Canadian Pacific Kansas City Ltd 8-K, filed Feb 6, 2020
Canadian Pacific Kansas City Ltd (CP)
8-K
2020-02-06
For: 2020-02-05
View Original
Added on
April 11, 2026
About this 8-K
Canadian Pacific Kansas City Ltd filed this 8-K on February 6, 2020, reporting on events of February 5, 2020.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
Canadian Pacific Railway Limited
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
Canada,
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (403) 319-7000
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange
on which registered
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| Common Shares, without par value, of Canadian Pacific Railway Limited | CP | Toronto Stock Exchange | ||
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Perpetual 4% Consolidated Debenture Stock of Canadian Pacific Railway Company |
BC87 | London Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 8.01. Other Events.
On February 5, 2020, Canadian Pacific Railway Limited (the “Company”) issued a press release announcing that the Company had moved 2.09
million metric tonnes of Canadian grain and grain products in January 2020, breaking the January 2019 record by 200,000 metric tonnes.
ITEM 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No.
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Exhibit Description
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Exhibit 99.1
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Exhibit 104
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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EXHIBIT INDEX
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Exhibit No.
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Exhibit Description
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Exhibit 99.1
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Exhibit 104
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
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Dated: February 6, 2020
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CANADIAN PACIFIC RAILWAY LIMITED
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By:
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/s/ Nizam Hasham
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Name:
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Nizam Hasham
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Title:
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Assistant Corporate Secretary
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EXHIBIT 99.1
Release: Feb. 5, 2020
CP sets January record for Canadian grain movements
Calgary – Canadian Pacific (TSX: CP) (NYSE: CP) moved 2.09 million metric tonnes of Canadian grain and grain products in January 2020, breaking the January 2019
record by 200,000 metric tonnes.
“CP’s commitment to providing our customers with safe and efficient service continues to create positive momentum across the Canadian
grain supply chain,” said Joan Hardy, CP's Vice-President Sales and Marketing, Grain and Fertilizers. “This record-setting performance was achieved through close collaboration across the supply chain and the efforts of our world-class operating
team.”
CP’s 8,500-foot High Efficiency Product (HEP) train model, Dedicated Train Program (DTP)
and new high-efficiency hopper cars are significant factors in CP’s record-breaking January. CP now has more than 2,300 new high-capacity hopper cars in service and expects to operate 3,300 by the end of 2020. The new hopper cars can carry 10 percent
more volume and 15 percent more weight compared to the older cars they are replacing. Combined with the additional length of the 8,500-foot grain train model, a HEP train has more than 40 percent additional capacity than the 7,000-foot model. The DTP
incentivizes customers to load and unload more quickly, driving increased overall grain movements.
“As we approach Feb. 11, Canada’s Agriculture Day, I am once again reminded of the role CP and the entire grain supply chain plays in enabling the Canadian
agricultural industry,” said Hardy. “On Canada’s Agriculture Day, we celebrate the producers of the food that is enjoyed in Canada and around the world. It is with great pride that we deliver these products to market each and every day.”
Note on forward-looking information
This news release contains certain forward-looking information and forward-looking statements (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, statements concerning expectations, beliefs, plans, goals, objectives, assumptions and statements about possible future events, conditions, and results of operations or performance. Forward-looking information may contain statements with words or headings such as "financial expectations", "key assumptions", "anticipate", "believe", "expect", "plan", "will", "outlook", "should" or similar words suggesting future outcomes. This news release contains forward-looking information relating, but not limited to, the success of our business, our operations, priorities and plans, our anticipated financial and operational performance and efficiency of the HEP train model and associated facilities, including growth in our high-capacity hopper car fleet in 2020 and beyond, capital expenditures, shipment capacity, labour and employment plans, HEP qualification of CP-served train-loading facilities, performance by and investments in the Canadian grain supply chain by CP and third-party shippers, and the ability to meet the demands of shipping customers in Canada’s agricultural sector and cooperation with other stakeholders in the grain supply chain.
This news release contains certain forward-looking information and forward-looking statements (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, statements concerning expectations, beliefs, plans, goals, objectives, assumptions and statements about possible future events, conditions, and results of operations or performance. Forward-looking information may contain statements with words or headings such as "financial expectations", "key assumptions", "anticipate", "believe", "expect", "plan", "will", "outlook", "should" or similar words suggesting future outcomes. This news release contains forward-looking information relating, but not limited to, the success of our business, our operations, priorities and plans, our anticipated financial and operational performance and efficiency of the HEP train model and associated facilities, including growth in our high-capacity hopper car fleet in 2020 and beyond, capital expenditures, shipment capacity, labour and employment plans, HEP qualification of CP-served train-loading facilities, performance by and investments in the Canadian grain supply chain by CP and third-party shippers, and the ability to meet the demands of shipping customers in Canada’s agricultural sector and cooperation with other stakeholders in the grain supply chain.
The forward-looking information contained in this news release is based on current expectations, estimates, projections and assumptions, having regard to CP's
experience and its perception of historical trends, and includes, but is not limited to, expectations, estimates, projections and assumptions relating to: foreign exchange rates, effective tax rates, land sales and pension income;
North American and global economic growth; commodity demand growth; sustainable industrial and agricultural production; commodity prices and interest rates;
performance of our assets and equipment; sufficiency of our budgeted capital expenditures in carrying out our business plan; our ability to complete our capital and maintenance projects on the timelines anticipated; applicable laws, regulations and
government policies; the availability and cost of labour, services and infrastructure; and the satisfaction by third parties of their obligations to CP. Although CP believes the expectations, estimates, projections and assumptions reflected in the
forward-looking information presented herein are reasonable as of the date hereof, there can be no assurance that they will prove to be correct.
Undue reliance should not be placed on forward-looking information as actual results may differ materially from those expressed or implied by forward-looking
information. By its nature, CP's forward-looking information involves inherent risks and uncertainties that could cause actual results to differ materially from the forward looking information, including, but not limited to, the following factors:
changes in business strategies; general North American and global economic, credit and business conditions; risks associated with agricultural production, such as weather conditions and insect populations; the availability and price of energy
commodities; the effects of competition and pricing pressures; industry capacity; shifts in market demand; changes in commodity prices; uncertainty surrounding timing and volumes of commodities being shipped via CP; inflation; changes in laws,
regulations and government policies, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; changes in fuel prices; uncertainties of investigations, proceedings or other types of claims
and litigation; labour disputes; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; currency and interest rate fluctuations; effects of changes in market
conditions and discount rates on the financial position of pension plans and investments; trade restrictions or other changes to international trade arrangements; climate change; and various events that could disrupt operations, including severe
weather, such as droughts, floods, avalanches and earthquakes, and cybersecurity attacks, as well as security threats and governmental response to them, and technological changes. The foregoing list of factors is not exhaustive. These and other
factors are detailed from time to time in reports filed by CP with securities regulators in Canada and the United States. Reference should be made to "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of
Operations - Forward-Looking Information" in CP's annual and interim reports on Form 10-K and 10-Q.
The forward-looking information contained in this news release is made as of the date hereof. Except as required by law, CP undertakes no obligation to update
publicly or otherwise revise any forward-looking information, or the foregoing assumptions and risks affecting such forward-looking information, whether as a result of new information, future events or otherwise.
About Canadian Pacific
Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North
American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca
to see the rail advantages of CP. CP-IR
Contacts:
Media
Salem Woodrow
204-934-4255
Salem_Woodrow@cpr.ca
24/7 media pager: alert_mediarelations@cpr.ca
Investment Community
Maeghan Albiston
403-319-3591
investor@cpr.ca