TSX:CPTransportation
Canadian Pacific Kansas City Fleet Renewal And What It Means For Valuation
Canadian Pacific Kansas City is advancing a multi year, US$800 million renewal of its locomotive fleet.
The company has placed new orders for Tier 4 locomotives from Wabtec and Progress Rail, to be manufactured in the United States.
The program focuses on updating the fleet for fuel efficiency, reliability, and cross border North American freight operations.
For investors watching TSX:CP, this fleet renewal comes as the share price sits at CA$99.77, with a 5 year return of 20.7%. Shorter...