is the best offer on the table after regulators rejected a key part of Canadian National's $33.6 billion bid last week.
- 09/07/2021
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KSU to Reconsider CP's $31 Billion Offer, To Open a Dialogue
- Kansas City Southern's (KSU) willingness to interact over its takeover by Canadian Pacific (CP) pleases the latter.
- 09/06/2021
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CP looks forward to re-engaging with KCS to form CP-KCS, the only achievable Class 1 combination
- Welcomes KCS Board of Directors' Determination that CP's Offer Reasonably Expected to Lead to "Company Superior Proposal" CALGARY, AB, Sept. 4, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today said it is ready to re-engage with the Kansas City Board of Directors following its determination that CP's revised offer can reasonably be expected to lead to a "Company Superior Proposal.
- 09/04/2021
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KCS punts merger vote until late September
- Kansas City Southern shareholders are holding off on voting on merger proposals from CN and, apparently, Canadian Pacific until late September. The announcement of the postponement referenced votes “on the previously announced definitive merger agreement with CN … and other proposals ….
- 09/03/2021
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KCS shareholders in hot seat as CP sets deadline on merger offer
- It's up to Kansas City Southern's shareholders now to determine whether the railway will continue its plan to merge with CN or revert to Canadian Pacific. CP President and CEO Keith Creel is standing firm on a Sept.
- 09/01/2021
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Canadian Pacific Aims to Win Kansas City Southern in Railroad Merger Battle
- After U.S. regulators rejected a rival offer from Canadian National for KCS, Canadian Pacific set a Sept. 12 deadline for its offer.
- 09/01/2021
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CNI Faces Regulatory Setback on Proposed Acquisition of KSU
- Canadian National's (CNI) shares rise despite the regulatory ruling against its plan to set up a voting trust.
- 09/01/2021
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STB Unanimously Rejects CN Voting Trust Leaving KCS in Position to Choose CP as the Right Partner
- CN-KCS merger proposal proven illusory as STB notes significant threats to competition A CP-KCS combination offers short- and long-term value with regulatory certainty and CP today has written KCS board to affirm August 10 CP offer CALGARY, AB, Aug. 31, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today said the Surface Transportation Board's ("STB") decision to refuse Canadian National ("CN") and Kansas City Southern's ("KCS") joint motion for voting trust approval is the right one for rail shippers, the freight rail industry and the North American economy. "The STB decision clearly shows that the CN-KCS merger proposal is illusory and not achievable," said Keith Creel, CP President and CEO.
- 08/31/2021
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KSU Postpones Shareholder Vote on Acquisition by CNI to Sep 3
- The decision to defer the meeting allows Kansas City Southern's (KSU) shareholders to review the impending regulatory decision minutely.
- 08/20/2021
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CP Applauds KCS Board's Action to Adjourn Stockholder Meeting so Stockholders Can Fully Consider an STB Decision on CN Voting Trust
- CALGARY, AB, Aug. 19, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today issued the following statement on the Kansas City Southern ("KCS") Board of Directors' action today to postpone its Aug. 19 special meeting of stockholders to Sept. 3: By rightly postponing Thursday's meeting, the KCS Board of Directors appropriately will allow stockholders to have access to all the information needed before voting on the CN-KCS merger proposal, including the critical decision by the Surface Transportation Board ("STB") on the Canadian National ("CN") proposed voting trust.
- 08/19/2021
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KSU Not Tempted by CP's Revised Proposal, Sticks to CNI Offer
- Kansas City Southern (KSU) and Canadian National expect a favorable regulatory decision regarding the voting trust.
- 08/13/2021
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CP Welcomes Glass Lewis Call for KCS Stockholders to "ABSTAIN" From Voting to Approve CN-KCS Merger Proposal
- Second Proxy Advisor to Call on KCS Stockholders to Adjourn Stockholder Meeting; Provides Detailed Analysis Including That Some Investors May See Merger Proposals as "Equal at this Juncture" CALGARY, AB, Aug. 13, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today welcomed proxy advisor Glass Lewis & Co. LLC's (Glass Lewis) recommendation that Kansas City Southern ("KCS") stockholders "ABSTAIN" from voting to adopt the proposed merger agreement between KCS and Canadian National Railway Company ("CN"). Glass Lewis also noted that with CP's revised offer, investors may see the CN-KCS and CP-KCS proposals as "effectively equal at this juncture.
- 08/13/2021
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CP Commends Proxy Advisor ISS for Recommending KCS Stockholders "ABSTAIN" From Voting to Approve CN-KCS Merger Proposal
- Calls on Stockholders to Adjourn the Aug. 19 Stockholder Meeting Absent an STB Decision Unconditionally Approving the CN Voting Trust by Aug. 17 CALGARY, AB, Aug. 12, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today commended proxy advisor Institutional Shareholder Services Inc. ("ISS") for recommending KCS stockholders "ABSTAIN" from voting to approve the CN-KCS merger proposal. ISS said that "to ensure that shareholders are able to make a fully-informed decision" on the merger proposal and are able to fully understand any potential CN voting trust decision from the Surface Transportation Board ("STB"), stockholders are recommended to "ABSTAIN" on the vote for the merger agreement and continue to support the adjournment proposal.
- 08/13/2021
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Kansas City Southern rejects new bid from Canadian Pacific
- Kansas City Southern railroad is trying to keep its $33.6 billion merger with Canadian National on track by rejecting a competing $31 billion bid from rival Canadian Pacific earlier this week.
- 08/12/2021
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CP applauds KCS Board of Directors' Decision to Delay Stockholder Vote
- KCS Board Rightly Says Stockholders Should Have Benefit of the STB Decision to Make an Informed Decision and Be Able to Consider Alternative Proposals CP Offer Provides Greater Regulatory and Value Certainty CALGARY, AB, Aug. 12, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today issued the following statement on the announcement by the Kansas City Southern ("KCS") Board of Directors that it will adjourn its scheduled Aug. 19 special meeting of stockholders if the Surface Transportation Board ("STB") has not ruled on Canadian National Railway Company's ("CN") trust proposal by Aug. 17, 2021. We applaud the KCS Board of Directors' decision to adjourn the Aug. 19 stockholder meeting absent a decision from the STB to "give all shareholders and the Board time to receive and consider the STB decision.
- 08/12/2021
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Kansas City Southern Board of Directors Unanimously Determines Proposal from Canadian Pacific Railway Does Not Constitute a Superior Proposal to Its Agreement with CN
- KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (NYSE: KSU) (“KCS”) today announced that its Board of Directors (the “Board”), following a careful and thorough review in consultation with outside financial and legal advisors, has unanimously determined that the unsolicited proposal received from Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) ("CP") on August 10, 2021 to acquire KCS in a cash and stock transaction does not constitute a “Company Superior Proposal” and could not reas
- 08/12/2021
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A Rival Might Knock This Railroad Merger Off Track
- Canadian Pacific has submitted a new offer to buy Kansas City Southern.
- 08/11/2021
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Canadian Pacific formally bids to buy Kansas City Southern: should you invest now?
- Canadian Pacific Railway Ltd (NYSE:CP) shares edged more than 1% lower on Tuesday despite formally placing a bid to buy Kansas City Southern (NYSE:KSU) in an all-stock acquisition deal worth $31 billion, or $300 per share. If the deal is approved, Canadian Pacific could become the largest railway stock by market cap, with a combined […] The post Canadian Pacific formally bids to buy Kansas City Southern: should you invest now?
- 08/10/2021
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Canadian Pacific Makes New $27B Bid for KC Southern
- Canadian Pacific Railway made a new, higher bid for Kansas City Southern, looking to derail the railroad's pending merger with rival Canadian National Railway Co. Bloomberg's Dave Wilson has the latest on "Bloomberg Markets: The Close." (Source: Bloomberg)
- 08/10/2021
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Canadian Pacific plans new bid for Kansas City Southern: Sources
- CNBC's 'Squawk Box' team discusses the bidding war for Kansas City Southern.
- 08/10/2021
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Canadian Pacific raises offer for US railroad operator Kansas City Southern
- The bidding war for Kansas City Southern is heating up after Canadian Pacific Railway Ltd. raised its offer for the U.S. railroad operator.
- 08/10/2021
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Canadian Pacific submits revised offer to acquire Kansas City Southern
- This story is developing. Canadian Pacific has revised its offer to acquire Kansas City Southern ahead of a shareholder meeting in which KCS shareholders would have to confirm their desire to merge with CP rival CN.
- 08/10/2021
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Kansas City Southern stock jumps after Canadian Pacific submits 'superior' buyout bid
- Shares of Kansas City Southern KSU, -0.80% rallied 6.8% in premarket trading Tuesday, after Canadian Pacific Railway Ltd. CP, -1.06% CP, -0.87% confirmed that it has made what it believes is a "superior" buyout bid for the Missouri-based railroad operator.
- 08/10/2021
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Canadian Pacific sweetens offer for Kansas City Southern to $27.3 billion
- (Reuters) -Canadian Pacific Railway Ltd on Tuesday raised its offer for U.S. railroad operator Kansas City Southern by about $2 billion to $27.29 billion, deepening a bidding war with larger rival Canadian National Railway Co.
- 08/10/2021
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Canadian Pacific Submits Superior Proposal to Combine with Kansas City Southern
- Stock and Cash Transaction Representing an Enterprise Value of Approximately $31 Billion The Achievable, Pro-competitive CP-KCS Alternative Brings Compelling Short- and Long-term Value, More Regulatory Certainty CALGARY, AB, Aug. 10, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today announced it has submitted a superior proposal to acquire Kansas City Southern ("KCS") in a stock and cash transaction representing an enterprise value of approximately USD$31 billion 1, offering KCS stockholders an alternative recognizing the premium value of KCS while providing more regulatory certainty. The proposed transaction, which has the unanimous support of the CP Board of Directors, values KCS at $300 per share, representing a 34% premium2, based on the CP closing price on August 9, 2021 and KCS unaffected closing price on March 19, 2021.
- 08/10/2021
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Canadian Pacific plans new, higher bid for Kansas City Southern
- Canadian Pacific Railway Ltd. is planning to make a new, increased offer for Kansas City Southern, according to people familiar with the matter, reigniting a takeover battle with Canadian National Railway Co. for the coveted U.S. railroad.
- 08/09/2021
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Canadian Pacific (CP) Sets Record in 2020-2021 Crop Year
- Canadian Pacific (CP) moves 30.62 million metric tonnes of Canadian grain and grain products in 2020-21 crop year.
- 08/04/2021
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CP completes 2020-2021 Canadian crop-year; sets fourth consecutive record for shipping Canadian grain and grain products
- CALGARY, AB, Aug. 3, 2021 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) today announced it hauled more Canadian grain and grain products in the 2020–2021 crop production year than any other crop year during CP's 140-year history. Working in close collaboration with customers and other participants in the Canadian grain supply chain, CP moved 30.62 million metric tonnes (MMT) this crop year, exceeding last year's record of 29.52 MMT by 1.10 MMT, or 3.7 percent.
- 08/03/2021
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CP Statement on STB Decision Relating to Access to KCS Information Needed to Prepare Merger Application
- CALGARY, AB, Aug. 2, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") issued the following statement in response to the Surface Transportation Board ("STB") decision today relating to materials sought by CP in preparing its application for authorization to control Kansas City Southern ("KCS"): CP is gratified by the STB's decision released today, in which the STB confirms that CP may use the STB's discovery processes in the CP-KCS docket, Finance Docket No. 36500, to immediately seek from KCS the materials that are "relevant to its preparation of an application of authority to acquire control of KCS" to be filed in that docket.
- 08/02/2021
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7 Discounted Dividend Growth Stocks With Accelerating Total Returns
- This article presents seven discounted dividend growth stocks with accelerating total returns that have outperformed the S&P 500 handily over the past ten years. I rate the stocks either Fair or Decent based on their quality scores as determined by DVK Quality Snapshots.
- 07/31/2021
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Canadian Pacific asks Kansas City shareholders to reject Canadian National deal
- Canadian Pacific Railway Ltd on Thursday asked Kansas City Southern shareholders to vote against a deal with Canadian National Railway Co at a meeting next month.
- 07/29/2021
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CP Files Proxy Statement Asking KCS Shareholders to Vote Against the Proposed CN-KCS Merger and Adjourn Shareholder Vote
- CALGARY, AB, July 29, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today announced it has filed a proxy statement asking Kansas City Southern ("KCS") shareholders to vote "AGAINST" the proposed Canadian National-KCS combination at the KCS special meeting of stockholders on Aug. 19, 2021 so that CN's proposed acquisition can be decided at a later date, when more information will be available to KCS's stockholders. "CP has always said it wanted to do a friendly deal with KCS and that remains true," said Keith Creel, CP President and Chief Executive Officer.
- 07/29/2021
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Canadian Pacific (CP) Q2 Earnings Lag, Revenues Beat Estimate
- Rising freight revenues aid Canadian Pacific's (CP) second-quarter performance.
- 07/29/2021
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Canadian Pacific Railway Limited (CP) CEO Keith Creel on Q2 2021 Results - Earnings Call Transcript
- Canadian Pacific Railway Limited (CP) CEO Keith Creel on Q2 2021 Results - Earnings Call Transcript
- 07/28/2021
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Canadian Pacific sees record Q2 revenue
- Canadian Pacific's second-quarter 2021 revenues were a record CA$2.05 billion amid revenue gains for coal, automotive and intermodal. Second-quarter 2021 revenue was up 15% from CA$1.79 billion in the second quarter of 2020.
- 07/28/2021
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On strength of safety and service CP reports record Q2 revenues of $2.05 billion
- CALGARY, AB, July 28, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today announced second-quarter operating results, including record Q2 revenues of $2.05 billion, an operating ratio ("OR") of 60.1 percent, record Q2 adjusted OR of 55.3 percent, record diluted earnings per share ("EPS") of $1.86 and record adjusted diluted EPS of $1.03. "Our industry-leading team of railroaders delivered another record quarter.
- 07/28/2021
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Canadian Pacific Railway Limited declares dividend
- CALGARY, AB, July 27, 2021 /PRNewswire/ - The Board of Directors of Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today declared a quarterly dividend of $0.19 per share on the outstanding Common Shares. The dividend is payable on Oct. 25, 2021 to holders of record at the close of business on Sept.
- 07/27/2021
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Is a Surprise Coming for Canadian Pacific (CP) This Earnings Season?
- Canadian Pacific (CP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 07/27/2021
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U.S. House Transportation Committee Chair Says CN Voting Trust 'Not in the Public Interest' in Letter Submitted to STB
- CALGARY, AB, July 26, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today announced that U.S. Rep. Peter DeFazio, Chair of the U.S. House Transportation and Infrastructure Committee, submitted a letter to the Surface Transportation Board opposing CN's request for a voting trust.
- 07/26/2021
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CP Releases Climate Strategy Supported by Ambitious Emissions Reduction Targets
- CALGARY, AB, July 26, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today published its first comprehensive Climate Strategy, charting a path to reduce greenhouse gas emissions, adapt CP operations to the physical risks of climate change and further position CP as a leader in the transportation sector's transition to a low-carbon future. "CP's Climate Strategy is ambitious, which we feel appropriately reflects the urgency of the fight against climate change.
- 07/26/2021
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CP statement on TSB investigation update concerning fire in Lytton, B.C.
- CALGARY, AB, July 16, 2021 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) today issued the following statement on the Transportation Safety Board of Canada's ("TSB") rail transportation safety investigation (R21V0143) update concerning the fire in Lytton, B.C.: The TSB posted an update today regarding its investigation of potential train activity-related fire in the vicinity of Mile 98.3 of Canadian National (CN) Ashcroft Subdivision around the time of the wildfire in Lytton, B.C.
- 07/16/2021
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Port of Vancouver congestion mounts despite resumed rail service
- The Port of Vancouver is continuing to feel the domino effect from the disruption caused by wildfires in British Columbia even as CN and Canadian Pacific rail service resumes. As of Tuesday afternoon, 41 ships were at anchor at Canada's largest port.
