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.
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(END) Dow Jones Newswires
November 26, 2024 16:18 ET (21:18 GMT)
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