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Canadian Pacific Kansas City reports $1.3-billion in earnings amid dip in rail demand

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CPKC reported revenues of $3.2-billion in its first results as a combined railway

reported its first financial results as a combined railway on Thursday, with revenues of $3.2-billion and profit of $1.3-billion, but signalled that its increased heft is no bulwark against economic uncertainty.

“This is about the long game, it’s not about the first quarter of a new company,” Mr. Creel said on a conference call with analysts on Thursday. John Brooks, chief marketing officer, said the port strike cost CPKC $80-million in revenue, much of which he hopes to claw back in the coming quarters.

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 /  🏆 5. in PT
 

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