Share this Story: CP Rail hires thousands as it awaits regulatory go-ahead for KCS merger [Financial Post (Toronto, Ontario, Canada)]
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: Financial Post
CALGARY — Canadian Pacific Railway Ltd. is on a hiring spree as it awaits regulatory go-ahead for its acquisition of Kansas City Southern. In a conference call to discuss fourth-quarter financial results, CP's CEO Keith Creel said the Calgary-headquartered railway is in growth mode as it awaits a decision by the U.S. Surface Transportation Board. The ruling, expected sometime this quarter, is the final hurdle CP must clear in its bid to purchase KCS for US$31 billion — a deal which would create the only single-line railroad linking the United States, Mexico and Canada. In anticipation of a positive ruling and the growth opportunities that will result from the merger, Creel said CP started hiring in large numbers last spring. “In spite of a historically tight labour market in '22, it was a record year of hiring at CP,” Creel said. “We added more than 1,600 conductors over the course of last year, and we made some significant progress with our labour agreements.” During the c
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CP
News
- CPKC announces results of director electionsPR Newswire
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- CPKC reports first-quarter results; celebrating one year as a combined companyPR Newswire
- Canadian Pacific Kansas City Limited declares dividendPR Newswire
- Canadian Pacific Kansas City Limited (NYSE: CP) had its price target raised by analysts at Raymond James from $120.00 to $130.00. They now have an "outperform" rating on the stock.MarketBeat
CP
Earnings
- 4/24/24 - Beat
CP
Sec Filings
- 4/24/24 - Form 8-K
- 4/24/24 - Form 10-Q
- 4/24/24 - Form 8-K
- CP's page on the SEC website