July 24, 2014

Class I railroads report earnings

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Canadian Pacific Canadian Pacific reported April 24 first-quarter net income of C$217 million, up from C$142 million in the first quarter of 2012, a 51 percent improvement in earnings per share. First-quarter revenue of roughly C$1.5 billion was up 9 percent, setting “a quarterly record,” the company said. CP’s operating ratio was 75.8%, a 430 basis [...]