Core Insights - Canadian Pacific Kansas City Limited (CP) has reached a tentative five-year collective agreement with the Brotherhood of Locomotive Engineers and Trainmen, enhancing labor stability across its U.S. network [1][6] - The agreement includes wage increases and more flexible work rules for approximately 300 locomotive engineers operating in key Midwest states [1][6] - CP has also secured 13 additional tentative five-year agreements with various U.S. unions, positioning the company for stronger workforce certainty and improved service performance [2][6] Labor Strategy - The new agreements are expected to strengthen CP's ability to deliver safe and efficient service, contributing to long-term business and economic growth [2] - The company is focused on maintaining network fluidity and service performance, which are essential for competitive supply-chain operations [2] Network Expansion - CP continues to enhance its role as the first single-line transnational railway connecting Canada, the United States, and Mexico, building long-term labor stability to support ongoing growth [3] - The expansion of network reach and service offerings is aimed at enhancing productivity and contributing to economic activity across North America [3] Share Price Performance - Despite positive developments, CP shares have underperformed by 4.4% over the past year, compared to a 3.3% decline in the Transportation - Rail industry [4]

Core Points - Canadian Pacific Kansas City (CPKC) has awarded G3 Canada Limited and Bartlett Grain Company as the Elevator of the Year for the 2024-2025 crop year, recognizing their performance in safety and efficiency within the grain industry [1][4] - The G3 elevator in Colonsay, Saskatchewan, and the Bartlett elevator in Jacksonville, Illinois, excelled in railcar loading processes and safety practices, enhancing grain movement across North America [2][6] - G3 Canada Limited has previously won the award multiple times, with its latest win in the 2021-2022 crop year, showcasing its commitment to operational excellence [3][4] Company Achievements - G3 Canada Limited's CEO, Don Chapman, emphasized that winning the award for the fourth time in seven years reflects the company's dedication to transforming grain movement in Canada and highlights the strength of its network [4] - Bartlett Grain Company received the award for the first time, indicating significant improvements in its operational performance [4][5] - Joe Griffith, President of Bartlett Grain Company, expressed gratitude for the recognition and highlighted the collaboration with CPKC in ensuring safe and efficient operations [5] Industry Impact - The awards underscore the critical role that grain elevators play in the agricultural sector, facilitating the efficient movement of grain from farms to global markets [6] - CPKC, as a transnational railway, provides extensive rail service and network reach across North America, supporting the agricultural supply chain [7]

Core Points - The Brotherhood of Locomotive Engineers and Trainmen has reached a five-year collective agreement [1] - The agreement includes provisions for increased wages and more flexible working hours [1] Summary by Category Agreement Details - The collective agreement spans five years [1] - It provides for increased wages for the members [1] - The agreement also introduces more flexible working hours [1]

Core Points - Canadian Pacific Kansas City (CPKC) has reached a tentative five-year collective agreement with the Brotherhood of Locomotive Engineers and Trainmen (BLET) for approximately 300 locomotive engineers operating in the United States [2][4] - The agreement includes increased wages and more flexible work rules, contributing to the company's commitment to safely and efficiently support American business and economic growth [2][3] - CPKC has also announced a total of 13 tentative five-year collective agreements with various unions, covering around 360 employees across the United States, all pending ratification [2][4] 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 a workforce of 20,000 railroaders [3] - The company provides extensive rail service and network reach to key markets across North America, supporting freight transportation services, logistics solutions, and supply chain expertise [3]

