Canadian Pacific Kansas City Ltd

CP: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 222.00	Rzvk	Wjnsbmnl

Intermodal Weakness and Margin Pressure Persist for Canadian Pacific, but Merger Outlook Positive

Matthew Young

Nov 3, 2023

Business Strategy and Outlook

Following the appointment of railroading legend Hunter Harrison as CEO in 2012, Canadian Pacific embarked on a profitability turnaround that proved successful. Initially upon taking the helm, Harrison closed numerous intermodal terminals and hump yards to rightsize the network. He also sold nonessential rail lines, turned over leadership, and rightsized the workforce and overall asset base.

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