CP Rail Reports

CP Rail Reports

Canadian Pacific Railway, Canada’s second-largest railroad operator, reported a higher-than-expected quarterly profit Thursday as freight volumes jumped and operating efficiency improved. CP Rail’s operating ratio – or operating costs as a percentage of revenue – improved to 59.8 per cent in 4Q 2014, from 92.9 per cent a year earlier.

Quarterly Results, CP Rail

CP Rai’s net income rose to $451 million, or $2.63 per share, from $82 million, or 47 cents per share, a year earlier, when the company had taken an impairment charge of $435 million.
Excluding items, CP Rail earned C$2.68 per share.

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