press re"> press re" />

7061 East Pleasant Valley Road, Independence, Ohio 44131 • (216) 241-2630 / Fax: (216) 241-6516

Membership
Benefits
News and Issues
Departments
Information
Merchandise
Communications
FELA
Events
Links
User Info

CP Rail reports 2Q 2014 net income of C$371 million

(Source: Canadian Pacific Railway press release, July 17, 2014)

CALGARY, Alberta — Canadian Pacific Railway Limited today announced record Q2 2014 financial results.

Reported net income in the second quarter was $371 million, or $2.11 per diluted share, versus $252 million, or $1.43 per share, in the second quarter of 2013. This represents a 48 per cent year-over-year improvement in earnings per share.

SECOND-QUARTER 2014 RESULTS COMPARED WITH SECOND-QUARTER 2013:

• Total revenues were $1,681 million, an increase of 12 per cent
• Operating expenses were $1,094 million, an increase of 2 per cent
• Operating income was $587 million, an increase of 40 per cent
• Operating ratio was 65.1 per cent, a 680 basis point improvement

"CP delivered another record quarter,” said E. Hunter Harrison, CP’s Chief Executive Officer. “The team has made great strides in my two years at CP and they continue to demonstrate resiliency by delivering these results despite continued operational challenges in the US Midwest after a devastating winter. The future is very promising for the railroad as we transition towards leveraging our lower cost structure and improved service.”

Click here for Q2 2014 earnings release and financial reports (PDF).

Thursday, July 17, 2014

Like us on Facebook at
Facebook.com/BLETNational

Sign up for BLET News Flash Alerts

© 1997-2017 Brotherhood of Locomotive Engineers and Trainmen

 


Decertification Helpline
(216) 694-0240

National Negotiations

Sign up for BLET
News Flash Alerts

DAILY HEADLINES

AAR: Rail traffic up 2.6 percent over 2016 for week ending February 11
Opinion: It’s getting a bit windy around Jacksonville
Mantle Ridge says it’s willing to adjust CSX demands
Analysts applaud CSX for calling special shareholders meeting
Teamsters applaud defeat of right-to-work legislation in New Hampshire
Anti-union forces set sites on Iowa public sector workers
Amtrak switch issues causes cancellations, delays in Boston
More rain whipsaws BNSF with outages in NorCal, PNW
Amtrak seeks direct federal aid in lawmakers’ infrastructure plan
Canada’s rail safety watchdog calls on government to toughen rules for oil trains
New Amtrak Charger locomotives testing on Cascades route
North Platte UP workers pay special tribute to late BLET member
Get the latest labor news from the Teamsters

More Headlines