press re"> press re" />

1370 Ontario St. - Mezzanine, Cleveland, Ohio 44113 • (216) 241-2630 / Fax: (216) 241-6516

Membership
Benefits
News and Issues
Departments
Secretary-Treasurers
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

© 1997-2016 Brotherhood of Locomotive Engineers and Trainmen

 


Decertification Helpline
(216) 694-0240

National Negotiations

Sign up for BLET
News Flash Alerts

DAILY HEADLINES

Get the latest labor news from the Teamster news blog
NJ Transit rail strike inches closer as sides fail to reach deal
Congressional delegation from Indiana writes STB to oppose CP-NS merger
Two NY congressmen oppose CP-NS merger
AAR: January 2016 U.S. rail traffic down 7.3 percent from January 2015
Metro-North worker seriously injured in accident involving electric cart
US Foods forces Phoenix Teamsters to launch unfair labor practice strike
Union Pacific to cut capital spending, announces dividend
Video: Shipping oil by rail from Alberta to Alaska an alternative to pipelines
Phillips 66 says California rail project critical to crude supply
Health study reveals Lac-Megantic residents still suffering 2 years after deadly derailment
Paulsboro train derailment lawyer coached witness, report says
Norfolk Southern notes industrial investments along rail lines in 2015
Hoffa: Past TPP concerns are still today’s reality for bum trade deal

More Headlines