CANADIAN PACIFIC KANSAS CITY LTD/CN

Canadian Pacific Kansas City Limited (NYSE: CP; TSX: CP) operates the only freight railway spanning Canada, the United States, and Mexico, providing integrated rail and intermodal transportation services across a network of approximately 20,000 miles. The company's website is www.cpkcr.com.

CPKC transports three primary categories of freight: bulk commodities, merchandise freight, and intermodal traffic. In 2025, bulk commodities represented 36 percent of freight revenues and include grain, coal, potash, and fertilizers and sulphur. Merchandise freight comprised 46 percent of revenues, encompassing forest products, energy and chemicals, metals and minerals, and automotive shipments. Intermodal traffic accounted for 18 percent of revenues, consisting of both domestic and international containerized movements. The company generated total freight revenues of $14.776 billion in 2025.

The company maintains a workforce of approximately 19,500 employees and contractors across North America, with approximately 75 percent represented by labor unions across 73 active bargaining units. CPKC operates through a single rail transportation segment, though it provides detailed revenue breakdowns by business line reflecting the integrated nature of its network operations.

CPKC's competitive advantages include its unique tri-national network positioning, specialized equipment such as high-efficiency product trains capable of moving 40 percent more grain than prior generation trains, and strategic access to major North American ports including Vancouver, Thunder Bay, Montréal, and Saint John. The company serves principal business centers across the three countries and provides comprehensive logistics solutions through transload facilities and intermodal marketing services.

The company's strategic foundation rests on precision scheduled railroading principles focused on providing service, controlling costs, optimizing assets, operating safely, and developing people. In April 2023, CPKC assumed control of Kansas City Southern, significantly expanding its North American footprint and creating an integrated freight railway serving diverse commodity and merchandise markets across the continent.