Canadian Pacific Kansas City

Trucking stocks tumble, but Citi sees opportunity in chaos

Citi’s transportation analysts have released a report suggesting that the recent sell-off in trucking stocks may be overblown, driven by investors’ overreactions to sharp declines in trucking spot rates. The report highlights key factors and trends shaping the sector.

Truckload spot rates have plummeted in early 2025, erasing gains from late 2024. While this drop partly reflects seasonal norms, its magnitude has exceeded investor expectations, fueled by excess capacity and soft demand in the...

https://www.freightwaves.com/news/trucking-stocks-tumble-but-citi-sees-opportunity-in-chaos

Servicio local sigue siendo un punto de conflicto para los ferrocarriles de clase I

En el primer trimestre de 2025, los ferrocarriles de Clase I en América del Norte están demostrando hasta ahora niveles variados de rendimiento del servicio, según nuevas métricas ordenadas por la Junta de Transporte de Surface. El STB ahora requiere que los ferrocarriles de carga importantes...

https://fullavantenews.com/servicio-local-sigue-siendo-un-punto-de-conflicto-para-los-ferrocarriles-de-clase-i/?lang=es

Local service still a sticking point for Class I railroads

In the first quarter of 2025, Class I railroads in North America are so far demonstrating varied levels of service performance, according to new metrics mandated by the Surface Transportation Board. The STB now requires major freight railroads to report additional data on on-time percentages, train speeds and terminal dwell times in an effort to increase transparency and accountability.

The new STB metrics, which began being collected in September 2024, establish baseline standards for on-time...

https://www.freightwaves.com/news/local-service-still-a-sticking-point-for-class-i-railroads

CPKC sees higher Q4 profits, forecasts continued growth despite trade concerns

CALGARY, Alberta — Canadian Pacific Kansas City (NASDAQ: CP) reported higher fourth-quarter profits and revenue as the railway’s merger-related synergies accelerated.

“Despite a number of challenges, we delivered on the guidance that we set out at the start of the year, to produce double-digit earnings growth. And we did it safely,” CEO Keith Creel told investors and analysts on the railway’s earnings call Wednesday.

Despite economic uncertainties and the Trump administration’s threat of imposing...

https://www.freightwaves.com/news/cpkc-sees-higher-q4-profits-forecasts-continued-growth-despite-trade-concerns

Top US-Canada supply chain stories of 2024

In 2024, the Canadian commercial transportation industry witnessed everything from one of the largest trucking bankruptcies in the country’s history to work stoppages at ports to Trump’s tariff threats.

With 2024 coming to an end, FreightWaves has compiled the five biggest stories that shaped the Canadian transportation industry this year.

Pride Group files for bankruptcy protection

In March, the Pride Group filed for creditor protection in Canada, making it one of the biggest trucking companies...

https://www.freightwaves.com/news/top-us-canada-supply-chain-stories-of-2024

Canada railroads look to restart as union returns to work

It could take the two largest Canadian railroads a week or more to recover from the effects of a shutdown that briefly stalled billions in freight including transborder trade with the United States.

Canadian National and Canadian Pacific Kansas City saw most of their  unionized workforce go back to work Monday, days after the Canadian Industrial Relations Board affirmed an order by Labor Minister Steven MacKinnon ending a lockout by the carriers and ordering binding arbitration to resolve the...

https://www.freightwaves.com/news/canada-railroads-look-to-restart-as-union-returns-to-work

Logistics providers says Canada rail strike would ‘paralyze ports’

Logistics providers warned the historic shutdown of Canada’s two largest railroads would have a seismic effect on the cross-border supply chain as shippers search for alternative transportation.

Both Canadian National and Canadian Pacific Kansas City have set a deadline of early Thursday to lock out workers, barring agreement on a new contract with the Teamsters union. The union also warned of its intent to walk off the job, marking the first time Canada’s largest railroads would both idle...

https://www.freightwaves.com/news/logistics-providers-says-canada-rail-strike-would-paralyze-ports

Trudeau urges more talks as US railroads brace for Canada rail shutdown

Shippers on both sides of the cross-border supply chain are bracing for an unprecedented shutdown of Canada’s largest rail networks that could disrupt freight traffic, including peak season intermodal shipments and the critical fall grain harvest.

The contract dispute covers a combined 9,300 union employees ranging from train crews to dispatchers at Canadian National (CN) and Canadian Pacific Kansas City (CPKC), the country’s largest railroads. Employees represented by the Teamsters Canada Rail...

https://www.freightwaves.com/news/trudeau-urges-more-talks-as-us-railroads-brace-for-canada-rail-shutdown

Canada labor minister meeting with railroads, union to head off work stoppage

As a Thursday deadline for an unprecedented shutdown of Canadian rail service creeps closer, here are the latest developments on both sides of the border:

  • Canada Labor Minister Steve MacKinnon is meeting with representatives of Canadian National, Canadian Pacific Kansas City, the Teamsters Canada Rail Conference and federal mediators in a push to get the sides to reach agreement on a new contract. MacKinnon on Tuesday was scheduled to be in Montreal where CN has its headquarters and Wednesday...

https://www.freightwaves.com/news/canada-labor-minister-meeting-with-railroads-union-to-head-off-work-stoppage

Vancouver port acts ahead of Canada rail stoppage

Canada’s busiest West Coast container gateway is implementing measures to sustain cargo flows in the event of a work stoppage by railroad employees.

“We are concerned about the prospect of further labor disruptions impacting port and supply chain operations,” the Vancouver Fraser Port Authority said in a statement Monday. “The impact to the Port of Vancouver will be significant, with approximately two-thirds of all cargo volumes at the port moved by rail, including 90% of international exports.”

C...

https://www.freightwaves.com/news/vancouver-port-acts-ahead-of-canada-rail-stoppage

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