Canadian Pacific Kansas City has reached a tentative five-year collective agreement with the Brotherhood of Locomotive Engineers and Trainmen covering about 250 train and engine employees on the southern Dakota, Minnesota and Eastern network in Minnesota, Iowa, Illinois and Missouri. Separately, its Canadian Pacific Railway unit completed several new fixed-rate bond issues maturing in 2030, 2037 and 2056. The tentative five-year BLET deal curbs near-term labor disruption risk on part of the U.S. network, while the multi-decade unsecured notes lock in long-term funding and give the company more clarity around interest costs as it pursues projects tied to truck-competitive transit times and network improvements. Canadian Pacific Kansas City's narrative projects CA$19.0 billion revenue and CA$5.4 billion earnings by 2029, requiring 7.2% yearly revenue growth and about a CA$1.5 billion earnings increase from CA$3.9 billion today. Three fair value estimates from the Simply Wall St Community cluster between CA$124.26 and CA$139.68, against a CA$139.53 fair value estimate implying 14% upside to the current price.
Canadian Pacific Kansas City LimitedCPKC completed fixed-rate bond issues maturing 2030, 2037 and 2056, locking in long-term funding and interest-cost clarity.
