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

© 1997-2014 Brotherhood of Locomotive Engineers and Trainmen

 


Safety Task Force Hotline
800-306-5414

Decertification Helpline
800-393-2716

DAILY HEADLINES

Teamster Nation: Get the latest updates in the War on Workers
Amtrak signal maintainer killed in Illinois
Canada announces tougher railway safety rules in response to Lac-Megantic report
More safety auditors, more brakes on idle trains among Canada's new rail requirements
Railways grapple with locomotive shortage and soaring carloads
Detroit-Chicago rail plan: 110 mph, 10 daily trips
California rail agency seeks to avoid bullet train injunction battles
Montana's Ag Director asks BNSF to open Great Falls-Helena line
Ethanol maker says rail transport not keeping up as more embrace E15
Virginia's rail safety task force to start compiling list of recommendations
CSX to continue monitoring water quality of James River after derailment
KCS CEO David L. Starling sells $911,400 in company stock
Senior Vice President at KCS sells $2.4 million in company stock
Railroad stocks may strain to meet lofty expectations
Amtrak's Downeaster to add stop in Kennebunk, Maine
BNSF moves 1,000th crude oil unit train from North Dakota hub
Oil train wreck would be challenge, Spokane deputy fire chief testifies
Medicare Part B premiums remain the same in 2015
Credit for military service under the Railroad Retirement Act

More Headlines


Enter your e-mail address to receive BLET news updates.

Subscribe  Unsubscribe