Key Points
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CPKC reaffirmed its full-year outlook for mid-single-digit revenue ton-mile growth and low-double-digit earnings growth, with RTMs up about 4% year to date and nearly 7% quarter to date.
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The railroad expects to exit the year with approximately CAD 1.5 billion in merger-related revenue synergies, driven by growing U.S.-Mexico trade, cross-border intermodal, grain and cold-storage services.
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CPKC lowered its 2025 capital-spending guidance by about 15% to roughly CAD 2.6 billion, a level management believes can improve free-cash-flow conversion while supporting share repurchases and dividends.
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Canadian Pacific Kansas City (NYSE:CP) President and CEO Keith Creel said the railroad remains positioned to meet its full-year growth and earnings outlook despite a challenging freight environment, trade uncertainty and commodity-specific headwinds.
Speaking at the 14th Annual Laguna Conference, Creel said CPKC had targeted mid-single-digit revenue ton-mile, or RTM, growth for the year, supporting low-double-digit earnings growth....