Canadian Pacific Kansas City Limited (CA.CP) - 113.67 CAD (%)
Canadian Pacific owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulfur. It also moves merchandise freight, such as energy, chemicals and plastics, metals, minerals, and consumer, automotive, and forest products. Further, Canadian Pacific also transports intermodal traffic comprising retail goods in overseas containers.
The company offers rail and intermodal transportation services through a network of approximately 13,000 miles serving business centers in Quebec and British Columbia, Canada and the United States Northeast and Midwest regions. Through its merger with Kansas City Southern, Canadian Pacific will now have access into Mexico, creating the first single-line rail network that links the U.S., Mexico and Canada.
Billionaire investor William Ackman acquired a stake in Canadian Pacific Railway Ltd. (CA.CP) as the railroad seeks regulatory approval for its proposed $27 billion merger with Kansas City Southern. Mr. Ackmanâs hedge fund Pershing Square Capital Management disclosed in a regulatory filing that it owned roughly 2.8 million shares of Canadian Pacific as of Dec. 31.