Investors Worry About Railroad Exposure to Tariffs -- WSJ

Dow Jones05:18

By Esther Fung

Shares of Canadian Pacific Kansas City $(CP)$-the only rail company with lines that link the U.S., Canada and Mexico-fell 3.6% Tuesday over tariff concerns.

The railroad was formed last year when Canadian Pacific acquired Kansas City Southern in a $28 billion merger. The Calgary-based railroad has been courting new customers, aiming to help companies move their goods more cheaply between the three countries in North America.

CPKC executives have said that North American free trade is good for all three countries, and that they will engage in trade discussions with the leaders of the U.S., Canada and Mexico.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

November 26, 2024 16:18 ET (21:18 GMT)

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