Core Insights - Canadian Pacific Kansas City (CP) reported disappointing third-quarter 2025 results, with both earnings and revenues falling short of the Zacks Consensus Estimate [1][9] Financial Performance - The quarterly earnings, excluding 7 cents from non-recurring items, were 80 cents per share, missing the Zacks Consensus Estimate by a penny, but improved 9.5% year-over-year [2] - Operating revenues totaled $2.65 billion, lagging behind the Zacks Consensus Estimate of $2.67 billion, yet showing a 2.2% year-over-year increase [2] - Total Freight revenues per revenue ton miles decreased by 1% year-over-year, while total Freight revenues per carload also saw a marginal decline [3] - Operating income increased by 11%, and total operating expenses fell by 1% year-over-year, resulting in an operating ratio improvement of 260 basis points to 63.5% [3] Segment Performance - Freight revenues, which constituted 98% of total revenues, increased by 4% year-over-year, with notable growth in Potash (up 15%), Fertilizers and Sulphur (up 11%), and Coal (up 3%) [4] - Other revenues decreased by 18% year-over-year in the third quarter of 2025 [4] Liquidity Position - At the end of the third quarter, CP had cash and cash equivalents of C$411 million, down from C$799 million in the previous quarter, while long-term debt rose to C$21.59 billion from C$21.22 billion [5] Future Outlook - CP anticipates core adjusted earnings per share to grow in the range of 10%-14% from 2024 actuals to C$4.25 per share in 2025 [6] - The company expects mid-single-digit growth in revenue ton miles (RTMs) for 2025 compared to 2024 [6] - Capital expenditures are projected to be C$2.9 billion for the full year, with an expected effective tax rate of 24.5% for 2025 [6]

Core Points - Canadian Pacific Kansas City (CPKC) has reached 13 new tentative collective agreements with various unions in the United States, covering multiple employee categories including carmen, hostlers, laborers, clerks, maintenance workers, and supervisors [1][5]. - The agreements include six tentative five-year contracts with the Brotherhood of Railway Carmen, covering 228 carmen across several properties [2]. - Five additional tentative five-year agreements have been established with the Transportation Communications Union and American Railway and Airway Supervisors Association, covering approximately 105 employees [3]. - Two more tentative agreements have been reached with the National Conference of Firemen and Oilers, covering 30 hostlers and laborers [4]. - CPKC President and CEO Keith Creel expressed satisfaction with the agreements, highlighting increased wages for employees and the collaborative effort with union leaders [5]. - The agreements are pending ratification by the union's membership [6]. Company Overview - CPKC is the first and only single-line transnational railway linking Canada, the United States, and Mexico, with a network stretching approximately 20,000 route miles and employing 20,000 railroaders [7]. - The company provides extensive rail service and logistics solutions across North America, aiming to grow alongside its customers [7].

Core Insights - Canadian Pacific Kansas City (CPKC) will participate in the 2025 Scotiabank Transportation & Industrials Conference on November 18, 2025, at 1 p.m. ET, with a live audio webcast available for investors [1] - CPKC is the first and only single-line transnational railway connecting Canada, the United States, and Mexico, covering approximately 20,000 route miles and employing 20,000 railroaders [2] - The company is focused on growth and has reported solid third-quarter results, indicating a positive outlook for the remainder of 2025 [3] Company Overview - CPKC's headquarters is located in Calgary, Alberta, Canada, and it provides extensive rail service and network reach across North America [2] - The company offers a range of freight transportation services, logistics solutions, and supply chain expertise to its customers [2] Financial Announcements - The Board of Directors of CPKC declared a dividend on October 29, 2025, as part of its financial announcements [4]

Group 1 - Canadian Pacific Kansas City (CP) was established in 1881 to connect rail services across Canada and later expanded into the U.S. market [1]

Group 1 - Canadian Pacific Kansas City (CP) has a historical foundation dating back to 1881, originally established to connect rail services across Canada [1] - The company expanded its operations into the U.S. market, indicating a strategic growth approach [1]

Group 1 - The article emphasizes the importance of in-depth research on various income alternatives, including REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs [1] - The author, Leo Nelissen, focuses on major economic developments related to supply chains, infrastructure, and commodities, aiming to provide insightful analysis and actionable investment ideas [1] - The analysis particularly highlights dividend growth opportunities as a key area of interest for investors [1] Group 2 - The article includes a disclosure of beneficial long positions in several companies, indicating a vested interest in the performance of ODFL, CSL, LB, TPL, RTX, GE, NOC, LHX, UNP, CP, and QXO [2] - It clarifies that the opinions expressed are solely those of the author and not influenced by any compensation from the companies mentioned [2] - The article also notes that past performance is not indicative of future results, emphasizing the need for individual assessment of investment suitability [3]