Canadian Pacific Kansas City Ltd
CP: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $36.00 | Vmcnq | Sgrzsvjl |
Canadian Pacific Finishes 2022 With Solid Volume Growth, but Revenue Gains to Slow This Year
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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, cut the workforce by 40%, cut locomotives, and returned thousands of leased cars.