Commercial InitiativesThe pipeline of commercial initiatives in automotive and intermodal is robust, including several conversion opportunities from trucking that have the potential to drive annualized synergies above the US$700m current year target.
Financial PerformanceCP reported 2Q24 results that were above expectations with RTM growth of 6% YoY on a combined PF basis and adj. EPS up 27%.
Revenue SynergiesRevenue synergies are running ahead of target, with the company now expecting to exit year at a run rate closer to $800mm compared to the $350mm run-rate exiting 2023.