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More News from 2/25/2021
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Contact Progressive Railroading editorial staff.
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© © Trade Press Media Group, Inc.
Canadian Pacific moved 2.22 million metric tons (MMT) of Canadian grain and grain products in January, which exceeded the previous January record set in 2020 by 6%, the Class I reported yesterday.
CP has shipped 16 MMT of Canadian grain and grain products in the 2020-2021 crop year, exceeding the amount shipped at the same time in the 2019-2020 crop year by more than 13%, CP officials said in a press release.
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Canadian Pacific yesterday reported higher fourth-quarter 2020 profit on lower revenue compared with Q4 2019, as well as a record operating ratio (OR).
The Class I posted Q4 net income of CA$802 million compared with CA$664 million in Q4 2019. Diluted earnings per share (EPS) jumped 23% to $5.95 from $4.82, while adjusted diluted EPS rose 6% to $5.06 from $4.77.
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