GFM Network News


Grain revenue, grain handle higher in CP’s Q1

Increased grain and potash traffic and revenue helped Canadian Pacific Railway book a shift to “positive volumes” in its first-quarter ledger. Calgary-based CP on Wednesday reported net income of $431 million on revenues of $1.603 billion for its quarter ending March 31, down from $540 million on $1.591 billion in the year-earlier period. “We turned […] Read more

CP trims outlook on delayed Prairie harvest

Rain delays in this year’s Prairie grain harvest have bit into third-quarter revenues and earnings expectations for Canadian Pacific Railway (CP). The Calgary company on Wednesday booked overall net income of $347 million on revenues of $1.554 billion for its quarter ending Sept. 30. While net income was up seven per cent, total revenues were […] Read more



CP books more Prairie grain revenue at year-end

Higher grain revenue on Canada’s Prairies helped lead to record full-year revenues and offset a lower fourth-quarter gross for Canadian Pacific Railway (CP), as the company warned of substantial job cuts ahead. The railway on Thursday reported overall net income of $1.352 billion on record revenue of $6.712 billion for 2015, down from $1.476 billion […] Read more