Canadian Pacific Kansas City Ltd

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• DJ Canadian Pacific Kansas City Ltd. Stock Falls Tuesday, Underperforms Market, from 3 hours ago by Dow Jones

  3 hours ago by Dow Jones
  Companies Mentioned: CP, CP
  
  This article was automatically generated by MarketWatch using technology from Automated Insights.
  
  Shares of Canadian Pacific Kansas City Ltd. CP shed 0.73% to C$110.86 Tuesday, in what proved to be an otherwise all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index rising 0.01% to 22,468.16. Canadian Pacific Kansas City Ltd. closed C$12.51 short of its 52-week high (C$123.37), which the company achieved on March 13th. Trading volume of 1.4 M shares eclipsed its 50-day average volume of 1.3 M.
  

• DJ Canada CEOs Call for Legislation to Avert Railroad Strike -- Market Talk, from 5 hours ago by Dow Jones

  5 hours ago by Dow Jones
  Companies Mentioned: CNI, CNR, CP, CP
  
  1411 ET - The Business Council of Canada, which represents CEOs at blue-chip companies, writes to cabinet ministers asking they take every measure available to prevent a possible railroad strike in the coming weeks. Among the options the council calls for is legislation to avert a railroad strike, like Congress adopted in December 2022 and President Biden signed into law. The timing of a simultaneous strike at both Canadian National Railway and Canadian Pacific Kansas City is up in the air after the Labor Minister asked the federal labor-relations board to rule on whether the railroads must transport certain goods during a labor disruption. CPKC says a strike, or possible employee lockout, might not materialize for eight weeks. This uncertainty is causing damage to foreign confidence in Canadian supply chains, the council writes. (paul.vieira@wsj.com; @paulvieira)
  

• DJ Canada Labor Minister Intervention Pushes Out Potential Teamsters Strike -- Market Talk, from 8 hours ago by Dow Jones

  8 hours ago by Dow Jones
  Companies Mentioned: CNI, CNR, CP, CP
  
  1107 ET - Canadian supply chain will likely be safe from labor action as a regulator investigates the effects of a potential strike. CIBC's Kevin Chiang notes that the Teamsters Canada Rail Conference were in a position to strike on May 22 but Canada's labour minister asked the Canada Industrial Relations Board to look into the impacts of a potential rail strike on the health and safety of the public and Canadian law forbid striking until the board issues a decision. Because of this "a potential labour disruption that was threatening Canada's supply chain has been pushed out." (adriano.marchese@wsj.com)
  

• DJ Rail Carriers Contemplate Life After Diesel: What's Next? -- Journal Report, from 9 hours ago by Dow Jones

  9 hours ago by Dow Jones
  Companies Mentioned: NSC, UNP, WAB, BRK.A, BRK.B, CNI, CNR, CP, CP, CSX
  
  By Esther Fung
  
  Railroad operators like to say that trains are greener than trucks when it comes to moving goods, pointing out that one railcar can haul three to four times as much as a truck, and one freight train can remove hundreds of trucks from the highways.