- 07/13/2021
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CP Comments on Biden Executive Order Addressing Competition in the American Economy
- CP-KCS combination offers a non-regulatory means to further executive order's goals for competition and passenger access to the freight rail network, whereas CN-KCS would reduce competition and impede passenger service CALGARY, AB, July 9, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) said today that the executive order signed by President Biden addressing competition in the U.S. economy sends clear messages: no rail mergers that reduce competition or hurt passenger service and that the U.S. economy needs more competition among railways. A CP-KCS combination would be a positive step toward more competition – not less – in the freight rail industry with no need for regulatory solutions.
- 07/09/2021
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U.S. Railroads Lose Value in Thursday's Trading: Here's Why
- Shares of Kansas City Southern (KSU), which is likely to be purchased by Canadian National (CNI) in 2022, decline the most in the railroad space on Jul 8.
- 07/09/2021
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This Stock Market Recovery Play Just Got Derailed
- This sector was a big part of Thursday's stock market decline.
- 07/09/2021
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What Did the Stock Market Do Today? 3 Big Stories to Catch Up On.
- What did the stock market do today? Well, it did a little bit of everything, with short squeezes, crypto gains, IPO hype and regulation fears.
- 07/08/2021
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CP pledges $1 million to support recovery efforts in Lytton, B.C. and invites companies across Canada to join in supporting response to wildfires
- CALGARY, AB, July 8, 2021 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) announced today that it has pledged $1 million to support wildfire recovery efforts in Lytton, B.C. In addition to direct monetary donations, CP has offered to work directly with the Village of Lytton, Lytton First Nation, Thompson-Nicola Regional District and other agencies to provide resources and logistics support in the development of temporary housing facilities for families that have been displaced.
- 07/08/2021
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CN Continues to Duck Key Issues in Voting Trust Filing with STB
- CN argument at close of public comment period fails to present convincing case that voting trust is in public interest CALGARY, AB, July 7, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today issued the following statement in response to Canadian National's ("CN") filing with the Surface Transportation Board ("STB") replying to the many comments opposing CN's proposed voting trust: CN's reply doubles down on arguments for a voting trust that CP has already shown do not meet the Board's public interest test and sweeps under the rug the many public interest costs associated with CN's proposed use of a trust. CN continues to try to limit the STB's discretion to determine what is in the public interest, repeating its flawed rhetoric about the Board's "narrow test" and asserting that concerns raised by "rail labor, communities and passenger rail…are not relevant to this voting trust decision.
- 07/07/2021
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CP to report second-quarter 2021 earnings results on July 28, 2021
- CALGARY, AB, June 30, 2021 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) will release its second-quarter 2021 financial and operating results after the market close on July 28, 2021. CP will discuss its results with the financial community in a conference call beginning at 4:30 p.m.
- 06/30/2021
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CP Files Reply to CN-KCS Urging STB to Reject CN-KCS' Voting Trust Proposal
- STB approval of a CN-KCS voting trust would instantly reduce competition, create immediate pressure for downstream consolidation A CN-KCS combination is not in public interest, while CP-KCS remains only viable, pro-competition Class 1 combination CALGARY, AB, June 29, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") has filed a reply to Canadian National ("CN") and Kansas City Southern's ("KCS") joint motion for voting trust approval with the Surface Transportation Board ("STB"). In urging the STB to reject CN and KCS' voting trust application, CP detailed the significant public interest harm associated with a voting trust and potential CN-KCS combination.
- 06/29/2021
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More Unions Across North America Call on STB to Reject CN Voting Trust
- SMART-TD Chair Representing Kansas City Southern Employees Highlights Negative Impacts Associated with a CN Combination CALGARY, AB, June 28, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") announced today that unions representing railroad employees across the U.S., including SMART-Transportation Division ("SMART-TD") General Committee GCA-457 representing Kansas City Southern ("KCS") employees, have written letters urging the Surface Transportation Board ("STB") to reject Canadian National's ("CN") proposed use of a voting trust. Many of the unions express concerns about job loss, increased CN debt load and regulatory challenges a CN/KCS transaction would face.
- 06/28/2021
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US Class I rail headcount sees modest gains in May
- Employment levels for the U.S operations of the Class I railroads in May were at their highest point in 2021 year to date, although overall headcount is still down year-over-year, according to data submitted to the Surface Transportation Board (STB). The increase in U.S. Class I headcount comes as a number of Class I railroads tell federal regulators that they are actively recruiting and hiring for new train conductors (see below).
- 06/28/2021
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North Dakota Congressional Delegation Submits Letter to STB Supporting a Canadian Pacific Combination with Kansas City Southern
- Public Comment Period on Voting Trust for Proposed CN-KCS Combination ends today CALGARY, AB, June 28, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today announced that the entire North Dakota Congressional Delegation, consisting of U.S. Senators John Hoeven and Kevin Cramer and U.S. Rep. Kelly Armstrong, submitted a letter to the Surface Transportation Board expressing support for a combination of Canadian Pacific and Kansas City Southern.
- 06/28/2021
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Ag Industry Voices Opposition to CN-KCS' Proposed Use of Voting Trust, Share Anti-Competitive Concerns
- Stakeholders from the Upper Midwest to Gulf Coast Among List of 330-plus Saying CN-KCS Combination Would Reduce Shipping Options CALGARY, AB, June 24, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today announced that grain and other shippers across North Dakota, South Dakota and Minnesota have submitted letters to the Surface Transportation Board ("STB") opposing Canadian National ("CN") and Kansas City Southern's ("KCS") combination, its use of a voting trust, or both. The economy in the U.S. Upper Plains depends on agriculture and 80 percent of the grain leaving the region moves by rail.
- 06/24/2021
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80-plus more Stakeholders Urge STB to Reject CN's Use of a Voting Trust, Bringing Total Opposed to over 330
- More than 1,050 Letters Filed Supporting CP-KCS Combination or in Opposition to the CN Proposal Customers Losing Service Options Voice Concerns CALGARY, AB, June 21, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today announced that more than 80 additional stakeholders have filed statements with the Surface Transportation Board ("STB") expressing concerns about Canadian National ("CN") and Kansas City Southern's ("KCS") combination, its use of a voting trust, or both. This brings the total opposed to over 330.
- 06/21/2021
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KCS CFO: Merger with CN offers ‘financial flexibility and freedom'
- Rival suitors CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) continue to seek to win over regulators and prove how their respective railway is the perfect partner to merge with Kansas City Southern (NYSE: KSU). Kansas City Southern (KCS) and CN want the Surface Transportation Board (STB) to approve CN's voting trust proposal, which both parties say is needed in order for the merger to proceed.
- 06/15/2021
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North America's Largest Railroad Operating Union Joins Others and Calls on STB to Reject CN Voting Trust
- SMART-TD says it expects voting trust approval will "negatively affect employees, shippers and most importantly public safety" More than 130 shippers, communities, labor organizations, and other stakeholders have already communicated opposition to CN's voting trust proposal directly to the STB CALGARY, AB , June 15, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") announced today that SMART-Transportation Division ("SMART-TD"), North America's largest railroad operating union, has submitted a letter urging the Surface Transportation Board ("STB") to reject Canadian National's ("CN") proposed use of a voting trust. SMART-TD joins a growing list of shippers, communities, labor unions and other stakeholders who have voiced opposition to CN's voting trust as part of its proposal to combine with Kansas City Southern ("KCS").
- 06/15/2021
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Canadian Pacific Is An A+ Dividend Growth Stock
- Canadian Pacific is a (relatively) small Canadian railroad stock that has a history of outperforming most dividend growth stocks. The company has a low payout rate, very high dividend growth, a healthy balance sheet, and rapidly rising free cash flow.
- 06/12/2021
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CP responds to STB's June 28 schedule for public comment on CN-KCS voting trust proposal
- CN voting trust is not in the public interest; its approval would pre-judge STB review, harm competition, risk CN shifting financial burdens to shippers, and pave the way for additional U.S. rail consolidation The next 20 days will determine the course of competition for U.S. railroading and North American commerce for the next 150 years CALGARY, AB, June 8, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today issued the following statement in response to the Surface Transportation Board's ("STB") schedule calling for comments by June 28 on Canadian National's ("CN") use of a voting trust in connection with its proposed combination with Kansas City Southern ("KCS"): CP looks forward to the STB's review of CN's proposed voting trust under the 2001 merger rules. As noted previously by the STB, voting trusts are a "privilege, not a right" and "should not be used routinely, but rather should be available only for those rare occasions when their use would be beneficial.
- 06/08/2021
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Railroads Ride on Multiple Tailwinds: 3 Stocks in Focus
- Bullish freight scenario may turn the tide in favor of the railroad stocks like Union Pacific (UNP), Norfolk Southern (NSC) and Canadian Pacific (CP).
- 06/03/2021
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7 Transportation Stocks That Are Keeping the Economy Flowing
- Economists are predicting a post-pandemic boom with consumers opening their wallets, and transportation stocks will benefit. The post 7 Transportation Stocks That Are Keeping the Economy Flowing appeared first on InvestorPlace.
- 06/02/2021
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Opposition to CN-KCS' Proposed Use of Voting Trust Builds as Stakeholders Voice Anticompetitive and Other Concerns
- More than 130 Letters Urge STB to Reject CN's Use of a Voting Trust CP Remains Confident in Superior Status as Only Viable Class 1 Combination with KCS CALGARY, AB, June 1, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today announced that more than 130 stakeholders have filed statements with the Surface Transportation Board ("STB") requesting the STB reject Canadian National's ("CN") proposed use of a voting trust. This brings the total letters submitted to more than 960, including 250-plus expressing concern about CN and Kansas City Southern's ("KCS") combination, its use of a voting trust, or both, and more than 730 in support of CP-KCS.
- 06/01/2021
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Here's How Much a $1000 Investment in Canadian Pacific Made 10 Years Ago Would Be Worth Today
- Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.
- 05/28/2021
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Canadian Pacific Comments on Inadequate Commitment from Canadian National to Divest KCS Line Between New Orleans and Baton Rouge
- Commitment Does Not Eliminate Anti-Competitive Issues with CN Proposal CALGARY, AB, May 27, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today issued the following statement in response to Canadian National's ("CN") commitment to divest Kansas City Southern's ("KCS") line between New Orleans and Baton Rouge: CN's commitment to divest this 70-mile line is clear recognition by CN that it and KCS have always been head-to-head competitors, contrary to CN's repeated claims that the combination was "end-to-end." However, CN's commitment does not come close to solving the anti-competitive problems inherent in the proposed CN/KCS transaction.
- 05/27/2021
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CP's President and Chief Executive Officer to address the Wolfe Research Global Transportation & Industrials Conference on May 26, 2021
- CALGARY, AB, May 24, 2021 /PRNewswire/ - Canadian Pacific's (TSX: CP) (NYSE: CP) President and Chief Executive Officer, Mr. Keith Creel, will address the Wolfe Research Global Transportation & Industrials Conference on May 26, 2021, at 9:45 a.m.
- 05/24/2021
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Kansas City Southern Dumps Canadian Pacific for Canadian National
- The target has agreed to a $33 billion deal to be acquired by CN.
- 05/21/2021
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Kansas City Southern picks Canadian National deal over Canadian Pacific one
- Kansas City Southern picks Canadian National deal over Canadian Pacific one
- 05/21/2021
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Canadian Pacific says open to re-engaging with Kansas City, does not raise bid
- Canadian Pacific Railway said on Friday it was willing to re-engage with Kansas City Southern, without raising its offer for the U.S. railroad operator, hoping that rival Canadian National Railway's bid would be shot down by a U.S. transport regulator.
- 05/21/2021
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CP Remains Ready to Re-engage with KCS; CP to Proceed with STB Application Process
- CP believes that pursuing its STB Application is in the best interests of both KCS and the public so that the pro-competitive CP/KCS transaction can proceed to be reviewed CALGARY, AB, May 21, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) sent the following letter to the Surface Transportation Board ("STB") today in response to the Kansas City Southern ("KCS") Board of Directors' decision to terminate the Merger Agreement with CP: The Honorable Cynthia T. BrownChief, Section of Administration, Office of Proceedings Surface Transportation Board395 E Street S.W.
- 05/21/2021
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Kansas City Southern expected to terminate Canadian Pacific deal
- Kansas City Southern is expected to ditch its merger agreement with Canadian Pacific Railway Ltd. in favor of a competing proposal from Canadian National Railway Co. according to people familiar with the matter, a dramatic turn with big implications for the shape of the U.S. rail industry.
- 05/20/2021
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Unions, industry observers weigh in on KCS merger bids
- Rail stakeholders and observers are weighing in on how competing attempts by Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) to merge with Kansas City Southern (NYSE: KSU) might affect the freight rail industry. Both CN and CP are seeking to acquire Kansas City Southern (KCS).
- 05/20/2021
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CP signals no counterbid, asks KCS board to reject CN
- Canadian Pacific (NYSE: CP) is asking the board of directors of Kansas City Southern (NYSE: KSU) to reject a competing merger offer from CN (NYSE: CNI) once and for all. The company has also indicated that it will not seek to compete with CN's revised offer.
- 05/20/2021
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Canadian Pacific Will Not Sweeten Kansas City Southern Offer, Calls Rival Bid "Illusory"
- The railroad does not believe rival Canadian National can win U.S. regulatory approval.
- 05/20/2021
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Canadian Pacific to KCS board: There's no basis to terminate our deal
- CNBC's Jim Cramer and David Faber discuss the latest over the battle for Kansas City Southern between Canadian Pacific and Canadian National Rail.
- 05/20/2021
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CP Calls on KCS Board to Reject CN's Anti-Competitive Proposal
- CP Reaffirms its Commitment to Only True End-to-End and Pro-Competition Combination Letter Outlines Heightened Regulatory Risk with CN Proposal; Only CP-KCS is in Public Interest and Achievable CALGARY, AB, May 20, 2021 /PRNewswire/ - Today, Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) announced that it sent a letter to Kansas City Southern's ("KCS") Board of Directors calling on them to reject Canadian National's ("CN") proposal in light of intervening events and reaffirming its commitment to the pro-competitive CP-KCS combination and the achievable, compelling value under the pre-existing merger agreement. The full text of the May 20, 2021 letter is below: Board of Directorsc/o Pat Ottensmeyer Kansas City Southern427 West 12th Street Kansas City, Missouri 64105 Dear Members of the Kansas City Southern ("KCS") Board of Directors: On behalf of Canadian Pacific Railway Limited ("CP"), I am writing in response to the notice KCS delivered to CP on May 13, 2021, regarding the KCS Board's determination that the revised proposal received from Canadian National ("CN") that day (the "Revised CN Proposal") constitutes a "Company Superior Proposal" (as such term is defined in our Agreement and Plan of Merger, dated March 21, 2021 (the "CP-KCS Merger Agreement").
- 05/20/2021
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CP: CN's proposed voting trust timetable is not constructive and not serious
- CN's proposed "three business day" period for public comment is based on false premise CALGARY, AB, May 18, 2021 /PRNewswire/ - Today, Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) filed the following letter with the Surface Transportation Board in response to CN's proposed three-business day comment period on voting trust: The Honorable Cynthia T. BrownChief, Section of Administration, Office of ProceedingsSurface Transportation Board395 E Street S.W.
- 05/18/2021
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STB Applies "heavier Burden" and Greater Scrutiny to CN Bid for KCS, Underscoring Heightened Regulatory Risk
- STB "Expects to Take a More Cautious Approach to a Voting Trust" for Proposed CN-KCS Transaction Decision Follows DOJ Comments Citing CN Proposal as Having "greater risk to competition than CP agreement" Voting Trust Already Approved for Use in CP/KCS Transaction Highlights CP Agreement as Superior to CN Offer CALGARY, AB, May 17, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today issued the following statement in response to the Surface Transportation Board's ("STB") decision to apply the newer, more stringent merger rules to Canadian National's ("CN") proposed acquisition as well as its effort to obtain approval to use a voting trust in connection with its proposed combination with Kansas City Southern ("KCS"): We concur with the STB's decision to apply the new merger rules to the proposed CN transaction. The STB explained: "the proposed transaction poses issues that the current merger rules were designed to address, namely the potential competitive impacts of a merged entity with some degree of overlapping routes and presently existing direct competition—characteristics that would appear to pertain to the CN and KCS systems.
- 05/17/2021
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Why the Stock Market Is Focused on the Newest Megamerger
- The pace of strategic combinations is picking up momentum.
