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CP quarterly profit soars 47pc to US$481.7 million as sales fall 4pc

THE Canadian Pacific Railway has posted a 47

22 April 2021 - 19:00
THE Canadian Pacific Railway has posted a 47.1 per cent year-on-year profit increase in first quarter to C$602 million (US$481.7 million) drawn on revenues of C$1.96 billion, which fell four per cent,

'The strong demand environment, particularly across bulk, merchandise and domestic intermodal, coupled with our commitment to the foundations of precision scheduled railroading enabled our success in the first quarter,' said CP president and CEO Keith Creel.



'The momentum we ended the first quarter with has enabled a strong start to the second quarter and we remain committed to delivering for our customers, employees, shareholders and communities,' Mr Creel said.


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