13:18:06 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Canadian Pacific Kansas City Ltd
Symbol CP
Shares Issued 931,258,863
Close 2023-06-28 C$ 104.77
Market Cap C$ 97,567,991,077
Recent Sedar Documents

Globe says CPKC to capitalize on near-shoring trend

2023-06-29 08:20 ET - In the News

The Globe and Mail reports in its Thursday edition that at Canadian Pacific Kansas City's investors day on Wednesday, chief executive officer Keith Creel said the railway that now extends deep into the United States and Mexico creates new opportunities for customers and the company. The Globe's Eric Atkins writes that Mr. Creel said CPKC will open new markets for agriculture shippers and automakers, removing trucks from the highway with the first single-line network that reaches ocean ports, industrial heartlands and consumer markets in three countries. CPKC's David Easton said CPKC is poised to capitalize on the trend of near-shoring -- manufacturers that relocate overseas factories to the country to be closer to their end markets and meet the North American-made needs of the free trade agreement with Canada and the U.S. Mexico's young and low-cost labour force has also helped attract several manufacturers located on CPKC's network. "We're witnessing a pivot in global supply chains from Asia to Mexico," Mr. Easton said, citing the war in Ukraine and tensions with China. He said, "The pandemic forced us to derisk supply chains." CPKC issued 2023 and long-term financial guidance that missed analyst expectations.

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