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CP Rail Profit up 23% on Better Efficiency

Posted October 21, 2014

Under Logistics & Supply Chain Issues

(Canadian Press)

Canadian Pacific Railway had $400 million of net income in the third quarter — up 23 per cent from last year on higher revenue and improved efficiency but short of the profit growth that analysts had been anticipating.

Its revenue for the three months ended Sept. 30 totalled $1.67 billion, also up from a year earlier but short of estimates, while the company’s operating ratio – a measure of efficiency – improved more than expected to a record low 62.8 per cent. Read more here.