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3 Railroad Stocks to Watch From the Prospering Industry
ZACKS· 2024-09-20 15:30
The Zacks Transportation - Rail industry faces challenges, ranging from inflationary pressures and resultant high interest rates to concerns pertaining to supply-chain disruptions. Despite the challenges surrounding the industry,Canadian Pacific Kansas City Limited (CP) , CSX Corporation (CSX) and Norfolk Southern Corporation (NSC) appear better placed to tide over the challenges. Declining fuel costs represent a tailwind as far as bottom-line growth is concerned. Industry Description The Zacks Transportati ...
CPKC announces appointment of Arturo Gutiérrez Hernández to board of directors
Prnewswire· 2024-09-17 16:16
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.Mr. Gutiérrez, 58, of Monterrey, Mexico, has been the chief executive officer of Arca Continental, the second largest Coca-Cola bottler in Latin America, since January 2019.Arturo Gutierrez Hernandez (CNW Group/CPKC)"The addition of Arturo adds to the extensive, diverse experience of ...
Why Is Canadian Pacific Kansas City (CP) Down 1.5% Since Last Earnings Report?
ZACKS· 2024-08-29 16:38
It has been about a month since the last earnings report for Canadian Pacific Kansas City (CP) . Shares have lost about 1.5% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Canadian Pacific Kansas City due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Q2 Earnings ...
Here's Why Investors Should Retain Canadian Pacific KC Stock
ZACKS· 2024-08-29 16:06
Canadian Pacific Kansas City’s (CP) operations are being boosted by its robust operational efficiency and cost-cutting initiatives. Shareholder-friendly actions bode well for the company. High fuel costs and weak liquidity are major concerns.Factors Favoring CPCanadian Pacific’s operational efficiency is commendable, as evidenced by the company’s robust performance in the second quarter of 2024. The average terminal dwell decreased by 9%, highlighting improved processing and handling operations. The network ...
CPKC disappointed by TCRC's decision to dispute Minister's direction to resume railway operations
Prnewswire· 2024-08-23 03:57
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. CPKC was prepared to fully address the resumption of service given its obvious priority.Unfortunately, the Teamsters Canada Rail Conference (TCRC) representing the ...
CPKC prepares to restart railway operations, awaits CIRB order
Prnewswire· 2024-08-22 22:21
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 ...
CPKC locks out TCRC employees, moves to full shut down of Canadian rail network
Prnewswire· 2024-08-22 04:16
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.Throughout nearly a year of negotiations, CPKC has remained committed to d ...
Dividend Darlings: 3 Fantastic Stocks To Hold Rain Or Shine
Seeking Alpha· 2024-08-14 11:30
theasisIntroduction I truly believe one of the riskiest situations on the stock market is the one where the market believes "everything is fine." Right now, we could be in such a situation. Inflation, for example, is one of the most important economic indicators the market is watching. Especially after the inflation surge of 2021, inflation has been the single-most watched macro number. Right now, inflation expectations are low. Using New York Fed numbers, inflation expectations haven't been this low si ...
CPKC to issue TCRC lockout notice for Aug. 22
Prnewswire· 2024-08-09 20:00
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.The ...
Canadian Pacific: Idiosyncratic Growth Opportunities Should Drive Outperformance
Seeking Alpha· 2024-08-08 23:56
NotYourAverageBear Investment Thesis Canadian Pacific Kansas City Limited (NYSE:CP) is well-positioned to deliver good growth. The company's revenue growth should benefit from strength in the domestic intermodal business and anticipated strong Canadian grain harvest. In addition, the company should see gains from the good revenue synergies from the Canadian Pacific and Kansas City Southern (KCS) merger. The company is executing well in terms of realizing these synergies and is seeing improvements across its ...