00:41:16 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Canadian Pacific Kansas City Ltd
Symbol CP
Shares Issued 932,130,131
Close 2024-02-01 C$ 111.37
Market Cap C$ 103,811,332,689
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FP/wire say CPKC CEO not worried about Mexico proposal

2024-02-01 09:43 ET - In the News

The Financial Post reports in its Thursday, Feb. 1, edition that Canadian Pacific Kansas City chief executive officer Keith Creel says he remains unperturbed by a decree from Mexico's president that will force freight railways to allow passenger service on their tracks. A Canadian Press dispatch to the Post reports that Mr. Creel told analysts on a conference call Tuesday, "I have zero expectation and belief that Mexico's ambition and intent to integrate and initiate passenger rail service in concert with freight rail service will impact our ability to hit our synergies or any of the targets of our multiyear guidance." Mr. Creel said he has met twice with President Andres Manuel Lopez Obrador, and reached a deal with the Mexican government to carry out a study of passenger trains on a 200-kilometre corridor running northwest from Mexico City. The scope of the study has expanded since his first meeting, he added, with completion expected in May. Mr. Creel said, "He committed to me that he's aligned exactly with what my expectations are." Mr. Creel says the government wants to bolster both passenger service and economic growth, particularly via manufacturing jobs that hinge partly on rail transport.

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