Canadian Pacific Kansas City Ltd

CP: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Canadian Pacific Earnings: Intermodal Faces Tough Comps, but Carload Trends Improving

Matthew Young

Jul 30, 2026

Canadian Pacific Kansas City's second-quarter revenue jumped 13% year over year on slightly higher carloads and strong all-in yield gains (surging fuel surcharges, positive core pricing). Adjusted consolidated margin fell, mostly due to fuel noise.

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Canadian Pacific Kansas City Ltd

Canadian Pacific Earnings: Intermodal Faces Tough Comps, but Carload Trends Improving

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