Canada Pacific results

Canadian Pacific Railway (CP) has seen its revenues climb 13% to  $1.64bn. This growth has been driven by strong top-line growth and continued margin improvements produced by its operating model and its 12,000 employees. Net income rose 46% to $480m, the highest ever for the period.

CP’s CEO, Keith Creel said: “This quarter’s impressive results demonstrate the power of precision railroading. Strong volumes across many of our key business segments, combined with disciplined cost control, produced record operating income and earnings for the quarter.”

Operating income increased 23% to  $679m.

“We are off to a strong start in 2017 and remain confident that our team of committed railroaders will continue to safely and efficiently deliver results for our customers and shareholders in the second half of the year and beyond,” Keith added.

For more information visit www.cpr.ca

25th July 2017