Evercore ISI Removes Tactical Underperform on Canadian Pacific Railway Limited (CP)

Canadian Pacific and Kansas City Southern Combination Approved by U.S. Surface Transportation Board

CP reviewing details of 212-page decision authorizing control of KCS on or after April 14

CALGARY & KANSAS CITY--(BUSINESS WIRE)-- Canadian Pacific (TSX: CP) (NYSE: CP) (CP) and Kansas City Southern (KCS) said today the U.S. Surface Transportation Board (STB) issued a decision approving the CP and KCS joint merger application, subject to certain conditions, thereby authorizing the two railways to combine to form Canadian Pacific Kansas City (CPKC), the first single-line railway connecting the U.S., Mexico and Canada.

The decision... More

Canadian Pacific and Kansas City Southern combination approved by U.S. Surface Transportation Board

CP reviewing details of 212-page decision authorizing control of KCS on or after April 14

CALGARY, AB and KANSAS CITY, MO, March 15, 2023 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) ("CP") and Kansas City Southern ("KCS") said today the U.S. Surface Transportation Board ("STB") issued a decision approving the CP and KCS joint merger application, subject to certain conditions, thereby authorizing the two railways to combine to form... More

CP announces ratification of new collective agreement with Soo Line BLET

CALGARY, AB, March 14, 2023 /PRNewswire/ - Canadian Pacific (NYSE: CP) (TSX: CP) said today that members of the Brotherhood of Locomotive Engineers and Trainmen (BLET) have ratified a new five-year collective agreement covering approximately 300 employees working on CP's Soo Line subsidiary.

"We thank the BLET for working collaboratively to reach this negotiated collective agreement," said Keith Creel, CP's President and CEO. "The ratification of this agreement, which provides improved pay and flexibility, is a positive for our railroaders, further... More