Canadian Pacific Kansas City(NYSE) CP

CPKC helps businesses move heavy goods across North America using trains. It connects shippers to customers throughout Canada, the United States, and Mexico. These rail services keep industrial and consumer supplies moving across the continent.

What CPKC Transports

• Merchandise: Industrial and consumer products like forest goods, energy, chemicals, plastics, metals, minerals, and cars; accounted for 46% of freight revenues in 2025.
• Bulk: Large volumes of raw materials moved over long distances, including grain, coal, potash, and fertilizers; represented 36% of freight revenues in 2025.
• Intermodal: Retail and manufactured goods transported in containers by train, ship, and truck; comprised 18% of freight revenues in 2025.

Strategic Growth and Mergers

• Assumed control of Kansas City Southern on April 14, 2023, creating the only freight railway spanning Canada, the U.S., and Mexico.
• Sold a 50% stake in the Panama Canal Railway Company to APM Terminals Panama Rail LP on April 1, 2025, for U.S. $350 million.
• Partnered with CSX Corporation in 2024 to create a new east-west corridor connecting shippers in Mexico and Texas to the U.S. Southeast.
• Opened the CPKC Dallas Automotive Facility in Wylie, Texas, in 2024 to move vehicles between three countries.

The Power of One Network

CPKC operates a single-line rail network of approximately 20,000 miles that eliminates the need to hand off freight between different companies at borders. This seamless connection across three nations provides a unique competitive advantage for shippers moving goods through North American trade corridors.

The Recent Numbers

• Revenue reached $3.9 billion in Q4 2025, a 1.3% increase compared to Q4 2024.
• Operating income rose to $1.6 billion in Q4 2025, up 3.4% year-over-year.
• Net income was $1.1 billion in Q4 2025, down 10.3% from the previous year.
• Free cash flow hit $729 million in Q4 2025, representing a 23.5% decrease from Q4 2024.
• Freight revenues included $1.48 billion in fuel surcharge revenues in 2025, a 10% decrease from 2024.

Bottom Line

CPKC has transformed into a transnational carrier by integrating the first rail network to link the major markets of Canada, the United States, and Mexico. This expansion allows the company to offer specialized transportation for diverse industries while streamlining cross-border logistics.