CPKC

New US tariffs hit railroad stocks in early trading

Railroad stocks tumbled Thursday in response to the Trump administration’s Wednesday announcement of widespread tariffs on U.S. trading partners.

It was an indication that investors believe the tariffs will raise prices and have a negative impact on consumer spending, which in turn will reduce demand for the raw materials and finished products that railroads carry.

As U.S. stock markets opened on Thursday, the S&P 500 was down nearly 4%. CSX (NASDAQ: CSX) and Union Pacific (NASDAQ: UNP) stock...

https://www.freightwaves.com/news/new-us-tariffs-hit-railroad-stocks-in-early-trading

APM Terminals buys Panama Canal Railway from CPKC, Lanco Group/Mi-Jack

CALGARY, Alberta — Canadian Pacific Kansas City (NYSE: CP) and the Lanco Group/Mi-Jack have sold the Panama Canal Railway to APM Terminals, a global terminal operator and an independent division of A.P. Moller-Maersk (XCSE: MAERSKa).

The 47.6-mile railway provides ocean-to-ocean freight and passenger services along the Panama Canal and has been a 50/50 joint venture between CPKC subsidiary Kansas City Southern and Lanco Group/Mi-Jack since its formation in 1998.

“We are pleased to have completed...

https://www.freightwaves.com/news/apm-terminals-buys-panama-canal-railway-from-cpkc-lanco-group-mi-jack

Mexico boosted CPKC, FXE in 2024 as other railroads saw weaker revenue

The fourth quarter of 2024 saw mixed results for North America’s seven largest freight railroads, reflecting ongoing economic uncertainties and shifting trade patterns, but carriers should see steady if unspectacular results in 2025 after taking proactive measures, according to a new study.

Consultant Oliver Wyman surveyed key performance metrics, and found revenue performance in Q4 2024 was generally flat or slightly down compared to Q4 2023, continuing the slower business trends seen...

https://www.freightwaves.com/news/mexico-boosted-cpkc-fxe-in-2024-as-other-railroads-saw-weaker-revenue

México aumentó CPKC, FXE en 2024, ya que otros ferrocarriles vieron ingresos más débiles

El cuarto trimestre de 2024 vio resultados mixtos para los siete ferrocarriles de carga más grandes de América del Norte, lo que refleja las incertidumbres económicas en curso y los patrones comerciales cambiantes, pero los transportistas deben ver resultados estables aunque poco espectaculares en 2025 después de tomar medidas proactivas, según un nuevo estudio. El […]

Esta entrada México aumentó CPKC, FXE en 2024, ya que otros ferrocarriles vieron ingresos más débiles Aparece primero en FullAvan...

https://fullavantenews.com/mexico-aumento-cpkc-fxe-en-2024-ya-que-otros-ferrocarriles-vieron-ingresos-mas-debiles/?lang=es

CPKC container dwell better but still a concern at top Canada port

Container dwell times at the Port of Vancouver, Canada’s busiest intermodal hub, continue to be a significant issue since the start of the year.

Canadian Pacific Kansas City (CPKC) has been particularly affected, with over 89,000 feet of containers sitting at Deltaport for more than seven days, according to port data. This is an improvement from the peak of nearly 160,000 feet in mid-March, but still presents a substantial challenge. In contrast, Canadian National (CN) has managed to decrease...

https://www.freightwaves.com/news/cpkc-container-dwell-better-but-still-a-concern-at-top-canada-port

Proposed US port fees on Chinese vessels may alter intermodal shipping patterns

A Trump administration port fee proposal designed to boost the U.S. shipbuilding industry could scramble international intermodal traffic, shift some container business to ports in Canada and Mexico, and help Canadian National and Canadian Pacific Kansas City railroads in the process.

In February, the Office of the U.S. Trade Representative floated a plan to impose steep fees on Chinese vessels that call on U.S. ports. Vessels operated by Chinese companies would face a $1 million port call fee....

https://www.freightwaves.com/news/proposed-us-port-fees-on-chinese-vessels-may-alter-intermodal-shipping-patterns

North American trade disputes an opportunity for CPKC, CEO says

NEW YORK — Canadian Pacific Kansas City CEO Keith Creel looks at the uncertainty swirling around North American trade and sees opportunity.

CPKC (NASDAQ: CP) has a lot riding on the outcome of tariff spats involving the U.S., Canada and Mexico: The 2023 merger of Canadian Pacific and Kansas City Southern was a $30 billion bet on North American trade.

If tariffs ultimately make U.S. markets less attractive to companies based in Canada and Mexico, then those companies are going to look for new...

https://www.freightwaves.com/news/north-american-trade-disputes-an-opportunity-for-cpkc-ceo-says

CPKC, Patriot Rail partner on new Texas transload site

Patriot Rail Co., an operator of U.S. shortline and regional freight railroads, is set to expand its transload services in Texas.

In partnership with Canadian Pacific Kansas City, Patriot Rail will establish a new multicommodity transload facility on CPKC’s network in Denton, Texas.

This strategic move aims to enhance transload services and logistics solutions for customers in the rapidly growing Dallas-Fort Worth metropolitan area. The facility will handle a variety of commodities, including...

https://www.freightwaves.com/news/cpkc-patriot-rail-partner-on-new-texas-transload-site

Former CN and CP executive to lead Belt Railway of Chicago

The Belt Railway of Chicago (BRC) has appointed longtime railroad executive Jerry Peck as president and general manager.

Peck, who started railroading in 1973 in train service with the Illinois Central, later worked for two decades at Canadian National (NYSE: CNI), ascending to general manager before taking the same position with Canadian Pacific (NYSE: CP), in the U.S. East region. He most recently served as a consultant with Loram, a provider of rail maintenance-of-way services.

The Belt...

https://www.freightwaves.com/news/former-cn-and-cp-executive-to-lead-belt-railway-of-chicago

+ More