TSX:CPTransportation
US$800 Million Tier 4 Locomotive Spend Could Be A Game Changer For Canadian Pacific Kansas City (TSX:CP)
Canadian Pacific Kansas City (CPKC) recently advanced its multi-year locomotive renewal program, confirming more than US$800 million of orders for new Tier 4 locomotives from Wabtec in Texas and Progress Rail in Indiana, with deliveries scheduled through 2026.
This renewed spending underlines how CPKC is using higher-efficiency, lower-emission locomotives as a core tool to enhance its North American rail network after the Kansas City Southern merger.
We’ll now examine how this large-scale...