Canadian Pacific Railway Limited Price & Performance (CP)

APM Terminals, a subsidiary of Maersk, has completed its purchase of the Panama Canal Railway Company from Canadian Pacific Kansas City and Lanco Group/Mi-Jack. The railway, which generated $77 million in revenue last year, will retain its current management and operational structure under the new ownership. CPKC will now focus on its North American rail network.12

Canadian Pacific Kansas City stock has been upgraded to a buy candidate following a recent 2.22% price increase. Analysts note positive short- and long-term trends, with the stock expected to open at $74.15 on April 21. However, short-term volatility and medium risk remain, urging investors to monitor closely for any trend reversals.34

Engineers and conductors at Canadian National Railway will receive a 3% annual wage increase following binding arbitration. The new three-year contract, retroactive to January 2024, comes after last summer’s nationwide freight shutdown. The agreement leaves key issues like scheduling and rest unresolved, pushing them to future negotiations.56