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CPKC President and CEO Keith Creel to address the 2025 J.P. Morgan Industrials Conference March 13
Prnewswire· 2025-02-26 15:59
Core Points - Canadian Pacific Kansas City (CPKC) will be represented by President and CEO Keith Creel at the 2025 J.P. Morgan Industrials Conference on March 13, 2025 [1] - CPKC is the first and only single-line transnational railway connecting Canada, the United States, and Mexico, providing extensive access to major ports [1] - The railway spans approximately 20,000 route miles and employs around 20,000 railroaders, offering comprehensive rail service and network reach across North America [1] - CPKC is focused on growth alongside its customers, providing a range of freight transportation services, logistics solutions, and supply chain expertise [1]
Here's Why Investors Should Retain Canadian Pacific Stock Now
ZACKS· 2025-02-25 16:05
Core Insights - Canadian Pacific Kansas City (CP) is experiencing operational efficiencies due to effective cost-cutting initiatives, although it faces economic uncertainties [1] Group 1: Factors Favoring CP - CP's proactive cost-cutting measures have led to a 1% year-over-year reduction in total operating expenses in Q4 2024 [2] - Compensation and benefits expenses, which constitute 26.8% of total operating expenses, decreased by 18% year-over-year [2] - Locomotive productivity increased by 1% year-over-year, and fuel efficiency improved by 2% compared to Q4 2023, indicating a commitment to operational excellence [2] Group 2: Safety Commitment - CP has made significant strides in safety, achieving a personal injury frequency rate of 0.84 in Q4 2024, down from 1.13 in the same period of 2023 [3] Group 3: Shareholder Returns - The company has shown financial confidence by increasing dividend payouts from C$507 million in 2021 to C$707 million in 2022 and 2023 [4] - In Q4 2024, CP paid out a total dividend of C$177 million, with a quarterly dividend of 19 cents per share [4] Group 4: Key Risks - CP is facing volume-related challenges, with U.S. coal volumes dropping by 8% year-over-year due to a specific customer outage [5] - The potash sector experienced a 7% year-over-year decline in volumes due to a strike and adverse weather conditions [5] - The Metals, Minerals, and Consumer Products sector saw a 5% year-over-year drop in volumes, attributed to softer demand and production issues at a customer's facility [6] Group 5: Stock Performance - CP's shares have declined by 11.9% over the past year, compared to an 11% decline in its industry [6]
CPKC mechanical employees ratify new collective bargaining agreement
Prnewswire· 2025-02-24 15:56
Core Points - Canadian Pacific Kansas City (CPKC) has ratified a new four-year collective agreement with Unifor, which represents mechanical employees in Canada [1][2] - The agreement is expected to provide improved wages and benefits for approximately 1,200 mechanics, laborers, diesel service attendants, and mechanical support staff, ensuring long-term labor stability [2] - This is the second collective agreement ratified by CPKC employees in Canada this year, following an agreement with Teamsters Canada Rail Conference for about 2,300 engineering services employees [3] Company Overview - CPKC is the first and only single-line transnational railway connecting Canada, the United States, and Mexico, with access to major ports across North America [4] - The company operates approximately 20,000 route miles and employs around 20,000 railroaders, providing extensive rail service and network reach [4] - CPKC is focused on growth alongside its customers, offering a range of freight transportation services, logistics solutions, and supply chain expertise [4]
CPKC publishes update on low carbon transition
Prnewswire· 2025-02-20 21:15
Core Insights - Canadian Pacific Kansas City (CPKC) has published its 2025 Climate Mileposts report, emphasizing its commitment to sustainability and decarbonization of its locomotive fleet [1][6] - The company is focused on enhancing locomotive operating efficiency and advancing hydrogen locomotive testing as part of its long-term sustainability objectives [1][6] Sustainability Initiatives - CPKC is investing in innovative technology solutions to reduce emissions from locomotive operations [1] - The Hydrogen Locomotive Program has progressed significantly, achieving over 6,000 miles in freight service testing by the end of 2024 [6] - Plans to double the hydrogen test fleet in early 2025, adding three additional locomotives and a tender car, with four more locomotives planned for later in 2025 [6] - The company successfully conducted over 1,100 fueling events in 2024 as part of a biofuel trial in British Columbia [6] - CPKC is preparing to deliver 100 Tier 4 diesel-electric locomotives in 2025, aimed at reducing air pollutants and enhancing fuel economy [6] Company Overview - CPKC is the first and only single-line transnational railway linking Canada, the United States, and Mexico, with approximately 20,000 route miles and 20,000 employees [11] - The company provides North American customers with extensive rail service and logistics solutions, enhancing supply chain expertise [11]
