Canadian Pacific Kansas City Ltd

CP: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 493.00	Yktz	Fkbymgk

Canadian Pacific Earnings: Merger Synergies Nicely on Track, Though Strike Threat Hits Intermodal

Matthew Young

Jul 31, 2024

Wide-moat Canadian Pacific Kansas City's second-quarter pro forma revenue (combining CP and Kansas City Southern results) grew 8% year over year on a mix-driven jump in total yield (revenue per carload), as consolidated volume declined on softer coal and international intermodal activity. There were several crosscurrents this quarter, but revenue was mostly in line with our expectations.

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