# Canadian Pacific reports higher revenues, lower profits as costs rise

> Canadian Pacific Kansas City CEO Keith Creel said on a July 30 earnings call that a strike by about 3,300 workers is most probable toward the end of August, with the sides far apart on a new contract. CN, by contrast, does not expect escalation to a full strike or lockout.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: logistics · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/29274-canadian-pacific-reports-higher-revenues-lower-profits-as-costs-rise
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

CPKC's warning raises the odds of a disruption to western grain and potash shipments during harvest, which would lift freight costs and tighten nearby grain supplies while delaying exports for months afterward.

## Read by commodity

- WHEAT: bullish ▲
- POTASH: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-08-25 | [Russia’s wheat exports to Egypt: Why shipping costs are rising despite lower prices](https://feedsoft.ai/events/18113-russia-s-wheat-exports-to-egypt-why-shipping-costs-are-rising-despite-lower.md) | +1.7% | +4.5% |
| WHEAT | 2024-05-01 | [Canadian Pacific girds for potential rail strike next month](https://feedsoft.ai/events/30761-canadian-pacific-girds-for-potential-rail-strike-next-month.md) | +2.2% | +15.0% |
| WHEAT | 2017-11-03 | [Ukrainian grain exporters incur the highest costs in ports — Latifundist.com](https://feedsoft.ai/events/67885-ukrainian-grain-exporters-incur-the-highest-costs-in-ports-latifundist-com.md) | +0.1% | -1.6% |
| WHEAT | 2026-02-09 | [Lower Ocean Freight Costs Boost Grain Export Competitiveness -](https://feedsoft.ai/events/16879-lower-ocean-freight-costs-boost-grain-export-competitiveness.md) | +1.4% | +6.9% |
| WHEAT | 2021-07-09 | [Double whammy for food buyers as freight costs spike amid high grain prices \| Reuters](https://feedsoft.ai/events/45908-double-whammy-for-food-buyers-as-freight-costs-spike-amid-high-grain-prices.md) | -1.4% | -0.0% |

## Sources

- bnnbloomberg.ca: https://www.bnnbloomberg.ca/business/company-news/2024/07/30/canadian-pacific-reports-higher-revenues-lower-profits-as-costs-rise/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.