Canadian Pacific Kansas City Limited (CP) to Receive 70 Tier 4 Locomotives from Wabtec, 30 from Progress Rail This Year

TheFly reported connected January 21 that Scotiabank accrued its terms people for CP to C$124 from C$119 and maintained an Outperform standing connected the stock.

Additionally, connected the aforesaid day, Canadian Pacific Kansas City Limited (NYSE:CP) reported that it is continuing its multi-year locomotive fleet renewal arsenic portion of an astir $800 cardinal concern successful U.S. manufacturing. After completing the acquisition of 100 Tier 4 locomotives from Wabtec successful 2025, the institution expects transportation of 70 further Wabtec units successful 2026 and plans to person 30 caller Tier 4 locomotives from Progress Rail aboriginal successful the year, which volition beryllium built astatine the company’s installation successful Indiana.

Canadian Pacific Kansas City Limited (NYSE:CP) is simply a starring North American obstruction web connecting Canada, the United States, and Mexico. The institution provides businesslike freight proscription services, supporting commercialized crossed cardinal concern and user markets.

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