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

We recently compiled a list of the 20 Most Profitable Stocks of the Last 20 Years. The ninth stock on our list of most profitable stocks is Canadian Pacific Kansas City Limited.

TheFly reported on January 21 that Scotiabank increased its price target for CP to C$124 from C$119 and maintained an Outperform rating on the stock.

Additionally, on the same day, Canadian Pacific Kansas City Limited (NYSE:CP) reported that it is continuing its multi-year locomotive fleet renewal as part of an approximately $800 million investment in U.S. manufacturing. After completing the purchase of 100 Tier 4 locomotives from Wabtec in 2025, the company expects delivery of 70 additional Wabtec units in 2026 and plans to receive 30 new Tier 4 locomotives from Progress Rail later in the year, which will be built at the company’s facility in Indiana.

Canadian Pacific Kansas City Limited (NYSE:CP) is a leading North American rail network connecting Canada, the United States, and Mexico. The company provides efficient freight transportation services, supporting trade across key industrial and consumer markets.

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