CPKC sets new October grain records in Canada, U.S.

(TSX:CP) (NYSE:CP) Canadian Pacific Kansas City (CPKC) announced it set new October monthly records for transporting grain and grain products across Canada and the United States. In Canada, CPKC moved 3.26 million metric tonnes (MMT) and 33,822 carloads of grain and grain products in October 2026, marking the third consecutive record month to start the 2026-2027 crop year. These Canadian records surpassed previous totals reached in October 2022. Through Week 13 of the 2026-2027 crop year, CPKC has transported more than 8.5 MMT and 88,064 carloads of Canadian grain and grain products. In the United States, CPKC moved 2.65 MMT and 27,739 carloads of grain and grain products in October 2026, exceeding the previous high set in October 2024. U.S. monthly grain records have been set in five of the last six months: May, June, July, September, and October. October 2026 set all-time records for total carloads and metric tonnes transported in a single month for combined Canadian and U.S. grain. John Brooks, Executive Vice President and Chief Marketing Officer, stated that with another above-average North American crop and the reach of CPKC's three-nation network, the company is well positioned to deliver another strong grain season, driving solid volume performance and providing reliable service across the grain supply chain. On July 31, 2026, CPKC released its 2026-2027 Grain Service Outlook Report, which outlines plans to provide grain customers with industry-leading safe and reliable service throughout the upcoming crop year. CPKC's network stretches approximately 20,000 route miles and employs approximately 20,000 railroaders, providing access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México.

CPKC and IBEW agree to binding arbitration ending strike

(TSX: CP) (NYSE: CP) Canadian Pacific Kansas City announced that the International Brotherhood of Electrical Workers Canadian Signals and Communications System Council No. 11 (IBEW) has agreed to enter into binding arbitration and bring the strike initiated on May 31 to an end. The IBEW represents approximately 300 Signals & Communications employees across Canada. Employees are welcomed back to work beginning Monday morning, Aug. 24. CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. The CPKC network stretches approximately 20,000 route miles and employs approximately 20,000 railroaders. CPKC provides North American customers with rail service and network reach to key markets across the continent. CPKC offers freight transportation services, logistics solutions and supply chain expertise.

CPKC reports strong Q2 results, poised for accelerated growth in second half of 2026

(TSX: CP) (NYSE: CP) Canadian Pacific Kansas City (CPKC) announced its second-quarter results, reporting revenues of $4.2 billion, diluted earnings per share (EPS) of $1.15, and core adjusted diluted EPS of $1.27. Revenues increased by 13 percent to $4.2 billion from $3.7 billion in Q2 2025, while reported operating ratio (OR) increased by 90 basis points to 64.6 percent from 63.7 percent in Q2 2025. Core adjusted OR increased 90 basis points to 61.6 percent from 60.7 percent in Q2 2025, and volumes, as measured in revenue ton-miles, increased 4 percent. Reported diluted EPS decreased 14 percent to $1.15 from $1.33 in Q2 2025, but core adjusted diluted EPS increased 13 percent to $1.27 from $1.12 in Q2 2025. For the three months ended June 30, 2026, net income was $1,024 million, and basic earnings per share were $1.16. Dividends declared per share for the quarter were $0.268. The company projects it is well-positioned to accelerate volume and earnings growth in the second half of 2026.

CPKC sets new June monthly grain records

(TSX: CP) (NYSE: CP) Canadian Pacific Kansas City (CPKC) set a new June monthly record for transporting Canadian grain and grain products, moving 2.8 million metric tonnes (MMT) in June 2026. This achievement surpassed the previous tonnage record set in June 2020. The second quarter (April, May, and June) also set a record for tonnage and carloads, beating previous highs set in June 2020. Through Week 48 of the 2025-2026 crop year, CPKC transported more than 28.4 MMT of Canadian grain and grain products, the largest totals since the record-setting 2020-2021 crop year. In the United States, CPKC set a monthly tonnage record for grain movements in June, moving 2.5 MMT and exceeding the previous best set in 2022. A record 7.5 MMT was moved in the second quarter, exceeding Q2 2022. CPKC stretches approximately 20,000 route miles and employs approximately 20,000 railroaders.

