08:36:11 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Canadian Pacific Kansas City Ltd
Symbol CP
Shares Issued 931,355,494
Close 2023-07-28 C$ 109.93
Market Cap C$ 102,383,909,455
Recent Sedar Documents

FP/CP say B.C. port strike cost CPKC $80M

2023-07-31 07:41 ET - In the News

The Financial Post reports in its Saturday, July 29, edition that the B.C. port workers' strike deprived Canadian Pacific Kansas City of scores of millions of dollars, said chief marketing officer John Brooks, tacking on a costly coda to a tough quarter. A Canadian Press dispatch to the Post reports that Mr. Brooks told analysts on a conference call Thursday, "At this point, we're estimating the strike had a negative impact of about $80-million in revenue, much of which we will work hard to claw back over the remainder of Q3 and Q4." The 13-week strike -- plus a brief wildcat job action -- earlier this month halted operations at most ports along the West Coast. In the first week alone, it depressed the number of containers hauled by Canadian railways to barely half the level reached during the same period in 2022, according to the American Railroad Association. CPKC framed its first quarter following a major merger as a tough one, as demand for container shipments and some bulk goods fell across the rail sector. Chief executive officer Keith Creel said on the conference call, "No doubt a challenging quarter as we dealt with a softer demand environment."

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