- 05/17/2021
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Support Grows for CP+KCS as DOJ Affirms Anticompetitive Concerns with CN Proposal
- More than 680 Letters Now Filed with STB Cite CP-KCS Competitive Benefits, Urge Swift Review CP Confident in Superior Status as Only Viable Class 1 Merger Partner to KCS CALGARY, AB, May 17, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today announced that more than 130 additional stakeholders have filed statements with the Surface Transportation Board ("STB") supporting CP's planned, friendly merger with Kansas City Southern ("KCS"), bringing the total submitted to date to more than 680. There are also more than 110 letters filed with the STB expressing concern about the Canadian National ("CN") proposal.
- 05/17/2021
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CP Concurs with DOJ Comment Affirming Anticompetitive Nature of CN Bid for KCS
- DOJ Says CN Bid for KCS "appears to pose greater risks to competition than CP agreement" CP-KCS Remains Only Class 1 Transaction with Ability to Close into Voting Trust CALGARY, AB, May 14, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today issued the following statement in response to the Department of Justice ("DOJ") filing with the Surface Transportation Board ("STB") regarding Canadian National's ("CN") proposed use of a voting trust in connection with its proposed combination with Kansas City Southern ("KCS"). CP concurs with the DOJ's objection to CN's application forproposed use of a voting trust on the grounds that a CN merger with KCS would pose greater risks to competition than the CP-KCS agreement.
- 05/14/2021
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CP's President and Chief Executive Officer to address the BofA Securities Transportation, Airlines and Industrials Conference on May 20, 2021
- CALGARY, AB, May 14, 2021 /PRNewswire/ - Canadian Pacific's (TSX: CP) (NYSE: CP) President and Chief Executive Officer, Mr. Keith Creel, will address the BofA Securities Transportation, Airlines and Industrials Conference on May 20, 2021, at 8:40 a.m.
- 05/14/2021
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Wall St sees chance of higher bid for Kansas City Southern from Canadian Pacific
- Wall Street is expecting Canadian Pacific to raise its offer for Kansas City Southern even at the cost of more debt to win the bidding war with larger Canadian railroad rival Canadian National.
- 05/14/2021
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CP's Executive Vice-President and Chief Marketing Officer to address the RBC Capital Markets Canadian Automotive, Industrials and Transportation Conference on May 19, 2021
- CALGARY, AB, May 11, 2021 /PRNewswire/ - Canadian Pacific's (TSX: CP) (NYSE: CP) Executive Vice-President and Chief Marketing Officer, Mr. John Brooks, will address the RBC Capital Markets 2021 Canadian Automotive, Industrials and Transportation Conference on May 19, 2021, at 9:30 a.m.
- 05/11/2021
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Canadian Pacific, CN continue to lobby for merger support
- Rivals Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) are still at work seeking to convince the Surface Transportation Board (STB), industry stakeholders and Kansas City Southern (NYSE: KSU) shareholders which Canadian railway is the best company suited to merge with Kansas City Southern (KCS). CP and KCS had announced plans to merge in March, while CN said in April that it is also interested in acquiring KCS.
- 05/11/2021
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Here's How Much a $1000 Investment in Canadian Pacific Made 10 Years Ago Would Be Worth Today
- Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.
- 05/11/2021
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Leclanché to Provide Advanced Battery Technology for Canadian Pacific's Hydrogen-powered Locomotive Project
- Leclanche to supply its proprietary lithium-ion batteries and energy management software to be integrated with the fuel cell modules The breakthrough project is an entry into the freight-rail market that includes more than 45,000 diesel locomotives in North America and G5 European countries Testing will take place along Canadian Pacific's rail network in Canada YVERDON-LES-BAINS, Switzerland and ANDERSON, Indiana, May 11, 2021 /PRNewswire/ -- Leclanché SA (SIX: LECN) will provide its proprietary battery technology to Canadian Pacific (TSX: CP) (NYSE: CP) for its innovative Hydrogen Locomotive Program. The CP hydrogen-powered locomotive pioneering project, first announced in December 2020, will retrofit a line-haul diesel freight locomotive with hydrogen fuel cells and Leclanché's European manufactured lithium-ion batteries to power the locomotive's electric traction motors.
- 05/11/2021
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Close to 550 Shippers, Stakeholders Support CP-KCS Combination
- Supporters File Letters to the Surface Transportation Board, Cite Competitive Benefits Supporters Urge the STB to Review the Transaction Efficiently to Realize Benefits to All Stakeholders CALGARY, AB, May 10, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today announced that another 131 stakeholders filed statements with the Surface Transportation Board ("STB") on May, 8, 2021 in support of its planned, friendly merger with Kansas City Southern ("KCS"), bringing the total to close to 550 supporters across the transportation supply chain in North America. The statements follow previous filings with the STB in support of the CP-KCS transaction and those opposing Canadian National's counterbid for KCS.
- 05/10/2021
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Regulators approve CP's and KCS' request to form pre-merger voting trust
- The Surface Transportation Board (STB) has determined that Canadian Pacific (NYSE: CP) and Kansas City Southern (NYSE: KSU) can proceed with establishing a voting trust as a way to protect Kansas City Southern (KCS) and its shareholders during the merger process. CP and KCS had announced plans to merge in March, while CP rival CN (NYSE: CNI) said in April that it is also interested in acquiring KCS.
- 05/07/2021
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STB approves voting trust for Canadian Pacific's proposed acquisition of Kansas City Southern
- The U.S. Surface Transportation Board (STB) on Thursday approved the voting trust for Canadian Pacific Railway's proposed acquisition of Kansas City Southern railroad.
- 05/06/2021
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Canadian Pacific Receives Voting Trust Approval from Surface Transportation Board, Advancing Agreement for CP-KCS Combination
- STB Decision Marks an Important Milestone for Merger Agreement Merger Application and Proxy Filing for Shareholder Votes Underway CALGARY, AB, May 6, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") thanks the Surface Transportation Board ("STB") for its approval today of a voting trust for its planned, friendly merger with Kansas City Southern ("KCS"). "Following this critical milestone, we are proceeding full steam ahead to complete this historic combination, creating the first truly North American single line railroad," said CP President and Chief Executive Officer Keith Creel.
- 05/06/2021
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BNSF's parent company responds to KCS merger activity
- Count BNSF (NYSE: BRK.B) as one of those watching how efforts by Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) to acquire Kansas City Southern (NYSE: KSU) play out. Executives with BNSF parent company Berkshire Hathaway noted on Saturday during the company's annual shareholder meeting that BNSF will seek opportunities to protect its franchise as the merger proceedings go before the Surface Transportation Board for review.
- 05/03/2021
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CN-KCS Combination Facing Mounting Opposition; Reduced Competition Touted as Significant Concern Among Stakeholders
- Over 110 Letters Filed with the Surface Transportation Board Express Concern About the CN Proposal CP-KCS seen as the only combination that serves the public interest CALGARY, AB, May 3, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) announced today that more than 110 customers and other stakeholders have filed letters with the Surface Transportation Board ("STB") to express concerns about and/or opposition to Canadian National's ("CN") unsolicited proposal for Kansas City Southern ("KCS"). The letters from customers and other stakeholders highlight growing concerns that the CN-KCS combination would reduce competition in the Canada-U.S.-Mexico corridor.
- 05/03/2021
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Warren Buffett, Charlie Munger address the Kansas City Southern merger battle
- At the annual Berkshire Hathaway shareholders meeting live streamed on Yahoo Finance, Warren Buffett, Charlie Munger and Greg Abel address the merger battle between Canadian National and Canadian Pacific over Kansas City Southern. Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: https://youtu.be/gx-OzwHpM9k
- 05/01/2021
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Canadian Pacific files objection with U.S. regulator over Canadian National's bid for Kansas City rail
- Canadian Pacific Railway Ltd (CP) said on Saturday it filed a formal objection with a U.S. regulator stating Canadian National Railway Co's near $30 billion rival bid for Kansas City Southern does not qualify to be exempted from tougher merger rules.
- 05/01/2021
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Canadian Pacific Files Formal Objection to Canadian National Using Merger Waiver that STB Granted To CP/KCS Transaction
- Letter outlines six principal arguments for why the CN/KCS transaction be reviewed under 2001 merger rules CN/KCS transaction plainly flunks the "end-to-end" test for applying the pre-2001 rules CALGARY, AB, May 1, 2021 /PRNewswire/ - Canadian Pacific Railway Limited ("CP") (TSX: CP) (NYSE: CP) yesterday filed a formal objection with the Surface Transportation Board ("STB") stating that Canadian National ("CN") does not qualify for a waiver of the STB's rules for major transactions with respect to CN's unsolicited proposal for Kansas City Southern ("KCS"). In its letter, CP explains that the CN/KCS transaction does not satisfy any of the criteria that the STB relied upon in finding that the waiver should apply to a CP/KCS transaction, which the STB granted to CP on April 23, 2021.
- 05/01/2021
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CP Addresses CN's Contention that Voting Trust Proposals Should Be Reviewed Under Same Standards and Processes
- STB has already decided that CP's proposed use of a voting trust is subject to the pre-2001 merger rules, which entails different standards and processes than those governing CN proposal for review under current regulations CALGARY, AB, April 27, 2021 /PRNewswire/ - Today, Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) filed the following letter with the Surface Transportation Board: The Honorable Cynthia T. BrownChief, Section of Administration, Office of Proceedings Surface Transportation Board395 E Street S.W.
- 04/27/2021
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CN to discuss merger with KCS, sends STB over 400 support letters
- Rival Canadian suitors CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) are seeking to win the hearts of the shareholders of Kansas City Southern (NYSE: KSU). CN said Saturday that it will be engaging with the board of directors of Kansas City Southern (KCS) over its acquisition proposal.
- 04/26/2021
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Canadian Pacific's Merger Bid Gets a Boost From U.S. Regulator
- CP's deal with Kansas City Southern will be judged by a more-relaxed antitrust standard.
- 04/26/2021
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CP Comments on CN's Request to Name David Starling as Intended Trustee
- CALGARY, AB, April 26, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) issued the following statement about Canadian National's ("CN's") request to name David Starling as intended trustee in its unsolicited bid of Kansas City Southern ("KCS"): David Starling has advised us of CN's request, and we have no objection. As we have said previously, Mr.
- 04/26/2021
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Canadian Pacific: Buy On Any Weakness
- Canadian Pacific had a challenging quarter but was able to generate strong free cash flow. The company is poised to continue a strong EBITDA and FCF expansion, which allows for large buybacks and further dividend hikes.
- 04/25/2021
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Canadian Pacific Comments on Procedural Update From Kansas City Southern
- CALGARY, AB, April 24, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today provided the following statement regarding Kansas City Southern's ("KCS") decision to evaluate Canadian National's ("CN") unsolicited proposal. The board of KCS is simply meeting its obligations under the merger agreement with CP and fulfilling its fiduciary duty to its shareholders by assessing the CN offer.
- 04/24/2021
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Canadian Pacific Railway Wins Regulatory Exemption In Proposed Merger With Kansas City Southern
- The U.S. Surface Transportation Board (STB) has decided to uphold a 2001 waiver that will ease the path for the merger between Kansas City Southern and Canadian Pacific Railway Limited. What Happened: The Canadian Pacific Railway Ltd.
- 04/24/2021
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Canadian Pacific welcomes STB's approval of merger with Kansas City
- Canadian Pacific Railway Ltd welcomed the U.S. Surface Transportation Board's (STB) decision to approve its merger with Kansas City Southern on Saturday.
- 04/24/2021
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Canadian Pacific Welcomes the Surface Transportation Board Decision to Uphold Waiver for CP-KCS Combination
- STB Says Transaction Falls "Neatly" into Board's Rationale for Adopting KCS 2001 Waiver STB Decision Confirms that CP/KCS Transaction Is End-to-End With No Competitive Overlap CP and KCS Look Forward to Thorough Regulatory Review and Delivering Benefits of the Combination to All Stakeholders CALGARY, AB, April 24, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today announced that the Surface Transportation Board ("STB") confirmed that the waiver it granted to Kansas City Southern ("KCS") in 2001 is applicable to the proposed friendly combination of the two companies. CP and KCS will proceed with an Application under the standards set forth in the STB's pre-2001 major merger rules.
- 04/24/2021
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Viewpoint: CP-KCS merger makes sense; CN takeover does not
- By Byron L. Dorgan, retired U.S. senator from North Dakota Making an exception is different than changing one's mind.
- 04/23/2021
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415-plus Customers and Stakeholders Put Support Behind CP-KCS Combination
- An additional 48 statements outlining support of CP-KCS combination over unsolicited CN proposal also filed CALGARY, AB, April 23, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") announced today that 416 shippers and stakeholders have now filed statements with the Surface Transportation Board ("STB") in support of the planned combination with Kansas City Southern ("KCS"). An additional 48 statements outlining support of the CP-KCS combination over the unsolicited Canadian National ("CN") proposal have also been filed with the STB.
- 04/23/2021
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Canadian Pacific (CP) Stock Jumps 3.5%: Will It Continue to Soar?
- Canadian Pacific (CP) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
- 04/23/2021
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North Dakota Grain Dealers Association re-iterates support for CP-KCS combination, expresses opposition to CN bid
- CALGARY, AB, April 22, 2021 /PRNewswire/ - The North Dakota Grain Dealers Association today filed a letter with the Surface Transportation Board re-iterating its support of the Canadian Pacific (TSX: CP) (NYSE: CP)-Kansas City Southern combination. In the letter, the association also expressed its opposition to the Canadian National bid.
- 04/22/2021
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Canadian Pacific CEO says CN bid for KC Southern is 'fantasy'
- CNBC's David Faber reports on KC Southern bids.
- 04/22/2021
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Canadian Pacific confident in KCS merger bid
- Canadian Pacific (NYSE: CP) isn't planning on taking part in a bidding war with rival Canadian railway CN (NYSE: CNI) to acquire Kansas City Southern (NYSE: KSU), CP's CEO said Wednesday. “We're not considering changing anything with our bid.
- 04/22/2021
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Canadian Pacific (CP) Q1 Earnings Beat, Revenues Miss Mark
- Canadian Pacific's (CP) Q1 results benefit from low costs amid freight revenue weakness.
- 04/22/2021
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Canadian Pacific Railway Limited (CP) CEO Keith Creel on Q1 2021 Results - Earnings Call Transcript
- Canadian Pacific Railway Limited (CP) CEO Keith Creel on Q1 2021 Results - Earnings Call Transcript
- 04/21/2021
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Canadian Pacific first-quarter revenue slips 4%
- Canadian Pacific's (NYSE: CP) freight revenue for the first quarter of 2021 slipped 4% to CA$1.96 billion amid flat year-over-year volumes and a 2.5% decline in operating expenses. One Canadian dollar equals 80 cents in U.S. currency.
- 04/21/2021
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Canadian Pacific Railway: Q1 Earnings Insights
- Shares of Canadian Pacific Railway (NYSE:CP) were flat in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share were down 20.98% year over year to $3.54, which beat the estimate of $3.47.
- 04/21/2021
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CP reports solid first-quarter 2021 results; positive momentum heading into the second quarter
- CALGARY, AB, April 21, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today announced first-quarter operating results, including revenues of $1.96 billion, an operating ratio ("OR") of 60.2 percent, adjusted OR of 58.5 percent, diluted earnings per share ("EPS") of $4.50 and adjusted diluted EPS of $4.48. "The strong demand environment, particularly across bulk, merchandise and domestic intermodal, coupled with our commitment to the foundations of precision scheduled railroading enabled our success in the first quarter," said Keith Creel, CP President and Chief Executive Officer.
- 04/21/2021
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CP announces results of director elections; shareholders approve five-for-one share split
- CALGARY, AB, April 21, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) announces that all resolutions placed in front of shareholders at its 2021 annual and special meeting earlier today have been passed, including (i) the election of all 11 nominees listed in the management proxy circular dated March 10, 2021 as directors of CP, and (ii) the special resolution approving the five-for-one share split of CP's issued and outstanding common share (the "Share Split"). Further details regarding the implementation of the Share Split are set out below.
