CPKC

CSX lost out on $1 million a day in Q1 amid hurricane, tunnel work

Rebuilding from hurricane damage and a major tunnel project cost CSX a million dollars a day in lost revenue in the first three months of the year, the railroad’s top financial executive told an investor conference.

“We got hit in the first quarter; it was a difficult winter,” said Executive Vice President and Chief Financial Officer Sean Pelkey, speaking at the Bank of America conference in New York. “There were a hundred million dollars in revenue opportunities we missed, a million dollars a...

https://www.freightwaves.com/news/csx-lost-out-on-1-million-a-day-in-q1-amid-hurricane-tunnel-work

Class I railroads keep optimistic outlooks despite trade uncertainty

Despite mounting uncertainty over tariffs, trade policy and the economy, most major railroads held firm on their 2025 outlooks — contrasting with a wave of guidance cuts across other industries.

Among the five publicly traded Class I railroads, Canadian National, Norfolk Southern and Union Pacific kept their guidance intact, while Canadian Pacific Kansas City and CSX made slight downward adjustments during their first-quarter earnings calls over the past three weeks.

The guidance serves as a key...

https://www.freightwaves.com/news/class-i-railroads-keep-optimistic-outlooks-despite-trade-uncertainty

CPKC’s first-quarter profits rise despite trade war

Canadian Pacific Kansas City reported higher first-quarter revenue and profits as it carried more freight, but the railway also reduced its full-year outlook due to lingering uncertainty over tariffs and trade policy.

“We’re undoubtedly off to a strong start in 2025, and we’re experiencing a strong start to the second quarter as well,” CEO Keith Creel told investors and analysts on the railway’s earnings call late Wednesday. “​​That being said, there’s certainly an undeniable macro-environment...

https://www.freightwaves.com/news/cpkcs-first-quarter-profits-rise-despite-trade-war

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

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