CPKC's EVP and Chief Financial Officer Nadeem Velani; SVP, Accounting, Planning and Procurement Ian Gray to address Raymond James conference March 3
Prnewswire· 2025-02-18 16:00
Group 1 - Canadian Pacific Kansas City (CPKC) will participate in the 46th Annual Raymond James Institutional Investors Conference on March 3, 2025, at 8:05 a.m. ET [1] - The event will feature CPKC's Executive Vice-President and Chief Financial Officer Nadeem Velani, along with Senior Vice-President Ian Gray [1] - A live audio webcast of the conference will be available, with a replay accessible after the event [1] Group 2 - CPKC is the first and only single-line transnational railway connecting Canada, the United States, and Mexico, providing extensive access to major ports [2] - The railway spans approximately 20,000 route miles and employs around 20,000 railroaders, offering significant rail service and network reach across North America [2] - CPKC is focused on growth alongside its customers, providing a range of freight transportation services, logistics solutions, and supply chain expertise [2]
TCRC-MWED ratifies new collective bargaining agreement with CPKC
Prnewswire· 2025-02-14 17:25
Core Points - Canadian Pacific Kansas City (CPKC) has ratified a new four-year collective agreement with Teamsters Canada Rail Conference Maintenance of Way Employees Division (TCRC-MWED) [1][2] - The agreement aims to provide improved wages and benefits for approximately 2,300 engineering service employees across Canada [2] - CPKC emphasizes that this agreement will bring long-term labor stability, allowing the company to operate safely and efficiently while serving customers and contributing to the Canadian economy [2] Company Overview - CPKC is the first and only single-line transnational railway connecting Canada, the United States, and Mexico, with access to major ports from Vancouver to Atlantic Canada and the Gulf of Mexico [3] - The company operates approximately 20,000 route miles and employs around 20,000 railroaders, providing extensive rail service and network reach across North America [3] - CPKC is focused on growth alongside its customers, offering a range of freight transportation services, logistics solutions, and supply chain expertise [3]
CPKC dedicates Patrick J. Ottensmeyer International Railway Bridge
Prnewswire· 2025-02-07 00:14
Core Points - Canadian Pacific Kansas City (CPKC) officially opened the Patrick J. Ottensmeyer International Railway Bridge, enhancing trade between the U.S. and Mexico [1] - The bridge is named after Patrick J. Ottensmeyer, the final president and CEO of Kansas City Southern, who played a significant role in its development [1][2] - The bridge, costing $100 million, more than doubles the capacity of the railway trade corridor at the U.S.-Mexico border [3] Company Overview - CPKC is the first and only single-line transnational railway linking Canada, the U.S., and Mexico, with a network of approximately 20,000 route miles [4] - The company employs 20,000 railroaders and provides extensive rail service and logistics solutions across North America [4] Bridge Features - The Ottensmeyer Bridge has a total length of 1,170 feet and includes a ballasted deck plate girder design supported by six reinforced concrete piers [5] - It allows trains to operate in both directions simultaneously, with 4,500 feet of new track added [5] - Enhanced border security measures include a new VACIS X-ray railcar inspection system and surveillance cameras [5]
CPKC President and CEO Keith Creel to address investor conferences in February
Prnewswire· 2025-02-05 20:00
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. ET.CPKC will provide access to the live audio webcasts at investor.cpkcr.com. A replay will also be available following the conclusion of the events. Keith Creel, CPKC Pre ...
CPKC reaches tentative collective agreement with United Steelworkers
Prnewswire· 2025-02-05 14:00
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. "Working together with the United Steelworkers, we'v ...
3 Dividend Mistakes That Could Cost You A Fortune
Seeking Alpha· 2025-02-04 12:30
Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .On October 10, I wrote an article titled “The One Chart That Keeps Me Up At Night.” That chart is the one below, which shows the purchasing power of the U.S. dollar. Since 1933, it has been in steady decline, causingAnalyst’s Disclosure: I/we have a beneficial long position in t ...