- 04/21/2021
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of Kansas City Southern with Canadian Pacific Railway Limited
- New York, New York--(Newsfile Corp. - April 21, 2021) - The following statement is being issued by Levi & Korsinsky, LLP:To: All Persons or Entities who purchased Kansas City Southern (NYSE: KSU) ("KCS" or the "Company") stock prior to March 20, 2021.You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of KCS with Canadian Pacific Railway Limited ("Canadian Pacific") (NYSE: CP). The investigation seeks...
- 04/21/2021
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Canadian Pacific Highlights Why CP-KCS is the One Transaction in the Public Interest and that the STB Processes Should Reflect that Fact
- CP urges the STB to promptly confirm uniquely straightforward and beneficial transaction proceeding under the pre-2001 rules with no further voting trust approval required 400-plus customers and stakeholders put support behind CP-KCS combination CALGARY, AB, April 21, 2021 /PRNewswire/ - Today, Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) filed the following letter with the Surface Transportation Board: The Honorable Cynthia T. BrownChief, Section of Administration, Office of Proceedings Surface Transportation Board395 E Street S.W.
- 04/21/2021
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Canadian Pacific slams CN's bid to acquire Kansas City Southern
- Canadian Pacific (NYSE: CP) slammed a bid by rival CN (NYSE: CNI) to acquire Kansas City Southern (NYSE: KSU), describing CN's proposal as “massively complex and likely to fail” because it decreases competition and raises antitrust concerns, according to CP. On Tuesday, CN offered to acquire KCS in a cash-and-stock transaction valued at $33.7 billion.
- 04/20/2021
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Canadian Pacific Railway Limited declares dividend
- CALGARY, AB, April 20, 2021 /PRNewswire/ - The Board of Directors of Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today declared a quarterly dividend of $0.95 per share on the outstanding Common Shares. The dividend is payable on July 26, 2021 to holders of record at the close of business on June 25, 2021, and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation.
- 04/20/2021
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Canadian Pacific Comments on Unsolicited, Anti-Competitive Proposal by Canadian National to Acquire Kansas City Southern
- Canadian Pacific Transaction Offers Greater Certainty for KCS Stockholders, Creates More Rail Competition for Shippers and is Better for North America Remaining the Smallest Class 1 Railroad, a CP/KCS Combination is the Only Deal that Appropriately Manages Regulatory Risk and Creates Significant Benefits for Customers and Stakeholders Over 400 Customers and Stakeholders Across the Transportation Supply Chain Have Filed Letters in Support of a CP/KCS Combination CALGARY, AB, April 20, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today issued the following statement regarding Canadian National's unsolicited offer to acquire Kansas City Southern ("KCS"): Canadian National's ("CN") proposal is illusory and inferior because it creates adverse competitive impacts and raises other serious public interest concerns. CN's proposal increases regulatory and anti-trust risk for KCS shareholders and decreases benefits for customers, employees and other stakeholders.
- 04/20/2021
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405-plus Customers and Stakeholders Put Support Behind CP-KCS Combination
- KCS' largest customer, Bartlett Grain, supportive of pro-competition, pro-service U.S.-Mexico-Canada combination Supporters Urge the STB to Review the Transaction Efficiently to Realize Benefits to All Stakeholders CALGARY, AB and KANSAS CITY, Mo., April 20, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") and Kansas City Southern (NYSE: KSU) ("KCS") today announced that Bartlett Grain, Port of Milwaukee, Asociación Mexicana de la Industria Automotriz A.C.
- 04/20/2021
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Canadian Pacific (CP) to Report Q1 Earnings: What's in Store?
- Canadian Pacific's (CP) Q1 results are likely to be aided by an uptrend in Canadian grain movement.
- 04/15/2021
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Justice Department, CP and KCS spar over rail merger process
- The U.S. Department of Justice (DOJ) and Canadian Pacific (NYSE: CP) disagree on whether CP's use of a voting trust during its proposed acquisition of Kansas City Southern (NYSE: KSU) will interfere with how regulators review the merger. To facilitate the merger, CP and Kansas City Southern (KCS) plan to establish a voting trust to acquire KCS shares, pending shareholder approval.
- 04/14/2021
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Canadian Pacific, Kansas City Southern Assert Right to Have Transaction Reviewed Under Waiver Granted to KCS in 2001
- CALGARY, Alberta & KANSAS CITY, Mo.--(BUSINESS WIRE)--Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") and Kansas City Southern (NYSE: KSU) ("KCS") today made a filing with the Surface Transportation Board (“STB”) asserting their right to have the STB review their combination under a waiver the STB granted to KCS in 2001. The filing was made in response to objections to the application of the KCS waiver that were filed with the STB by competitors and others. The STB granted KCS, the
- 04/12/2021
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Deutsche Bank's Amit Mehrotra on what's fueling the rise in transport stocks
- Amit Mehrotra, Analyst at Deutsche Bank, joins Worldwide Exchange to discuss the climbing transportation sector, and the names he is watching.
- 04/09/2021
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Solid Grain Movement Aids Canadian Pacific (CP) Amid High Debt
- Strong grain movement is aiding Canadian Pacific's (CP) top-line growth. Meanwhile, insufficient cash balance is a concern.
- 04/07/2021
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More shippers voice support of CP-KCS merger
- More shippers and other stakeholders have lent their support to the proposed merger between Canadian Pacific (NYSE: CP) and Kansas City Southern (NYSE: KSU). Forty-five customers, ports, transloading companies and others filed statements of support to the Surface Transportation Board (STB), the regulatory body that must ultimately approve CP's acquisition of Kansas City Southern (KCS).
- 04/06/2021
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PAVE: The $2+ Trillion U.S. Infrastructure Plan Has Arrived - Here's An ETF That Will Benefit
- PAVE: The $2+ Trillion U.S. Infrastructure Plan Has Arrived - Here's An ETF That Will Benefit
- 04/04/2021
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Canadian Pacific, Kansas City Southern Receive Widespread Support for Creating First U.S.-Mexico-Canada Rail Network
- Nearly 260 Statements from Shippers and Supporters Filed with the Surface Transportation Board in Support of CP-KCS Combination Shippers and Supporters Anticipate Increased Efficiency and Market Reach, Enhanced Competition and North American Economic Growth CALGARY and KANSAS CITY, Mo., March 31, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") and Kansas City Southern (NYSE: KSU) ("KCS") today announced they have received statements from nearly 260 shippers, other railroads, economic development authorities, ports, and other supporters for their planned combination that would create the first rail network connecting the U.S., Mexico, and Canada.
- 03/31/2021
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What Investors Should Know About the Largest Railroad Merger Ever
- Kansas City Southern and Canadian Pacific Railway have big plans.
- 03/31/2021
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CP to report first-quarter 2021 earnings results on April 21, 2021
- CALGARY, AB, March 29, 2021 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) will release its first quarter 2021 financial and operating results after the market close on April 21, 2021. CP will discuss its results with the financial community in a conference call beginning at 4:30 p.m.
- 03/29/2021
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Canadian grain shippers still see hiccups in rail service
- Despite significantly high Canadian grain volumes in February, Canadian grain shippers are still seeing some rail service issues as the network recovers from last month's cold snap and nears the end of March. “Several monitoring sources point to some significant challenges, which can be attributed to the deep freeze that blanketed the prairies in late February,” said Erin Gowriluk, executive director for the Grain Growers of Canada.
- 03/26/2021
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Weaker Home Sales, CP-KSU Deal for $25 Billion
- Canadian Pacific (CP) is buying Kansas City Southern (KSU) for $25 billion in cash and stock, bringing together two major players in the North American rail space.
- 03/22/2021
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4 Top Stock Trades for Tuesday: SNAP, DE, CP, BOX
- Snap, Deere, Canadian Pacific and Box were our top stock trades for Tuesday. Now, let's get a quick look at the charts to see what's up.
- 03/22/2021
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3 Railroad Stocks To Watch Amid Canadian Pacific And Kansas City Southern Merger
- Canadian Pacific Railway Ltd (NYSE:CP) and Kansas City Southern (NYSE:KSU) announced on Sunday they would merge in a deal valued at about $29 billion in cash and shares. What Happened: The new company, Canadian Pacific Kansas City, will create a Canada-Mexico-U.S. railroad with a combined 20,000 miles of rail.
- 03/22/2021
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Canadian Pacific Railway, Kansas City Southern Merger Moves Full Steam Ahead to Connect US,.
- Creating the first railroad network connecting the U.S., Canada and Mexico, Canadian Pacific Railway Ltd. (NYSE:CP) announced a merger with Kansas City Southern (NYSE:KSU) on Sunday.
- 03/22/2021
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Canadian Pacific (CP) Buying Kansas City Southern (KSU) In $29 Billion Deal
- Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) and Kansas City Southern (NYSE: KSU) announced recently to merge in a deal valued at $29 billion. These are the details.
- 03/22/2021
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CP Rail CEO 'Confident' Regulators Will Approve Kansas City Deal
- Mar.22 -- Canadian Pacific Railways on Sunday agreed to buy Kansas City Southern for $25 billion, creating the first railroad to traverse Canada, the U.S. and Mexico. CEO Keith Creel discusses the proposed acquisition on "Bloomberg Markets.
- 03/22/2021
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This Surprise Merger News Helped the Stock Market Chug Ahead Monday
- It's the latest sign of rotation on Wall Street.
- 03/22/2021
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Canadian Pacific to acquire Kansas City Southern for £18 billion in cash and stock
- Canadian Pacific Railway Ltd. (TSE: CP) said on Monday that it will buy Kansas City Southern (NYSE: KSU) for roughly £18 billion in cash and stock.
- 03/22/2021
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Canadian Pacific Railway agrees to buy Kansas City Southern for $25billion
- Yahoo Finance's Julie Hyman, Brian Sozzi, and Myles Udlan discuss the deal $25 billion deal between Canadian Pacific Railway and Kansas City Southern that would create that would create a railway network of 20,000 miles that would link the United States, Canada, and Mexico.
- 03/22/2021
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Jim Cramer on Canadian Pacific Railway buying Kansas City Southern
- Canadian Pacific Railway on Sunday said it has agreed to buy Kansas City Southern for $25 billion in a cash-and-shares deal to create the first rail network connecting the United States, Mexico, and Canada, betting on a pick-up in North American trade. CNBC's Jim Cramer and David Faber discuss.
- 03/22/2021
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Why the Canadian Pacific-Kansas City Southern Deal Is Bullish for Railroad Stocks
- It may not trigger other mergers, but it should spur investors to assign higher valuations.
- 03/22/2021
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What Will the Stock Market Do Today? 3 Big Stories to Watch.
- What will the stock market do today? Investors are busy watching everything from GameStop to EV stocks to Covid-19 vaccines.
- 03/22/2021
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Railroad megamerger would create the first Mexico-US-Canada freght rail network
- Two of North America's largest railroad companies announced a merger Sunday that would connect freight customers to Canada, the United States and Mexico on a single network for the first time in history.
- 03/21/2021
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Canadian Pacific to acquire Kansas City Southern in $25 billion railroad merger that spans across the entire North American continent
- Canadian Pacific Railway has agreed to acquire Kansas City Southern in a deal that will create the first ever rail network that spans across Canada, the United States, and Mexico. The combined company will operate 20,000 miles of rail, employ close to 20,000 people, and generate total revenues of about $8.7 billion, according to a statement.
- 03/21/2021
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Factbox: Highlights of CP's $25 billion planned purchase of Kansas City in world's top rail merger
- Canadian Pacific Railway Ltd (CP) on Sunday said it has agreed to buy Kansas City Southern (KCS) for $25 billion in a cash-and-shares deal to create the first rail network connecting the United States, Mexico and Canada as it bets on a pickup in North American trade.
- 03/21/2021
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Canadian Pacific to Buy Kansas City Southern in Railroad Blockbuster
- $29 billion deal would create first rail network linking Canada, the U.S., and Mexico.
- 03/21/2021
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Canadian Pacific Rail To Buy Kansas City Southern For $25 Billion
- Canadian Pacific Railway will buy out Kansas City Southern in a merger that CP says will create the first U.S.-Mexico-Canada railroad. What Happened: Canadian Pacific Railway Limited (NYSE: CP) and Kansas City Southern (NYSE: KSU) on Sunday announced that they have entered into a merger agreement, where Canadian Pacific has agreed to buy Kansas City Southern for $25 billion in a cash-and-shares deal.
- 03/21/2021
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Canadian Pacific To Buy Kansas City Southern In $25 Billion Deal Creating First Rail Network Spanning U.S., Mexico And Canada
- The deal values Kansas City Southern at a 23% premium to Friday's closing prices.
- 03/21/2021
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CP's Board amends contract with President and CEO, Keith Creel
- CALGARY, March 21, 2021 /PRNewswire/ - Canadian Pacific Railway Limited's (TSX: CP) (NYSE: CP) Board of Directors and President and Chief Executive Officer Keith Creel have agreed on contract amendments to Mr. Creel's incentive compensation that are intended to see him lead the Company until at least early 2026.
- 03/21/2021
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Canadian Pacific and Kansas City Southern Agree to Combine to Create the First U.S.-Mexico-Canada Rail Network
- CALGARY, Alberta & KANSAS CITY, Mo.--(BUSINESS WIRE)--Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced they have entered into a merger agreement, under which CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately USD$29 billion1, which includes the assumption of $3.8 billion of outstanding KCS debt. The transaction, which has the unanimous support of both boards of dir
- 03/21/2021
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Canadian Pacific to buy Kansas City Southern for $25 billion: FT
- Canadian Pacific Railway Ltd has agreed to buy Kansas City Southern for $25 billion, the Financial Times said on Saturday, citing people with knowledge of the matter.
- 03/21/2021
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Analysts all in on transportation stocks; transition to services spending no threat
- A couple of bullish reports this week highlight reasons to favor transportation stocks moving forward. The outlooks call for favorable freight fundamentals around demand, utilization and pricing to remain in place for the foreseeable future.
- 03/19/2021
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Canadian Pacific announces filing of proxy circular
- CALGARY, AB, March 16, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) announced today that it has completed the filing of its notice of meeting and management proxy circular for CP's 2021 annual and special meeting of shareholders with Canadian and U.S. securities regulators. A copy of the proxy material is available at investor.cpr.ca The annual meeting of shareholders will be held virtually on April 21, 2021, at 9 a.m.
- 03/16/2021
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5 Industrial Companies Boosting Earnings
- The following industrial companies have grown their earnings per share over a five-year period. According to the GuruFocus discounted cash flow calculator as of March 11, all of them also trade with a margin of safety.
- 03/11/2021
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7 of the Top Transportation Stocks to Buy Right Now
- As the global economy starts to reawaken, transportation stocks are looking like the ones to buy. Let's take a look at seven here.
- 03/08/2021
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Solid Grain Movement Aids Canadian Pacific (CP), High Debt Ails
- Canadian Pacific (CP) moved 31.32 million metric tonnes of grains in 2020, thereby aiding top-line numbers. Meanwhile, the company's high debt levels are a concern.
- 03/05/2021
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Rising Earnings Estimates and Analyst Reports for JPMorgan, Exxon Mobil & Adobe
- Rising Earnings Estimates and Analyst Reports for JPMorgan, Exxon Mobil & Adobe
- 03/04/2021
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CP's Executive Vice-President and Chief Financial Officer to address the J.P. Morgan Industrials Conference on March 15, 2021
- CALGARY, AB, March 3, 2021 /PRNewswire/ - Canadian Pacific's (TSX: CP) (NYSE: CP) Executive Vice-President and Chief Financial Officer, Mr. Nadeem Velani, will address the J.P. Morgan Industrials Conference on March 15, 2021, at 2 p.m. ET. CP will provide access to a live audio webcast of...
- 03/03/2021
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AT&T, Expedia, Mattel, Urban Outfitters and More Thursday Afternoon Analyst Calls
- With the trading day more than halfway over, the broad markets saw a huge pull back on Thursday.
- 02/25/2021
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Canadian Pacific (CP) Grain Movement Hits New Record in January
- Canadian Pacific's (CP) January 2021 grain movement breaks its previous record, set in January 2020, by 6%.
- 02/09/2021
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CP reports record January for Canadian grain transport
- CALGARY, AB, Feb. 8, 2021 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) moved 2.22 million metric tonnes (MMT) of Canadian grain and grain products in January 2021. This exceeds the previous January record in 2020 by 6 percent. CP has shipped 16 MMT of Canadian grain and grain...
