UPDATE 1-CN Rail faces grain export backlog of 10,000 carloads -CEO [Reuters]
Canadian Pacific Kansas City Limited Common Shares (CP)
Last canadian pacific kansas city limited common shares earnings: 4/21 04:24 pm
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Source: Reuters
CN Rail faces grain export backlog of 10,000 carloads: CEO MONTREAL (Reuters) - Canadian National Railway Co ( CNR.TO ) lost capacity equivalent to 10,000 carloads, or 1 million tonnes of grain exports, in February due to rail blockades by protesters opposed to a pipeline project, Chief Executive Jean-Jacques Ruest said on Tuesday. Activists disrupted passenger and freight traffic last month to show solidarity with the Wet’suwet’en people, who are seeking to stop TC Energy Corp’s ( TRP.TO ) Coastal GasLink pipeline from being built across their land. “In the case of CN we lost the equivalent of 10,000 carloads, or roughly 1 million tonnes,” Ruest said in an interview. “Of all the supply chains the one that will take the longest (to recover) is the grain export.” The lost capacity represents roughly 1% of Canada’s total harvest during the 2019-20 marketing year, which runs from Aug. 1, 2019, through July 31, 2020. Canada relies on CN, the country’s largest railroad, and smaller riv
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News
- Canadian Pacific Kansas City Limited (NYSE: CP) had its price target lowered by analysts at Citigroup Inc. from $98.00 to $91.00. They now have a "buy" rating on the stock.MarketBeat
- CPKC Executive Vice-President and Chief Marketing Officer John Brooks and CPKC Senior Vice-President Accounting, Planning and Procurement Ian Gray to address the 24th Annual Scotiabank Transportation & Industrials ConferencePR Newswire
- Canadian Pacific Kansas City Limited (NYSE: CP) had its price target lowered by analysts at Stephens from $85.00 to $81.00. They now have an "equal weight" rating on the stock.MarketBeat
- Canadian Pacific Kansas City Limited (NYSE: CP) had its price target raised by analysts at Citigroup Inc. from $97.00 to $98.00. They now have a "buy" rating on the stock.MarketBeat
- Canadian Pacific Kansas City Limited (NYSE: CP) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
CP
Earnings
- 10/23/24 - Beat
CP
Sec Filings
- 10/24/24 - Form 8-K
- 10/24/24 - Form 10-Q
- 10/23/24 - Form 8-K
- CP's page on the SEC website