CPKC adds 14 rail-served industrial sites across North America
Get Alerts CP Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.2%
EPS Growth %: +10.7%
Join SI Premium – FREE
Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) announced the certification of 14 new Site Ready rail-served industrial development locations across six U.S. states, three Canadian provinces and two Mexican states.
The railway company said the new sites add more than 6,600 acres of developable land for manufacturers, logistics operators and supply chain partners. The locations are designed for immediate development with pre-certified rail service connections.
"Our Site Ready Program supports customers with efficient industrial solutions and drives economic growth continent-wide," said John Brooks, CPKC Executive Vice-President and Chief Marketing Officer. "Each certified location is designed to streamline development, accelerate timelines and create new value for both business and communities through unparalleled rail connectivity."
The sites were certified in partnership with Burns & McDonnell, a global engineering and construction company. CPKC said the locations are positioned near major markets, ports and distribution hubs to optimize logistics operations.
With these additions, CPKC now operates 22 Site Ready locations across its Canada, U.S. and Mexico network. The company provides end-to-end support from site selection to ongoing rail operations for businesses using these locations.
CPKC operates approximately 20,000 route miles of track and employs 20,000 workers. The company describes itself as the only single-line transnational railway connecting Canada, the United States and Mexico, with access to major ports from Vancouver to Atlantic Canada to the Gulf Coast and Lázaro Cárdenas, Mexico.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Circle board member resigns after nearly 13 years of service
- Bitmine announces NYSE listing for preferred stock, declares dividends
- Nutrien warns shareholders about below-market mini-tender offer
Create E-mail Alert Related Categories
Corporate NewsRelated Entities
Maynard Um, Mark Zuckerberg, ARKSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share