- 02/08/2021
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CP executives to address virtual conferences in February
- CALGARY, AB, Feb. 5, 2021 /PRNewswire/ - Canadian Pacific's (TSX: CP) (NYSE: CP) President and Chief Executive Officer, Mr. Keith Creel, will address the Barclays Industrial Select Conference on Feb. 16, 2021, at 2:50 p.m. ET. Executive Vice-President and Chief Marketing Officer, Mr. John...
- 02/05/2021
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Canadian Pacific Railway Limited (CP) CEO Keith Creel on Q4 2020 Results - Earnings Call Transcript
- Canadian Pacific Railway Limited (CP) CEO Keith Creel on Q4 2020 Results - Earnings Call Transcript
- 01/28/2021
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Canadian Pacific (CP) Meets Q4 Earnings Estimates
- Canadian Pacific (CP) delivered earnings and revenue surprises of 0.00% and -5.28%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 01/27/2021
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Canadian Pacific Railway Limited declares dividend
- CALGARY, AB, Jan. 26, 2021 /PRNewswire/ - The Board of Directors of Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today declared a quarterly dividend of $0.95 per share on the outstanding Common Shares. The dividend is payable on April 26, 2021 to holders of record at the close of...
- 01/26/2021
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What's in Store for Canadian Pacific (CP) in Q4 Earnings?
- Freight woes amid coronavirus disruptions are likely to get reflected in Canadian Pacific's (CP) fourth-quarter 2020 performance.
- 01/21/2021
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December U.S. Rail Traffic Up 4.4%: More Gains Ahead in 2021?
- The anticipated spurt in freight volumes for 2021 augurs well for the railroads like Union Pacific (UNP) Norfolk Southern (NSC) and CSX Corporation (CSX).
- 01/07/2021
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Canadian Pacific (CP) Posts Best Year Ever for Grain Movement
- With new high-efficiency railcars, Canadian Pacific (CP) enjoys a stellar 2020 with respect to grain transportation.
- 01/05/2021
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CP reports best ever year, quarter, December for Canadian grain transport
- CALGARY, AB, Jan. 4, 2021 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) moved 31.32 million metric tonnes (MMT) of Canadian grain and grain products in 2020, more than any prior calendar year in its history, the company announced today. At year's end, CP also completed its best...
- 01/04/2021
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Canadian Pacific (CP) Hits 52-Week High: More Room to Run?
- The recent buyout of the Detroit River Rail Tunnel is expected to lower Canadian Pacific's (CP) operating costs pertaining to the movement of traffic through the tunnel.
- 01/04/2021
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CP to report fourth-quarter 2020 earnings results on January 27, 2021
- CALGARY, AB, Jan. 4, 2021 /PRNewswire/ - (TSX: CP) (NYSE: CP) will release its fourth-quarter 2020 financial and operating results after the market close on Jan. 27, 2021. CP will discuss its results with the financial community in a conference call beginning at 4:30 p.m. ET (2:30 p.m....
- 01/04/2021
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These 4 Railroad Stocks Are on Track to Rebound in 2021
- With the economy gradually recovering and freight volumes improving, CSX, Kansas City Southern (KSU), Canadian Pacific (CP) and Canadian National (CNI) look poised for a rebound in 2021.
- 12/28/2020
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Canadian Pacific (CP) Closes Detroit River Rail Tunnel Buyout
- Canadian Pacific's (CP) strategic move to get 100% ownership of the Detroit River Rail Tunnel is likely to be accretive to its earnings.
- 12/24/2020
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Canadian Pacific launches hydrogen-powered locomotive project
- Canadian Pacific (NYSE: CP) is starting a pilot project to develop a hydrogen-powered locomotive. As concerns for the environment rise, freight transporter companies face increasing pressure to reduce greenhouse gas (GHG) emissions.
- 12/23/2020
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CP completes acquisition of Detroit River Rail Tunnel
- CALGARY, Dec. 22, 2020 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) announced today it has completed its previously announced agreement to purchase an 83.5 percent stake in the Detroit River Rail Tunnel from certain affiliates of OMERS, the defined benefit pension plan for...
- 12/22/2020
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Canadian Pacific (CP) to Build Train Powered by Hydrogen
- Canadian Pacific (CP) succeeds in ramping up its fuel efficiency by more than 40% since 1990.
- 12/22/2020
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Banadian Pacific Seeks To Build Vancouver-area Transload And Logistics facility
- Canadian Pacific (NYSE: CP) wants to build a multimodal transload and logistics facility near Vancouver, and it's starting to canvass the broader community for input. CP seeks to build the facility on land holdings that it owns, the railway said Wednesday.
- 12/03/2020
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Exports boost US and Canadian grain volumes
- U.S. and Canadian railroads continued to move significant amounts of grain in November as export demand boosted grain movements. Indeed, last month's World Agricultural Supply and Demand Estimates report from the U.S. Department of Agriculture anticipates U.S. soybean exports in the 2020-2021 crop year to grow to 2.2 billion bushels, compared with 1.7 billion bushels in 2019-2020.
- 12/03/2020
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CP supporting Canada's economic recovery with a transload and logistics hub on Canada's Pacific coast; community engagement process underway for the CP Logistics Park: Vancouver
- CALGARY, AB, Dec. 2, 2020 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) is proposing to build a multi-modal, multi-commodity transload and logistics facility on strategic land holdings adjacent to its existing intermodal rail facility in Pitt Meadows, B.C. The...
- 12/02/2020
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CP announces best-ever November for Canadian grain transport
- CALGARY, AB, Dec. 1, 2020 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) has completed its best-ever November and second-best-ever month for shipping Canadian grain and grain products, with 2.96 million metric tonnes (MMT) moved. This exceeds the previous November record in 2019 by...
- 12/01/2020
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Canadian Pacific gets early Christmas present from Maersk
- Canadian Pacific (NYSE: CP) will see the first vessel from vessel operator Maersk arriving into the Port of Vancouver in the first week of December instead of the original timeline of March 2021, a CP executive said Tuesday. “We're going to get a nice little boost from that business coming on early, and we're quite excited by that,” said CP Chief Financial Officer John Brooks at the Scotiabank Transportation and Industrials Conference.
- 11/22/2020
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Canadian railways crush October grain records amid export boom
- Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) crushed grain volumes in October, with shipments exceeding all-time records as export demand and new assets drove volumes higher. CP hauled 3.04 million metric tonnes (MMTs) in October, crossing the 3 MMT threshold and exceeding the previous all-time record set in April by 6.9%.
- 11/04/2020
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Tracking Stephen Mandel's Lone Pine Capital Portfolio - Q2 2020 Update
- Stephen Mandel’s 13F portfolio value increased ~18% from $16.85B to $19.79B. The number of positions decreased from 38 to 29.
- 09/07/2020
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TCI Fund Management: A 41% Gain in 2019
- A look at the quarterly update of the often-overlooked TCI Fund Management Continue reading...
- 08/19/2020
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Ryanair to Cut Capacity by 20% Due to Weakness in Bookings
- Ryanair (RYAAY) plans to cut September and October capacity by 20% as a spike in coronavirus cases weigh on bookings.
- 08/18/2020
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Canadian Pacific: Price Hikes May Not Last Forever
- CP's Q2 revenue fell 9% Y/Y, less than its double-digit decline in carloads. The company hiked prices, which helped keep revenue from free falling.
- 08/14/2020
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Alaska Air Expects August Cash Burn to Improve From July
- Alaska Air (ALK) expects August revenues to decline up to 75% as coronavirus-induced air-travel demand softness persists.
- 08/14/2020
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Are Canadian Rail Companies On The Right Track?
- Outlook for Canada rail sector. The threat to railroads from autonomous electric trucks.
- 08/14/2020
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United Airlines to Add Up to 28 Daily Flights to Florida
- Amid signs of air-travel demand picking up, United Airlines (UAL) plans to add up to 28 daily nonstop flights to Florida this winter.
- 08/13/2020
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CP releases 2019 corporate sustainability data supplement, highlighting strong performance in safety, operational excellence and social impact
- CALGARY, AB, Aug. 13, 2020 /CNW/ - Canadian Pacific (TSX: CP) (NYSE: CP) today released its 2019 corporate sustainability data supplement to the company's 2018 sustainability report, Sustainably Driven.
- 08/13/2020
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CP committed to sustainability, investing in solar power at its Calgary headquarters
- CALGARY, AB, Aug. 12, 2020 /CNW/ - Canadian Pacific (TSX: CP) (NYSE: CP) has begun work to install a solar energy farm at its corporate headquarters in Calgary.
- 08/12/2020
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Canadian Pacific launches first train of international containers from Port of Saint John
- Canadian Pacific (TSX: CP) (NYSE: CP) today officially launched its international intermodal service through the Port of Saint John, N.B. The inaugural train carries containers from the Hapag-Lloyd vessel Detroit Express bound for intermodal terminals on the CP network in Canada and the U.S.
- 08/11/2020
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CP highlights generational growth opportunity in meeting with New Brunswick Premier Blaine Higgs
- Canadian Pacific (TSX: CP) (NYSE: CP) reaffirmed its commitment to grow traffic at the Port of Saint John and stimulate economic growth and investment in New Brunswick at a meeting with Premier Blaine Higgs today.
- 08/06/2020
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CP completes biggest-ever Canadian crop-year haul, stands ready for 2020-2021 harvest
- CALGARY, AB, Aug. 5, 2020 /CNW/ - Canadian Pacific (TSX: CP) (NYSE: CP) today announced it hauled more Canadian grain and grain products in the 2019-2020 crop production year than any in its 139-year history.
- 08/05/2020
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CP saddened by passing of former executive and board member William R. Fatt
- Canadian Pacific Railway Limited (CP) (TSX: CP) (NYSE: CP) is deeply saddened to learn of the passing of former executive and board member William R. (Bill) Fatt.
- 08/04/2020
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Canadian Pacific Railway Limited (TSE:CP) Insiders Increased Their Holdings
- We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...
- 08/04/2020
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Canadian Railways Expect Steady Grain Carload Volumes In 2020-2021
- The Canadian railways anticipate their grain volume movement in the 2020-2021 crop year will be roughly in line with how much they've hauled in recent years, according to outlooks from Canadian Pacific Railway Ltd (NYSE: CP) and Canadian National Railway (NYSE: CNI).CP's and CN's expectations come amid record grain volumes hauled in 2019-2020, and amid capital investments to expand grain-handling capacity through initiatives such as acquiring more hopper cars.The Canada Transportation Act requires CP and CN to submit outlooks for the upcoming crop year to the Canadian government by July 31. The outlooks provide grain volume expectations for the year, taking into account harvesting conditions and market conditions. The crop year in Canada runs Aug. 1 to July 31.Grain carloads moved in Canada over the past year, using data from the Association of American Railroads. (SONAR)CP's 2020-2021 outlookCP anticipates moving 31.4 million metric tonnes (MMT) of grain in the 2020-2021 crop year, which is similar to its forecast for last year and how much it actually moved, the railway said in its 2020-2021 grain outlook. To haul this crop, CP expects to provide 5,850 CP-owned hopper cars per week to grain elevators during the nonwinter months and 4,300, CP-owned hopper cars during the winter months of mid-December to March. Part of that reduction is because the Port of Thunder Bay closes during the winter.CP also anticipates moving an average of 1,050 grain cars per week of customer-supplied equipment for most of the 2020-2021 crop year.The railway plans to make available 1,000-1,100 locomotives, up to 15,500 grain hopper cars, and 3,600-3,800 train and engine employees for its customers. CP has been deploying an 8,500-foot, high-efficiency product train model, which the railway says enables a train to carry 15% more grain than a 7,000-foot grain train. The railway has nearly 3,000 new high-capacity hopper cars in active service, and it plans to add more than 300 more by the end of this year. By the end of its $500 million investment, CP hopes to acquire 5,900 hopper cars, which are shorter, wider and higher, and remove from its fleet the low-capacity hoppers. The capital investments come as CP's customers have also made their own investments to expand their grain capacity, CP said. More than 30% of customers of the unit train grain facilities that CP serves will be able to accommodate 8,500-foot trains by the end of 2020, CP said.For 2019-2020, CP expects to beat its all-time grain record of 26.8 MMT set in 2018-2019.CN's 2020-2021 OutlookCN expects to move between 26 MMT and 28 MMT of grain in the 2020-2021 crop year that began Saturday, according to the grain outlook it published last week.The estimate is in line with the range of volumes from over the past three years, and it doesn't include grain volumes moved by intermodal equipment, CN said. The estimate comes as the railway seeks to expand its grain handling capacity even further. It plans to purchase 1,500 hopper cars, on top of the 1,000 it purchased in 2018. The new cars will be shorter in length, enabling eight to 10 more cars on a train. This increases the amount of grain moved per train, which in turn expands CN's network capacity and helps to make rail operations more fluid at the ports of Prince Rupert and Vancouver, CN said.The railway said it has been working with grain customers to review anticipated car supply requirements for the upcoming crop year along with the mix of railcars supplied by customers. CN projects that over 90% of CN-supplied hopper cars will be committed to customers in advance of the harvests through commercial or other car supply agreements. Car supply products will also be available to the market, with car block sizes of as few as 10 cars. CN also expects to spot up to 7,600 hopper cars and tank cars per week outside of winter, and up to 6,100 hopper and tank cars per week during winter. Spotting means positioning railcars where they need to be for loading and unloading. CN anticipates the spotting of bulk grain to increase by 350 car spots per week during winter and 150 per week outside of winter for CN-supplied hopper cars. Meanwhile, the spotting of customers' cars is also expected to grow in 2020-2021, CN said.CN moved over 28.2 MMT of bulk and processed Western grain products in hopper cars, tank cars and boxcars in 2019-2020, beating a record set in 2018-2019 by over 0.8 MMT, CN said. The railway also moved over 1.1 MMT of containerized Western grain during the crop year. Click here for more FreightWaves articles by Joanna Marsh.Related articles:Canadian Class I railroads boast record grain volumes for JuneCanadian Pacific says mid-50s operating ratio within reachCN eyes intermodal opportunities to boost 2H 2020Commentary: Steel rivers of grain continue to flowCompeting countries, strong dollar influence US grain exportsSee more from Benzinga * Funding Go-Ahead For Mississippi River Deepening Seen As Boon For Exports * Isaias Disrupting East Coast Markets – FreightWaves NOW * Qantas Shuts Melbourne Airport Facility As Government Tightens COVID Lockdown(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 08/03/2020
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Do Railroad Takeovers Only Happen in Crises?
