The B.C. port strike cost the Canadian Pacific Kansas City Ltd. $80 million in revenue this quarter. According to the American Railroad Association, the 13-day strike halted operations at west coast ports causing a decrease in the number of containers hauled by Canadian railways to barely half the level reached during the same period in 2022. In a tough quarter, the company dealt with strike impacts, while still in transition from Canadian Pacific Railway Ltd.’s purchase of Kansas City Southern in April. The $31 billion US deal was North America’s first big rail merger in more than two decades, creating the only railway stretching from Canada through to the U.S. and Mexico.
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