CPKC sets new May monthly grain record

(TSX: CP) Canadian Pacific Kansas City announced it has broken its May monthly record for transporting Canadian grain and grain products, moving 2.9 million metric tonnes (MMT) in May 2026. The new May achievement beat the previous tonnage record set in May 2020. Last month's 30,324 carloads also set a new May monthly record, beating the previous high set in May 2020. CPKC previously set records for the movement of Canadian grain in the first quarter and set monthly records in four of the first five months of 2026, specifically in January, February, and April. Through Week 43 of the 2025-2026 crop year, CPKC transported more than 25.3 MMT of Canadian grain and grain products. These are the largest Canadian grain totals since the record setting 2020-2021 crop year. The company projects that volumes of Canadian grain and grain products moving on the CPKC network in multiple weeks will exceed the average supply chain capacity targets outlined in CPKC's annual grain service plan.

CPKC receives 72-hour strike notice from IBEW

Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) announced it has received a 72-hour strike notice from the International Brotherhood of Electrical Workers (IBEW) Canadian Signals and Communications System Council No. 11, representing approximately 300 Signals & Communications employees across Canada. The IBEW intends to strike at 08:00 MDT Sunday, May 31. CPKC has prepared contingency plans to continue serving customers and the Canadian economy in the event of a work stoppage. The company states that safe and efficient railway operations will continue and that negotiations with IBEW will continue into the weekend. CPKC has made fair and balanced proposals with wage and benefit increases consistent with other collective agreements in Canada. The company highlights its track record of successful collective bargaining with unions across North America. CPKC remains hopeful a resolution can be reached without a work stoppage.

CPKC CEO Keith Creel statement on UP-NS merger application refiling

Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) President and CEO Keith Creel issued a statement regarding the merger application refiled by Union Pacific and Norfolk Southern with the Surface Transportation Board on April 30, 2026. CPKC argues that the proposed UP-NS merger is unnecessary and does not meet the standards set by the STB's 2001 major merger rules. CPKC filed comments on May 8, 2026, questioning whether UP and NS have met requirements for a detailed market impact analysis. The statement highlights concerns about market concentration, potential risks to supply chains, and urges stakeholders to participate in the regulatory process. CPKC emphasizes its position as the first and only single-line transnational railway linking Canada, the United States and México, with approximately 20,000 route miles and 20,000 employees.

CPKC President and CEO Keith Creel to address 2026 Wolfe Research Global Transportation & Industrials Conference

Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) President and Chief Executive Officer Keith Creel will speak at the 2026 Wolfe Research Global Transportation & Industrials Conference on May 20, 2026, at 10:25 a.m. ET. CPKC will provide access to a live audio webcast of the event, with a replay available afterward. CPKC is described as the first and only single-line transnational railway linking Canada, the United States and México, with approximately 20,000 route miles and approximately 20,000 employees. The company offers freight transportation services, logistics solutions, and supply chain expertise. This announcement highlights CPKC's industry presence and ongoing engagement with investors.

CPKC sets new April monthly grain records

Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) announced it broke its April monthly record for transporting Canadian grain and grain products, moving 2.9 million metric tonnes (MMT) in April 2026. The company also set new records for carloads, with 30,381 in April 2026, and achieved a record first quarter with 7.2 MMT. Through the first 38 weeks of the 2025-2026 crop year, CPKC transported more than 21.9 MMT of Canadian grain and grain products. These achievements surpass previous records set in 2020 and 2021, highlighting CPKC's sustained investments and operational efficiency.

CPKC reports first quarter results, demonstrating resilient performance

Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) reported its first-quarter 2026 results, with total revenues of $3.7 billion and diluted earnings per share (EPS) of $0.94. Core adjusted diluted EPS was $1.04, and volumes as measured in Revenue Ton-Miles increased two percent. The reported operating ratio rose to 66.0 percent, while core adjusted OR increased to 63.0 percent. Net income for the quarter was $845 million, and dividends declared per share were $0.228. These results reflect both operational improvements and ongoing market headwinds, which are important for investors monitoring the company's performance and outlook.

CPKC reaches tentative long-term hourly collective agreements with SMART‑TD and BLET

Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) announced it has reached new tentative collective bargaining agreements with SMART-TD and BLET, consolidating 11 existing contracts across its U.S. network into two new long-term hourly agreements. These agreements, covering approximately 1,700 Train & Engine service employees across 11 states, will run from 2025 to 2034. The ratification of these agreements, along with the recently ratified Soo Line BLET agreement, would conclude negotiations for about 81 percent of CPKC's U.S. T&E workforce. The Soo Line BLET agreement ratified in December 2025 is not scheduled to reopen for collective bargaining until 2029. CPKC operates approximately 20,000 route miles and employs approximately 20,000 railroaders.