Canadian Pacific’s net income skyrockets in 2017

The Class I railway revealed that for 2018, it is planning to invest between C$1.35 billion and C$1.5 billion in capital programs, and is expecting mid-single-digit revenues growth.

Canadian Pacific’s net income skyrockets in 2017

The Class I railway revealed that for 2018, it is planning to invest between C$1.35 billion and C$1.5 billion in capital programs, and is expecting mid-single-digit revenues growth.

Canadian Pacific’s net income skyrockets in 2017

The Class I railway revealed that for 2018, it is planning to invest between C$1.35 billion and C$1.5 billion in capital programs, and is expecting mid-single-digit revenues growth.

 
Class I railway Canadian Pacific recorded a net income of $2.41 billion Canadian (U.S. $1.94 billion) for 2017, surging from C$1.6 billion for 2016, the company reported Thursday.
    Meanwhile, revenues totaled C$6.55 billion for 2017, up 5 percent from 2016.
    In the fourth quarter alone, Canadian Pacific recorded a net income of C$984 million, compared to C$384 million for the fourth quarter of 2016.
    Revenues for the fourth quarter of 2017 stood at C$1.71 billion, an increase of 5 percent year-over-year.
    Looking ahead, Canadian Pacific expects mid-single-digit revenues growth in 2018, and plans to invest between C$1.35 billion and C$1.5 billion in capital programs throughout the year.
   Canada’s other Class I cargo railway, Canadian National, revealed earlier this month that it will report fourth quarter and year-end 2017 financial and operating results on Jan. 23, 2018.

A primary concern to the [U.S. Federal Maritime Commission] under the Shipping Act is whether ocean carrier bunker charge adjustment formulas are clear and definite.

While UP, CSX and KCS have already reported their Q1 2019 results, CP will report its results on April 23, followed by Norfolk Southern on April 24 and CN on April 29.

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Canadian Pacific’s net income skyrockets in 2017

The Class I railway revealed that for 2018, it is planning to invest between C$1.35 billion and C$1.5 billion in capital programs, and is expecting mid-single-digit revenues growth.

Jan 19, 2018 on Dec 27, 2018AmericanShipper.com

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Canadian Pacific’s net income skyrockets in 2017

The Class I railway revealed that for 2018, it is planning to invest between C$1.35 billion and C$1.5 billion in capital programs, and is expecting mid-single-digit revenues growth.

Jan 19, 2018 on Dec 27, 2018AmericanShipper.com