- (Bloomberg Opinion) -- The time may finally be right for another big railroad deal. All it took was another economic downdraft.Private equity firms Blackstone Group Inc. and Global Infrastructure Partners are reportedly weighing a joint bid for Kansas City Southern that would value the railroad at about $21 billion including debt. Any takeover would also add to an aggressive flurry of dealmaking over the past few days after a pandemic-inspired lull. Siemens Healthineers AG agreed to buy U.S. radiotherapy company Varian Medical Systems Inc. for about $16 billion, while 7-Eleven owner Seven & i Holdings Co. is paying $21 billion for Marathon Petroleum Corp.’s Speedway gas stations. Waiting in the wings is a potential takeover of the popular video-sharing app TikTok and a Nvidia Corp. buyout of SoftBank Group Corp.’s Arm Ltd. chip-designing business. The sudden rash of dealmaking suggests buyers with supple balance sheets are getting more comfortable with the trajectory of an eventual recovery from the coronavirus pandemic, even as cases surge again.It’s notable that railroads may be included in this latest deal frenzy. There hasn’t been a major takeover of a North American railroad since Warren Buffett’s Berkshire Hathaway Inc. struck a $36 billion deal for Burlington Northern Santa Fe in 2009. There were attempts by Canadian Pacific Railway Ltd. under the leadership of legendary railroader Hunter Harrison to seek a merger first with CSX Corp. in 2014 and then Norfolk Southern Corp. in 2015, but the carrier was rebuffed each time amid antitrust concerns. The failed talks showed the hurdles for any merger between the largest North American train operators after a wave of dealmaking in the late 1990s consolidated the industry into effectively seven main players, of which Kansas City Southern is the smallest and one of the few with major infrastructure in Mexico. As Buffett proved, though, a private investor is a different story. The irony may be that Harrison, a big believer in the benefits of consolidation who died in 2017, may have done more to prolong the lull in railroad dealmaking than bring it back. Before his death, Harrison served a brief term as CEO of CSX. His tenure there was tumultuous and he managed to ruffle quite a few feathers, but in the end, he was able to prove to both investors and his fellow railroad CEOs that his signature “precision-scheduled railroading” — a strategy for reducing the capital, cars and people needed to run trains efficiently — could work for U.S. carriers.Analysts had previous contended the U.S. railroads’ circuitous lines across mountainous terrain would make it more difficult for them to reach the levels of profitability that Harrison had produced at Canadian Pacific and at Canadian National Railway Co. before that. Posthumously, nearly all of his rivals — from Union Pacific Corp. to Norfolk Southern and, yes, Kansas City Southern— have adopted some form of precision-scheduled railroading. Burlington Northern is the only odd man out. The problem with this for would-be buyers of railroads is that this push for efficiency has increased both the profit margins and the stock prices of said railroads. Before news of the potential private equity approach on Friday, Kansas City Southern was actually up about 2% for the year, compared with a nearly 12% slide for the S&P 500 Industrial Index and a virtually flat performance for the broader benchmark. The reported $21 billion price tag would value Kansas City Southern at a premium to its all-time high set in February and Bloomberg Intelligence analysts warn even that may not be high enough. To justify a deal at these levels, the private equity buyers would have to be able to argue that the full scale of profit improvements under precision-scheduled railroading isn’t fully appreciated by the public markets. It’s hard to see how they do that. In January, before the worst of the pandemic, Kansas City Southern had predicted it would meet its 2021 goal of bringing its operating ratio — a measure of profitability where a lower number is better — down to the range of 60% to 61% a year early. The pandemic obviously undermined those plans. But even amid the sharp slump in volumes that’s ensued over the intervening months, Kansas City Southern in July raised its target for estimated cost savings this year to $95 million, excluding benefits from labor cuts and lease negotiations. That’s up from $61 million. After the rally on the deal news, the company trades at about 22 times estimated 2021 earnings, above the valuation commanded by other railroads that are further along in the process of precision-scheduled railroading.This makes any transaction more of a bet on the future of trade between the U.S. and Mexico and a push to relocate manufacturing away from China. It’s a decent wager given the recent resurgence of interest among U.S. industrial companies to consider factories a bit closer to home. The caveat to that is Mexico’s more volatile regulatory and political environment. Amidst the pandemic, many manufacturers complained of a harsher approach to factory lockdowns across the border than in the U.S., a sign that the potential for supply-chain disruptions lingers even with the recently signed United States-Mexico-Canada trade agreement. I’m reminded of an interview with Harrison that I participated in at Bloomberg headquarters in 2015: “I don’t like Kansas City Southern because of the Mexico play,” he said. “I don’t like Mexico. I like to play in an arena where I know the rules, and I understand what might happen. That’s crazy down there.” This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/03/2020
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Canadian Pacific (CP) Hits 52-Week High, Can the Run Continue?
- Canadian Pacific (CP) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 07/30/2020
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CP releases climate change statement; reiterates commitment to sustainability
- CALGARY, AB, July 30, 2020 /CNW/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) has released its first public statement on climate change. The statement acknowledges the effects of rising global temperatures and lays out CP's commitment to ongoing efforts to mitigate the impacts.
- 07/30/2020
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5 Undervalued Stocks With 5-Star Predictability
- Canadian Pacific Railway tops the list Continue reading...
- 07/27/2020
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Despite a Lousy Second Quarter, Railroad Stocks Could Be Poised for a Rebound
- Given this past week's quarterly results from North America's railroad companies, it would be easy to presume the worst. Union Pacific (NYSE: UNP) reported a 24% decline in freight revenue. Canadian Pacific Railway (NYSE: CP) seemed to fare slightly better, topping earnings estimates of 3.77 Canadian dollars per share for its second quarter.
- 07/27/2020
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A Fan of the New IBM
- Big Blue’s new direction and new management get one brokerage firm’s vote. Also, Wall Street views on Brightcove, Jazz Pharmaceuticals, Meta Financial Group, and Canadian Pacific.
- 07/25/2020
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Weekly U.S. Intermodal Volumes Narrow Gap
- The gap between this year's U.S. intermodal volumes and last year's on a weekly basis is narrowing, with last week's volumes only 1.7% lower than the same period in 2019.U.S. intermodal units for the week ending July 18 totaled 266,912 containers and trailers, which is 1.7% lower than the same period a year ago, according to the Association of American Railroads.U.S. carloads are also narrowing their gap, although there is still a double-digit percentage difference between this year and last year. U.S. weekly carloads totaled 214,685 carloads, a 15.7% decline compared with the same period last year.Combined carload and intermodal traffic for U.S.-originated loads totaled 481,597 carloads and intermodal, which is an 8.5% drop compared with the same weekly period in 2019.Meanwhile, year-to-date U.S. volumes total 13.07 million carloads and intermodal units, 12.8% lower than a year ago.U.S carloads (blue: RTOTC.USA), intermodal trailers (orange: RTOIT.CLASSI) and containers (green: RTOIC.CLASSI) over the past year. The data comes from the Association of American Railroads. (SONAR)Intermodal: the Comeback Kid?The 1.7% difference between weekly U.S. intermodal volumes this year and last year – North American intermodal units are down 1.8% on a weekly basis – comes as the Class I railroads are reporting that both domestic and intermodal volumes have been increasing steadily since their pandemic-induced lows in April.Vessel operators that had previously canceled sailings in the third quarter have since reinstated some of those sailings, resulting in increased activity for the railroads' international intermodal segments, companies said during their second-quarter earnings results this week and last week. Meanwhile, e-commerce has helped to boost domestic intermodal volumes, the railroads said.This SONAR chart graphs U.S. Customs data to show maritime import shipments by port over the last three months. The chart tracks shipments to a port using a seven-day average. Blue (ICSTM.LAX) represents the Port of Los Angeles, while green (ICSTM.LGB) indicates the Port of Long Beach and purple (ICSTM.NYC) represents the Port of New York/New Jersey. Orange (ICSTM.SAV) indicates the Port of Savannah and yellow (ICSTM.HOU) represents the Port of Houston. (SONAR)"In April and May, they were obviously tough months for us both for domestic and international [intermodal], but we started to see volumes rebound nicely in June, especially on the domestic side as the economy began to reopen and we saw inventories being replenished [for] some of the retailers," said Mark Wallace, executive vice president for sales and marketing at CSX Corporation (NASDAQ: CSX). "We also saw strong volume surges for our e-commerce business as individuals stayed home but shopped online...We think that strength will continue and we're encouraged" by the reversal of the blanked sailings, Wallace said during CSX's second-quarter earnings call on Thursday, July 23.At Canadian Pacific Railway Limited (NYSE: CP), CP Chief Marketing Officer John Brooks said, "There's a lot of uncertainty in this [intermodal] space [with consumers and the pandemic outcome]...But I think our forecast right now is we continue to see, I would say a little bit of a surge here continue in the third quarter and then maybe a little bit of normalization as you move back into the fourth quarter. But that's going to all be dependent on what we see happen with this pandemic."But even if the coronavirus pandemic lingers for several months, e-commerce and the do-it-yourself movement are two factors that could help support intermodal volumes in the back half of the year."We are very bullish on the strength of the consumer in North America, even more so on the consumer living in the U.S. in a big city, because we have a three-coast network and we can access some of the highly populated areas," said Canadian National Railway Company (NYSE: CNI) CEO JJ Ruest during his company's second-quarter earnings call. "And the consumer disposable income is really key to CN's future. And the product that's most-suited to exploit the consumer spending and disposable income is intermodal. And the business coming by the port is definitely one of our mid- to long-term strategies to increase our business in that space."Click here for more FreightWaves articles by Joanna Marsh.Related articles:CSX views 2H with guarded optimismCN eyes intermodal opportunities to boost 2H 2020Canadian Pacific says mid-50s operating ratio within reachKansas City Southern seeks to maintain PSR-related cost cutsSee more from Benzinga * Hapag-Lloyd Promising Cargo Loaded As Booked * Report: Wide Use Of Self-Driving Vehicles 'At Least' A Decade Away * Drilling Deep: Fighting Nuclear Verdicts By Preparing For Them Now(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/23/2020
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Canadian Pacific (CP) Q2 Earnings Beat Estimates, Down Y/Y
- Low freight revenues due to COVID-19 hurt Canadian Pacific's (CP) second-quarter 2020 results. Low costs however, provide are a positive.
- 07/23/2020
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Canadian Pacific Railway Ltd (CP) Q2 2020 Earnings Call Transcript
- CP earnings call for the period ending June 30, 2020.
- 07/22/2020
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Canadian Pacific's Second-Quarter Net Profit Falls 12%
- Canadian Pacific Railway Ltd's (NYSE: CP) second-quarter net profit slipped 12% amid a 9% decrease in revenue.Net income totaled C$635 million (US$473 million), or C$4.66 in diluted earnings per share, in the second quarter of 2020, compared with C$724 million, or C$5.17 in diluted earnings per share, in the second quarter of 2019."The CP family of railroaders has achieved these results during some of the most challenging conditions the world has experienced in recent memory," said CP President and CEO Keith Creel. "Our second-quarter results showcase the resiliency of our people and of the precision scheduled railroading (PSR) operating model. The COVID-19 pandemic has created immense challenges, but CP has risen to the occasion, adapted and responded to the benefit of our customers, communities and shareholders. The pride I feel each day coming to work with this team has never been stronger."As with its Class I counterparts, the coronavirus pandemic caused lower rail volumes and a drop in revenue compared to a year ago. Second-quarter revenue was nearly C$1.8 billion, compared with nearly C$2 billion for the same period in 2019.But costs were also lower, with second-quarter operating expenses totaling C$1 billion versus C$1.16 billion in the second quarter of 2019. Among the cuts in operating costs was a 44% decline in fuel expenses to C$131 million.(Canadian Pacific)Meanwhile, the railroad's operating ratio was 57% in the second quarter, compared with 58.4% a year ago. Operating ratio, which is a company's expenses as a percentage of its revenue, is a financial metric that some investors use to gauge the financial health of a company. A lower operating ratio can imply improved financial performance."While economic uncertainty remains, we're controlling what we can control – our costs," Creel saidl. "Our strong bulk franchise, which included record movements for Canadian grain and potash in the first half of the year, helped to offset some of the declines we experienced in other lines of business."Creel continued, "Given our strong cost control measures, industry-leading execution of the PSR model, and improved clarity on the volume environment, we now expect positive adjusted diluted EPS [earnings per share] growth for the year."Terminal dwell and train speed were relatively flat in the second quarter. Train speed was 22.4 miles per hour, same as a year ago, while terminal dwell, which is the amount of time a train is at a terminal, ticked up to 6.5 hours compared with 6.4 hours a year ago.But trains were heavier and longer in the second quarter compared to a year ago. Average train length grew 8% to 8,089 feet, while average train weight for non-local traffic rose 7% to 9,984 tons.(Canadian Pacific)Click here for more FreightWaves articles by Joanna Marsh.Related articles:Canadian Pacific finalizes US portion of Atlantic Canada short lineCanadian Class I railroads boast record grain volumes for JuneCanadian Pacific puts faith in PSR and employeesSee more from Benzinga * Innovative Fleets Taking Advantage Of Open-Platform Technology * LATAM Lands Brazil's Last COVID-19 Emergency Air Bridge Flight * FreightWaves 3PL Summit: Software, Personal Relationships Drive Carrier Compliance And Safety(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/22/2020
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Canadian Pacific Railway Limited (CP) CEO Keith Creel on Q2 2020 Results - Earnings Call Transcript
- Canadian Pacific Railway Limited (NYSE:CP) Q2 2020 Earnings Conference Call July 22, 2020 09:30 AM ET Company Participants Maeghan Albiston - Assistant Vice President, Investor Relations & Pensions Keith Creel - President & Chief Executive Officer John Brooks - Executive Vice President & Chief Marketing Officer Nadeem Velani - Executive Vice President & Chief Financial Officer Conference Call Participants Jon Chappell - Evercore ISI Tom Wadewitz - UBS Steve Hansen - Raymond James Ravi Shanker - Morgan Stanley Fadi Chamoun - BMO Konark Gupta - Scotiabank Chris Wetherbee - Citi Walter Spracklin - RBC Capital Markets Ken Hoexter - Bank of America Benoit Poirier - Desjardins Capital Markets Scott Group - Wolfe Research Seldon Clarke - Deutsche Bank David Vernon - Bernstein Brian Ossenbeck - JPMorgan Justin Long - Stephens Allison Landry - Credit Suisse David Zazula - Barclays Presentation Operator Good morning.
- 07/22/2020
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Canadian Pacific Railway Limited 2020 Q2 - Results - Earnings Call Presentation
- The following slide deck was published by Canadian Pacific Railway Limited in conjunction with their 2020 Q2 earnings call.
- 07/22/2020
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Declining Scale Could Weigh On Canadian Pacific
- CP reports earnings July 22nd. Revenue is expected to fall by double digits.
- 07/20/2020
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ClearBridge Appreciation Strategy Portfolio Manager Commentary Q2 2020
- ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers.
- 07/20/2020
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Stocks To Watch: Vaccine Players, Earnings Blitz And Fiscal Debate
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
- 07/18/2020
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Here's Why Canadian Pacific (CP) is a Great Momentum Stock to Buy
- Does Canadian Pacific (CP) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 07/17/2020
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The Zacks Analyst Blog Highlights: Marten Transport, Canadian National Railway, TFI International, Canadian Pacific Railway and Werner Enterprises
- The Zacks Analyst Blog Highlights: Marten Transport, Canadian National Railway, TFI International, Canadian Pacific Railway and Werner Enterprises
- 07/17/2020
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Canadian Pacific (CP) Expected to Beat Earnings Estimates: Should You Buy?
- Canadian Pacific (CP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/15/2020
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Top Stocks To Buy On A Sell-Off
- Let your winners continue winning, but begin compiling a watch list to buy on a pullback. These top-ranked industries are the best hunting ground for ideas.
- 07/13/2020
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Canadian Pacific Railway Limited (TSE:CP) Shares Could Be 26% Above Their Intrinsic Value Estimate
- In this article we are going to estimate the intrinsic value of Canadian Pacific Railway Limited (TSE:CP) by...
- 07/12/2020
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Were Hedge Funds Right About Shunning Canadian Pacific Railway Limited (CP)?
