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CANADIAN PACIFIC KANSAS CITY LTD/CN

CIK: 168752 Annual ReportsLatest: 2025-04-28

10-K / April 28, 2025

Revenue:$14,546,000,000
Income:$3,713,000,000

10-K / April 29, 2024

Revenue:$13,900,000,000
Income:$3,923,000,000

10-K / April 28, 2025

Company Overview

Business Description

Canadian Pacific Kansas City Limited (CPKC) is a major North American rail transportation company that operates a comprehensive freight rail network connecting Canada, the United States, and Mexico. The company is engaged in the transportation of goods and commodities across North America.

Core Operations

  • Network and Service: CPKC operates a single-line rail network linking Canada, the U.S., and Mexico, offering rail freight services for various industries including automotive, energy, chemicals, agriculture, and general freight.
  • Innovative Initiatives:
    • Hydrogen locomotive pilot programs and development of hydrogen refueling infrastructure.
    • Expansion of specialized services such as refrigerated intermodal freight and automotive supply chain solutions.
    • Construction of major infrastructure including a US$100 million railroad bridge over the Rio Grande.

Financial Performance (2024)

  • Total Revenue: Approximately $14.5 billion CAD, up from $12.6 billion CAD in 2023.
  • Earnings:
    • Core adjusted combined diluted EPS: $4.25, representing an 11% increase from 2023.
    • Operating Ratio: 64.4% reported, with a core adjusted ratio of 61.3%.
  • Revenue Growth: 5% increase over 2023, driven by revenue growth in key sectors and expanded network operations.
  • Safety and Industry Leadership:
    • Leading industry safety metrics with the lowest FRA-reportable train accident frequency among Class 1 railroads and the lowest personal injury rate on record.
    • Recognized for sustainability efforts, including inclusion in the Dow Jones Sustainability North America Index.

Employees and Customers

  • Employees: Approximately 20,000 employees across Canada, the U.S., and Mexico.
  • Customers: Serves a broad base of industries including automotive manufacturers, chemical producers, energy companies, agricultural producers, and general freight customers.
  • Customer Growth:
    • Expanded automotive and energy chemicals sectors.
    • Initiated new services such as refrigerated intermodal freight between Mexico and Canada.
    • Increased volumes through strategic automotive supply chain solutions.

Key Business Segments and Leadership

  • Leadership:
    • Keith Creel – President and CEO.
    • Nadeem Velani – Executive Vice President and CFO.
    • John K. Brooks – EVP and Chief Marketing Officer.
    • Mark Redd – EVP and Chief Operating Officer.
    • James D. Clements – EVP of Strategic Planning and Corporate Services.
  • Operations:
    • Manages 24/7 railway operations, safety, mechanical, engineering, and logistics.
    • Implements modern safety and efficiency technologies, including Wayside Detection and precision scheduling.
    • Infrastructure developments include new bridges, terminals, and refueling facilities.

Sustainability and Industry Leadership

  • Recognized for environmental and social sustainability, including placement on the DJSI North America Index.
  • Focuses on safety excellence, technological innovation, and building a sustainable future through hydrogen locomotive projects and infrastructure investments.

Note: The above information is based solely on the provided document's content.