Canadian Pacific Kansas City Limited (TSX/NYSE: CP) is a North American railroad company that operates an integrated transcontinental rail network spanning Canada, the United States, and Mexico. The company earns revenue by charging freight rates to ship bulk commodities, merchandise, and intermodal containers across its rail network. CPKC was originally incorporated on June 22, 2001, under the Canada Business Corporations Act, with its primary operating subsidiary Canadian Pacific Railway Company tracing roots to incorporation in 1881. The company assumed control of Kansas City Southern on April 14, 2023, creating the only single-line rail network connecting Canada, the U.S., and Mexico. CPKC's registered and executive head office is in Calgary, Alberta, with a U.S. head office in Kansas City, Missouri. Common shares trade on both the TSX and NYSE under the symbol CP.

Revenue model

Transactional freight revenue charged to shippers for moving goods across CPKC's rail network in Canada, the United States, and Mexico.

Products and services

Transcontinental rail freight transportation connecting Canada, the United States, and Mexico, including bulk commodity haulage, merchandise freight, and intermodal container services.

Customers and end markets

Industrial, agricultural, and commercial shippers requiring freight transportation across the CPKC tri-national rail network.

Value-chain role

Rail network operator and freight carrier providing transportation infrastructure and logistics connectivity across North America.

Geographic exposure

Canada, United States, and Mexico, with registered head office in Calgary, Alberta, and U.S. head office in Kansas City, Missouri.

Source: SEC 10-K, filed 2026-02-26

Industry: Railroads, Line-Haul Operating