- We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
- 07/09/2020
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Canadian Class I Railroads Boast Record Grain Volumes For June
- The Canadian railways again achieved record grain hauls in June.CN (NYSE: CNI) said Tuesday it hauled 2.7 million metric tonnes (MMT) of Canadian grain in June, the fourth consecutive month that CN hit a monthly record.CN also achieved a second-quarter record for grain moved, at 8.15 MMT. For the first six months of this year, the railway has moved 15 MMT.Year-to-date grain volumes since the start of the 2019-2020 harvest year on Aug. 1, 2019, total 26.9 MMT, compared with 26.5 MMT year-to-date for the same period in 2018-2019. Of that year-to-date total for 2019-2020, 1 MMT was shipped via container as an intermodal shipment."From Canadian farmers to port terminals, these achievements are a testament to the strength of our supply chain and its ability to meet the continued strong global demand for grain," said James Cairns, CN's senior vice president of the rail centric supply chain. "Strong demand for grain through the second quarter, coupled with strong execution by CN's dedicated team of railroaders, allowed us to achieve our record quarterly results and for the first half of 2020. Those results come after challenges earlier in the crop year." Meanwhile, competitor Canadian Pacific (NYSE: CP) also said it experienced its "best-ever quarter" and June for hauling Canadian grain. CP moved 2.76 MMT of Canadian grain and grain products in June and 8.41 MMT for the second quarter. The railway also said its year-to-date crop volumes are 8.8% ahead of last year's pace."The collaborative relationships CP has built with its customers, combined with responsive rail service, have contributed to another quarter of record-breaking grain movements," said Joan Hardy, CP's vice president of sales and marketing for grain and fertilizers. Both railways attribute the record volumes to investments they've made to their networks in recent years. CP attributed the record volumes in part to its nearly 2,700 new high-capacity hopper cars, which can carry 15% more volume and 10% more weight compared with older cars, and to its 8,500-foot high-efficiency product train model, which can haul 40% more grain than the 7,000-foot model.According to the Association of American Railroads, year-to-date Canadian carloads of grain totaled 219,052 for the week ending June 27, a 3.6% drop compared with the same period in 2019. Protesters blocking the western rail network in February in support of a First Nations' group's objections over the location of a proposed gas pipeline might have affected year-to-date grain volumes.Canadian grain carloads over the past year. (SONAR: RTOGR.CAN)CN will report its second-quarter financial results on July 21, and CP will report its second-quarter results on July 22.Click here for more FreightWaves articles by Joanna Marsh.Related articles:Canadian railroads shatter previous May grain recordsCompeting countries, strong dollar influence US grain exportsCommentary: Steel rivers of grain continue to flowSee more from Benzinga * Merrill Lynch Boosts Knight Swift, J.B. Hunt And ArcBest * Amazon To Power Cargo Jets With Sustainable Fuel * Commentary: Do Environmental Regulations Really Push Markets?(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/08/2020
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CP announces best-ever quarter and June for transporting Canadian grain
- Canadian Pacific (TSX: CP) (NYSE: CP) announced today its best-ever quarter and June for moving Canadian grain and grain products. The two records are the latest in a standout crop year of linking Canadian producers to worldwide markets.
- 07/07/2020
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Ryanair (RYAAY) June Traffic Results Hurt By Coronavirus Woes
- Low air travel demand due to the COVID-19 pandemic dents Ryanair's (RYAAY) June Traffic. However, its July projection to carry more than 4.5 million passengers is a tailwind.
- 07/03/2020
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Jetblues'(JBLU) Pilots Union Inks Agreement to Avoid Furloughs
- JetBlues'(JBLU) inks an agreement with its pilots union to avoid involuntary furloughs until May 1, 2021.
- 07/02/2020
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Banks Get Punted From Thailand’s List of Most Valuable Companies
- (Bloomberg) -- Thailand’s biggest banks aren’t so large when it comes to their market values.Siam Commercial Bank Pcl was overtaken last month by agro-industrial firm Charoen Pokphand Foods Pcl, leaving Thailand as the only Southeast Asian economy without lenders among its 10 most-valuable companies.Indonesia, Malaysia, Singapore and Vietnam each have three banks in their top 10. The Philippines counts two, with at least two other enterprises providing some financial services.“Big is not necessarily better for banks,” said Diksha Gera, an analyst at Bloomberg Intelligence in Singapore. “Slow economic growth has resulted in weak balance-sheet growth,” she said, adding that Thai lenders need new markets to increase their scale because of limited domestic opportunities.The Stock Exchange of Thailand Banking Index has dropped 35% this year, compared with a 15% decline for the benchmark gauge.“The most natural outward moves for Thai banks would be to Cambodia, Laos, Myanmar and Vietnam, though Bangkok Bank’s recent acquisition in Indonesia may spur other large lenders’ M&A; interest too,” she said. “But expanding outside the home market isn’t usually ideal for shareholder returns, as it is challenging to create shareholder value.”At home, Thai banks face the deepest economic contraction since the 1990s, an aging population and recent regulatory changes designed to narrow margins on both loans and fee-based activities.“The appeal of Thai banks compared with other regional lenders is being reduced,” said Theerasate Prompong, an analyst at Maybank Kim Eng Securities (Thailand) Pcl.Change of GuardThe 10 largest exchange-traded Thai companies now include four different energy, power or chemical producers, led by state-controlled PTT Pcl. Airports of Thailand Pcl, telecom operator Advanced Info Service Pcl and convenience-store owner CP All Pcl are also in the group, as are Thai Beverage Pcl and Bangkok Dusit Medical Services Pcl.Regionally, there’s also been a changing of the guard.On June 17, online shopping and gaming firm Sea Ltd. became the most-valuable company in Southeast Asia when it eclipsed Indonesia’s PT Bank Central Asia. The 11-year-old technology firm passed Singapore’s DBS Group Holdings Ltd. for the No. 2 slot in mid-May.“Banks are what shopping centers were 10 years ago,” said Mark Matthews, head of Asia research for Bank Julius Baer & Co. in Singapore. Retail branch banking is being downsized and services “are being absorbed into 7-Elevens,” he said.Siam Commercial currently ranks 11th among Thai companies by market capitalization, with Kasikornbank Pcl and Bangkok Bank Pcl at 12th and 16th, respectively.Still, market cap isn’t everything as long as the lenders remain profitable. “Thai banks behave like an oligopoly and haven’t let their margins collapse through aggressive price undercutting,” Gera said. “The major Thai banks are well-managed with a focus on profitability instead of size.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/01/2020
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SkyWest (SKYW) Stock Down 43.2% Since February: Here's Why
- Tumbling air-travel demand ails SkyWest (SKYW). Flared-up costs also deflate hopes.
- 06/26/2020
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Here's Why You Must Give Canadian Pacific (CP) Stock a Shot
- Reduced costs, thanks to the precision scheduled railroading model, are helping Canadian Pacific (CP) better deal with coronavirus-induced setbacks.
- 06/25/2020
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CP to report second-quarter 2020 earnings results on July 22, 2020
- Canadian Pacific (TSX: CP) (NYSE: CP) will release its second-quarter 2020 financial and operating results at 9:00 a.m. eastern time (7 a.m. mountain) on July 22, 2020.
- 06/24/2020
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Top Railroad Stocks for Q3 2020
- The railroad industry is one of the major components of the transportation sector and is closely tied to the economy's growth. Railroad companies operate vast networks that transport agricultural products, packaged foods, commodities, electronics, and other goods to companies and consumers.
- 06/17/2020
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Canadian grain exports flowing fast as pandemic lock-downs clear railway space
- Canadian grain exporters are boosting sales in a slumping global economy, as demand for commodities like oil weakens and frees up railway space. Major exporters include Richardson International, Viterra and Cargill. Declining coal and crude volumes and Canadian National Railway Co's recent purchases of locomotives and hopper cars have driven up grain shipments, said Sean Finn, CN executive vice president of corporate services.
- 06/17/2020
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5 Undervalued Companies With Profitable Business
- Comcast makes the list Continue reading...
- 06/12/2020
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Hedge Funds Are Warming Up To Canadian Pacific Railway Limited (CP)?
- The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
- 06/05/2020
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CP donates US$1 million to three U.S. charities dedicated to strengthening people and communities
- In response to ongoing social unrest and social injustice across the United States, Canadian Pacific (TSX: CP) (NYSE: CP) is donating US$1 million to three organizations to support the people of Minneapolis, home to the headquarters of CP's U.S. operations, as well as support meaningful positive change nationally.
- 06/04/2020
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Canadian Pacific Finalizes US Portion Of Atlantic Canada Short Line
- Canadian Pacific Railway Ltd (NYSE: CP) has been given the green light to own the portion of the Central Maine & Quebec (CMQ) Railway operating in the U.S.The Surface Transportation Board approved CP's acquisition of CMQ US on May 4. It became effective on Wednesday, June 3. CMQ will act as a subsidiary of CP. The acquisition of CMQ's Canadian operations was finalized on December 30, 2019. CP has said the acquisition of the U.S. and Canadian operations of the short line railroad would boost CP's reach into eastern Canada, as well as grow CP's network into about 13,000 miles coast-to-coast over six Canadian provinces and 11 U.S. states.The short line provides CP access to ports at Searsport, Maine, and Saint John, New Brunswick, via the Eastern Maine Railway and the New Brunswick Railway. The connections give CP access to a route to Montreal and Toronto that's approximately 200 miles shorter than its competitor CN (NYSE: CNI). CP executives have also said previously that the acquisition could provide opportunities to compete with the eastern Canadian trucking market. CMQ Canada's 236.8-mile route spans from St-Jean-sur-Richelieu, Quebec, to the Maine border, while CMQ US consists of 244.2 route miles in Maine and Vermont. CMQ US also consists of 57.3 route-miles leased from the Maine Department of Transportation. "This transaction is a generational business opportunity for CP," said Keith Creel, CP's president and CEO. "It enables us to serve customers through a larger coast-to-coast network across Canada and brings direct Class I freight rail service to the State of Maine for the first time in decades."CP also said it would invest as much as $90 million over the next three years to bring the infrastructure up to Class III standards as designated by the Federal Railroad Administration.Previously, portions of the track have been reported as having structural deficiencies."Today's expansion of the CP network creates opportunities to move products in literally every line of business in our portfolio," said John Brooks, CP's chief marketing officer. "Through the precision scheduled railroading model and the commitment of our people, we will unlock new potential for business and industry across this region and beyond."See more from Benzinga * Ryder's Debt Rating Slashed By Moody's * McLeod Software Partners With Vector To Streamline Fleet Billing, Operations * Produce Disrupts National Reefer Capacity – FreightWaves NOW(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 06/03/2020
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CP completes acquisition of Central Maine & Quebec Railway, expanding reach and optionality
- CALGARY, AB , June 3, 2020 /CNW/ - Canadian Pacific (CP) (CP) today completed its previously announced acquisition of the Central Maine & Quebec Railway US Inc. (CMQ US). Together with the earlier acquisition of Central Maine & Quebec Railway Canada Inc. (CMQ Canada), this completes CP's purchase of the entire CMQ network, which was first announced in November 2019 .
- 06/03/2020
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CP completes acquisition of Central Maine & Quebec Railway, expanding reach and optionality
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Service excellence and collaboration contribute to CP breaking May Canadian grain and grain products shipping record
- CALGARY, AB , June 2, 2020 /CNW/ - Canadian Pacific (CP) (CP) set a new record for shipping Canadian grain and grain products in May, moving 2.80 million metric tonnes (MMT). As of May 31, 2020 , CP's movement of grain for the 2019-2020 crop year was 24.17 MMT. "The CP family has continued to deliver service excellence to our customers in this COVID-19 environment," said Mark Redd , CP Executive Vice-President Operations.
- 06/02/2020
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Service excellence and collaboration contribute to CP breaking May Canadian grain and grain ...
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Is Canadian Pacific Railway Limited (TSE:CP) Potentially Undervalued?
- Let's talk about the popular Canadian Pacific Railway Limited (TSE:CP). The company's shares saw a significant share...
- 05/28/2020
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CP's Executive Vice-President and Chief Financial Officer to address UBS Global Industrials and Transportation Conference on June 3, 2020
- Canadian Pacific's (TSX: CP) (NYSE: CP) Executive Vice-President and Chief Financial Officer, Mr. Nadeem Velani, will address the UBS Global Industrials and Transportation Conference on June 3, 2020, at 2:10 p.m. ET.
- 05/28/2020
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CP's Executive Vice-President and Chief Financial Officer to address UBS Global Industrials and ...
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Wells Fargo Maintains Overweight on Canadian Pacific Railway, Raises Price Target to $271
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Canadian Pacific Stock Rises Amid Record Grain Shipments This Year Despite Covid-19
- A Relative Strength Rating upgrade for Canadian Pacific Railway shows improving technical performance. Will it continue?
- 05/21/2020
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Why Is Canadian Pacific (CP) Up 8.4% Since Last Earnings Report?
- Canadian Pacific (CP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 05/21/2020
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Shares of several railroad companies are trading higher as equities gain for the session. Economic optimism amid strong earnings from some US retailers and the reopening of some US states is a potential positive for transportation stocks
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Rail Meets Regulatory Round-Up
- Last week, the Surface Transportation Board and the Transportation Safety Board of Canada took steps that could potentially lead to a modification of existing regulations. Here's what happened:Surface Transportation Board welcomes talks with stakeholders on rate reviewThe Surface Transportation Board (STB) is allowing board members and staff to meet informally with stakeholders over the board's proposed rule regarding the final offer rate review. The proposed rule is part of the proceeding Ex Parte 755.The Board's procedures normally don't allow for discussions between board members and stakeholders, but STB has waived this rule recently as it debates how it should handle certain long-standing issues between the railroads and shippers.Of particular interest to the Board are comments regarding arbitration and other rate review options for smaller cases. STB will open itself up for discussions with stakeholders from June 1 to July 15. It had closed the initial comment period on January 10, but after reviewing the comments, STB is seeking input on how best to establish a new rate review methodology generally. The board also "wishes to explore whether its existing arbitration program could be modified to provide a practical alternative dispute resolution mechanism to address smaller rate disputes," according to a May 15 notice.The Board had issued a notice of proposed rulemaking for the final offer rate review in September 2019. The proposed rule calls a new procedure for challenging the reasonableness of railroad rates in smaller cases. According to STB, the Board would decide a case by selecting either the complainant's or the defendant's final offer, subject to an expedited procedural schedule that adheres to firm deadlines. The existing arbitration guidelines can be found here. STB defines arbitration as an alternative dispute resolution process that allows parties to resolve a dispute in a private setting as opposed to a formal proceeding before the Board. But smaller shippers have argued that the process can be cost-prohibitive. The proposed final offer rate review would use procedural limitations to constrain the cost and complexity of a rate case.Last week's decision to seek stakeholders' comments is just the latest action that the Board has taken to resolve certain long-standing issues. Last month, the Board issued decisions on demurrage and accessorial charges.Safety Board tells Transport Canada to check brake testThe Transportation Safety Board of Canada (TSB) said on May 12 that it has advised Transport Canada to examine the reliability of an existing test designed to identify ineffective brakes on rail cars. Last month, TSB sent a letter to Transport Canada asking the agency to review the effectiveness of the "No. 1 brake test" as the TSB continues to investigate a February 2019 derailment of a Canadian Pacific (NYSE: CP) train near Field, British Columbia. The derailment resulted in the deaths of three train crew members.The existing brake test requires at least 95% of a train's air brakes to be operational. TSB based its recommendations on two factors. In 2015, CP, Transport Canada, and the National Research Council began a research project that gauged the effectiveness of automated train brakes as an alternative or in combination with manual brake tests. The researchers determined that the No. 1 brake test and another type of test yielded vastly different results when studying the data of wheel temperatures.CP employees had also notified the railway that unit grain trains descending Field Hill in winter operating conditions would sometimes have difficulty in maintaining train speed, even though these trains had passed the No. 1 brake test.The "test results and the hazard notifications of train braking anomalies on Field Hill both suggest that the No. 1 brake test does not reliably identify ineffective brakes in rail cars," TSB said in the April 20 letter signed by Paul Treboutat, the director for rail and pipeline investigations for TSB. "Given this information, Transport Canada is advised that an alternate approach to determining the effectiveness of freight car air brakes is required to ensure that departing trains have sufficient effective brakes to operate safely."According to TSB, the February 4, 2019 derailment involved a unit grain train that ran uncontrolled, resulting in the derailment of 99-grain cars and two locomotives. The train ran on distributed power with one locomotive as the lead, another in the middle of the 6,677-foot long train, and a third locomotive at the tail end. A day earlier, the train's crew members were unable to control the train at a speed below 15 miles per hour as it traveled on a steep descending grade. The crew had to place the train in energy to stop it, TSB said.Photo provided by FreightWaves.See more from Benzinga * Heavy Rainfall To Flood Roads From Midwest To Southeast * COVID-19 Leads To Spot Rate Hikes * Today's Pickup: Bulkloads Rolls Out Early Features Of TMS(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 05/19/2020
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Saya Management Lp Buys Ball Corp, Air Products & Chemicals Inc, Canadian Pacific Railway, ...
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Shares of several industrial companies are trading lower amid market weakness following US unemployment data and recent cautious comments from the WHO. Sentiment is also negative following cautious comments from Fed Chair Powell and bearish outlook from some major US investors on Wednesday. Cautious economic sentiment has potentially hampered the outlook for industrial output and investment.
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Allegiant Travel (ALGT) Q1 Earnings Beat Estimates, Down Y/Y
- Supressed air travel demand amid COVID-19 crisis hurts Allegiant Travel's first-quarter 2020 financials. However, lower fuel costs are a tailwind.
- 05/13/2020
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This Top $13B International Fund Won’t Buy a Stock That Fails Its Corporate Culture Test
- The WCM Focused International Growth fund focuses a lot on corporate culture to make stock picks from across the globe. But its own culture is also unique within the fund management industry.
- 05/13/2020
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Barometer Capital Management Inc. Buys TELUS Corp, Newmont Corp, BCE Inc, Sells Canadian ...
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Philly Fed Pres Harker Says Evidence Is Overwhelming Something Needs To Be Done To Help Train Workers For New Careers
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Toron Capital Markets Inc. Buys Shopify Inc, Brookfield Asset Management Inc, Pembina Pipeline ...
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Nicola Wealth Management Ltd. Buys Verizon Communications Inc, Deere, Walmart Inc, Sells ...
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SkyWest (SKYW) Q1 Earnings Miss Estimates, Load factor Tanks
- Fall in air travel demand due to the COVID-19 outbreak hurts SkyWest's (SKYW) Q1 Earnings
- 05/08/2020
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Air Lease's (AL) Q1 Earnings Miss Estimates, Decline Y/Y
- Rise in expenses hurts Air Lease's (AL) first-quarter 2020 earnings. Meanwhile, rental revenues of flight equipment were a positive.
- 05/08/2020
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Her Majesty the Queen in Right of the Province of Buys Royal Bank of Canada, Alibaba Group ...
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Copa Holdings (CPA) Beats on Q1 Earnings, Load Factor Falls
- Drop in air travel demand hurts Copa Holdings' (CPA) Q1 performance. However, low fuel costs are a positive
- 05/07/2020
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CP's President and CEO to address virtual conferences in May
- Canadian Pacific's (TSX: CP) (NYSE: CP) President and Chief Executive Officer, Mr. Keith Creel, will address the following conferences virtually:
- 05/07/2020
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CP's President and CEO to address virtual conferences in May
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Hawaiian Holdings (HA) Incurs Loss in Q1, Load Factor Tanks
- Drop in travel demand due to COVID-19 pandemic hurts Hawaiian Holdings' (HA) first-quarter 2020 results
- 05/06/2020
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GATX Corp (GATX) Q1 Earnings Beat Estimates, Increase Y/Y
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Collaboration between CP, agricultural supply chain and customers delivers the best month for ...
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Schneider's (SNDR) Q1 Earnings Beat Estimates, Increase Y/Y
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Texas Pacific Land Trust Announces First Quarter 2020 Results
- Texas Pacific Land Trust (NYSE: TPL) today announced financial and operating results for the first quarter ended March 31, 2020.
- 04/30/2020
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Werner's (WERN) Q4 Earnings Beat Estimates, Decline Y/Y
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CN Rail profit beats, pulls 2020 forecast on coronavirus hit
- Shipping oil for producers looking for alternatives to congested pipelines gave railroad a boost, but oil market woes could take away business
- 04/28/2020
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UPS Misses on Q1 Earnings, Scraps 2020 EPS & Revenue View
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CP Rail: A 5-Star Stock at a Bargain Price
- Big improvements in its operating ratio have fueled strong returns Continue reading...
- 04/27/2020
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Triton's (TRTN) Q1 Earnings Miss Estimates, Q2 Outlook Bleak
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Statement from CP's President and CEO on the COVID-–9 pandemic
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Top Analyst Upgrades and Downgrades: Apple, AT&T, Avis Budget, Baidu, Baker Hughes, Biogen, Chipotle, Kinder Morgan, Netflix, Shopify, Ulta and More
- Thursday's top analyst upgrades and downgrades included Apple, AT&T, Avis Budget, Baidu, Baker Hughes, Biogen, Chipotle Mexican Grill, Kinder Morgan, Netflix, Shopify and Ulta Beauty.
- 04/23/2020
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Were Hedge Funds Right About NXP Semiconductors NV (NXPI)?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 04/22/2020
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Rails to the rescue in oil storage dilemma?
- Wells Fargo tackles the question if rail cars can be used to store excess crude oil with about 100K cars sitting idle in the U.S. "The answer is technically, yes. Railcars can store crude for up
- 04/22/2020
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Credit Suisse Maintains Outperform on Canadian Pacific Railway, Lowers Price Target to $242
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Barclays Maintains Equal-Weight on Canadian Pacific Railway, Raises Price Target to C$335
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Canadian Pacific (CP) Receives a Buy from Cowen & Co.
- Cowen & Co. analyst Jason Seidl maintained a Buy rating on Canadian Pacific (CP) today and set a price target of $260.00. The company's shares closed
- 04/22/2020
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Edited Transcript of CP.TO earnings conference call or presentation 21-Apr-20 8:30pm GMT
- Q1 2020 Canadian Pacific Railway Ltd Earnings Call
- 04/22/2020
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Canadian Pacific Railway Q1 Adj. EPS C$4.42, Sales C$2.04B
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Earnings Scheduled For April 21, 2020
- Companies Reporting Before The Bell
Emerson Electric Co. (NYSE: EMR) is estimated to report quarterly earnings at $0.75 per share on revenue of $4.36 billion.
The Coca-Cola...
- 04/21/2020
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Canadian Pacific (CP) Beats Q1 Earnings and Revenue Estimates
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What's in Store for Canadian Pacific (CP) in Q1 Earnings?
- Canadian Pacific's (CP) first-quarter 2020 performance is likely to have benefited from impressive freight revenues and affected by supply chain disruptions
- 04/20/2020
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On strength of operating model and team, CP sets Q– record for grain movement with monthly ...
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Kansas City Southern (KSU) Q1 Earnings Beat, Increase Y/Y
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Wells Fargo Maintains Overweight on Canadian Pacific Railway, Lowers Price Target to $260
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Analysts Offer Insights on Services Companies: Canadian Railway (CNI), Canadian Pacific (CP) and Costco (COST)
- Analysts have been eager to weigh in on the Services sector with new ratings on Canadian Railway (CNI), Canadian Pacific (CP) and Costco (COST). Canadian
- 04/09/2020
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Deutsche Bank Maintains Buy on Canadian Pacific Railway, Lowers Price Target to $260
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Barclays Maintains Overweight on Canadian Pacific Railway, Lowers Price Target to $228
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Cardinal Capital Management, Inc. Buys TC Energy Corp, Pembina Pipeline Corp, Granite Real ...
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Transport Canada Issues New Speed Restrictions For Trains Hauling Dangerous Goods
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Video: 4 Large-Cap Stocks With Strong Buffett-Munger Characteristics
- Editorial Assistant James Li seeks good investing opportunities using GuruFocus’ All-in-one Screener Continue reading...
- 04/03/2020
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Video: 4 Large-Cap Stocks With Strong Buffett-Munger Characteristics
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Why the Earnings Surprise Streak Could Continue for Canadian Pacific (CP)
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Teck (TECK) Updates on Q1 Operations, Withdraws '20 Guidance
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Canadian National, Canadian Pacific Confident Of Their Post-Pandemic Response
- The Canadian railways say they will have the network capacity available to handle an anticipated surge in volumes once the coronavirus pandemic plays out and consumer patterns...
- 03/31/2020
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Benchmark Maintains Buy on Canadian Pacific Railway, Lowers Price Target to C$246
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What Activist Investors Do, According to Bill Ackman
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Rail Unions Seek Federal Help In Ensuring Coronavirus Response
- Two railroad labor unions are pressing the Federal Railroad Administration (FRA) to issue emergency orders pushing the freight and passenger railroads to adopt protective measures more speedily amid the growing coronavirus outbreak in the U.S.The requests come amid reports in social media that some Class
- 03/24/2020
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Texas Pacific Land Trust Approves Plan to Reorganize into a Delaware Corporation
- The Trustees of Texas Pacific Land Trust (NYSE: TPL) (the "Trust") announced today that the Trust has approved a plan to reorganize from its current structure to a corporation formed under Delaware law. The Trustees made their determination following careful consideration of the recommendation
- 03/23/2020
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CP to participate in a virtual Q&A with BMO Capital Markets on March —4, —…—…
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Cowen & Co. Maintains Their Buy Rating on Canadian Pacific (CP)
- Cowen & Co. analyst Jason Seidl maintained a Buy rating on Canadian Pacific (CP) yesterday and set a price target of $270.00. The company's shares
- 03/19/2020
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Canadian Pacific files proxy circular, announces virtual annual meeting of shareholders
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Global Cardiovascular Needle Market Analysis, Size, Share, Growth, Trends and Forecast to —…—7
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Is Thomson Reuters Corporation (TRI) A Good Stock To Buy?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/17/2020
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Here is What Hedge Funds Think About Newmont Corporation (NEM)
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/17/2020
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Hedge Funds Have Never Been This Bullish On The Travelers Companies, Inc. (TRV)
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/17/2020
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Is Canadian Pacific Railway Limited (CP) A Good Stock To Buy?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/16/2020
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Canadian Pacific Railway Sees RS Rating Improve To 79
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Stocks That Hit 52-Week Lows On Thursday
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Sustainable Infrastructure Dividend Fund Announces Exchange Ratios
- CALGARY, Alberta, March 11, 2020 -- Middlefield Group, on behalf of Sustainable Infrastructure Dividend Fund (the “Fund”), is pleased to announce the exchange ratios for the.
- 03/12/2020
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Deutsche Bank Maintains Buy on Canadian Pacific Railway, Lowers Price Target to $272
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Rail Blockades Created Huge Tab For Canadian Grain Producers, Industry Says
- Canadian grain producers anticipate industrywide costs of the recent rail blockades will total roughly C$300 million overall by the time network capacity returns to normal later...
- 03/10/2020
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Construction Of Alberta Crude Unit Expected To Start In April
- Energy logistics providers USD Partners (NYSE: USDP ) and Gibson Energy (TSX: GEI) expect construction of a diluent recovery unit (DRU) to begin next month at the Hardisty Terminal in Alberta, Canada. The unit will enable freight trains to transport a type of heavy crude oil from Alberta to the U.S. Gulf Coast. Canadian Pacific (NYSE: CP ), whose executives talked about the project during the railway's fourth-quarter earnings call in January, and Kansas City Southern (NYSE: KSU ) will be involved in the project. The project calls for construction to begin in April, with the DRU in service sometime in the second quarter of 2021. A subsidiary of ConocoPhillips has agreed to process 50,000 barrels per day of inlet bitumen blend through the DRU, according to USD, a master limited partnership formed by USD Group, and Gibson, a Canadian crude oil-focused infrastructure company. The DRU will produce DRUbit, which USD describes as "a proprietary heavy Canadian crude … Full story available on Benzinga.
- 03/09/2020
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Canadian Pacific announces C$'…… million debt offering
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Global Starch Based Edible Coatings Market Analysis of Major Segments and Future Opportunity ...
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Canadian Pacific announces US$500 million debt offering
- Canadian Pacific announces US$500 million debt offering
- 03/03/2020
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Canadian Pacific announces US$5…… million debt offering
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First Nations Group, Canadian Officials Reach Unspecified Deal On Pipeline
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Hydrocolloid Market (New PDF) [Review: —…—…-—…—9] | Top Players – DowDuPont, ...
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Why Is Canadian Pacific (CP) Down 6.6% Since Last Earnings Report?
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Canadian Rail Interests Fear Issues Surrounding Blockades Are Not Over
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Canada minister warns freight rail delays to last 'many weeks'
- Canada Transport Minister Garneau says the country is "many, many weeks" away from a return to normal for freight rail traffic, as blockades by anti-pipeline protesters could detract from Cana
- 02/26/2020
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Class I Rail Executives Talk Coronavirus, Truck Markets, Crude-By-Rail
- The coronavirus outbreak, truck market competition and crude-by-rail in Canada were key topics for Class I rail executives at recent investor conferences. Here's a roundup: Uncertainty Over Impact Of Coronavirus Outbreak The Class I railroads, along with their customers, are taking a wait-and-see approach to how the coronavirus outbreak might affect the North American supply chain . The timing of the outbreak was such that many workers in China received an extended holiday following the Lunar New Year, or they worked remotely. But factories still have to ramp up manufacturing, and it's unclear when production will return to normal. How a production lull in China will affect North American railroads remains to be seen, executives said. "I would not be surprised if we see another two, three, four weeks of ramp up before we … get to the point where we were four months ago," said Keith Reardon, senior vice president of the consumer product supply chain for Canadian National (NYSE: CNI ). Not only do Chinese manufacturers need to ramp up production, they also need to get the country's supply chain from the plants to the ports back in order, Reardon said Thursday at a Barclays investor conference.
- 02/26/2020
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Stock Upgrades: Canadian Pacific Railway Shows Rising Relative Strength
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Canadian Pacific Railway Ltd (CP) Files –…-K for the Fiscal Year Ended on December '–, ...
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Surgical Sutures Market Analysis, —…–9-—…—5- CP Medical, B. ...
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Transport Canada Ups Temporary Speed Limits For Crude Trains
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CP's President and CEO to address investor conferences in February
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PCJ Investment Counsel Ltd. Buys Norbord Inc, Algonquin Power & Utilities Corp, Manulife ...
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Pipeline Protests Could Shut Down Portions Of Canadian National's Network
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Will Slower Trains Impact Crude-By-Rail Capacity In Canada?
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Food Hydrocolloids Market by Share, Size, Manufacturers, Regions, Type and Application, ...
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Transport Canada Orders Trains Carrying Hazardous Goods To Slow Down
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Fiery Canadian Pacific Derailment Prompts Evacuation, Highway Closure
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Stocks That Hit 52-Week Highs On Wednesday
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Texas Pacific Land Trust Announces Fourth Quarter and Full Year 2019 Results
- Texas Pacific Land Trust (NYSE:TPL) today announced financial and operating results for the fourth quarter and year ended December 31, 2019.
- 01/30/2020
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Canadian Pacific (CP) Gets a Buy Rating from Merrill Lynch
- Merrill Lynch analyst Ken Hoexter maintained a Buy rating on Canadian Pacific (CP) today and set a price target of $299.00. The company's shares closed
- 01/30/2020
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Canadian Pacific (CP) Gets a Buy Rating from Merrill Lynch
- Merrill Lynch analyst Ken Hoexter maintained a Buy rating on Canadian Pacific (CP – Research Report) today and set a
- 01/30/2020
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's Top Upgrades, Downgrades For January 30, 2020
- Upgrades
For Hess Corp (NYSE: HES), ScotiaBank upgraded the stock from Sector Underperform to Sector Outperform. In the fourth quarter, Hess showed an EPS of ($0.60),...
- 01/30/2020
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Cowen & Co. Sticks to Their Buy Rating for Canadian Pacific (CP)
- In a report released today, Jason Seidl from Cowen & Co. maintained a Buy rating on Canadian Pacific (CP), with a price target of $291.00. The
- 01/30/2020
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Edited Transcript of CP.TO earnings conference call or presentation 29-Jan-20 3:00pm GMT
- Q4 2019 Canadian Pacific Railway Ltd Earnings Call
- 01/30/2020
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Canadian Pacific Sees Volume Opportunities
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Earnings Scheduled For January 29, 2020
- Companies Reporting Before The Bell McDonald's Corporation (NYSE: MCD ) is estimated to report quarterly earnings at $1.96 per share on revenue of $5.30 billion. General Electric Company (NYSE: GE ) is projected to report quarterly earnings at $0.18 per share on revenue of $25.44 billion. AT&T Inc. (NYSE: T ) is estimated to report quarterly earnings at $0.87 per share on revenue of $46.95 billion. The Boeing Company (NYSE: BA ) is projected to report quarterly earnings at $1.39 per share on revenue of $21.06 billion. Dow Inc. (NYSE: DOW ) is expected to report quarterly earnings at $0.74 per share on revenue of $10.15 billion. Mastercard Incorporated (NYSE: MA ) is estimated to report quarterly earnings at $1.87 per share on revenue of $4.40 billion. Stanley Black & Decker, Inc. (NYSE: SWK ) is projected to report quarterly earnings at $2.18 per share on revenue of $3.78 billion. Anthem, Inc. (NYSE: ANTM ) is expected to report quarterly earnings at $3.88 per share on revenue of $27.10 billion.
- 01/29/2020
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Higher Revenue Boosts Canadian Pacific's Fourth-Quarter Profits
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