First quarter revenues for Canadian Pacific Railway totaled nearly $1.8 billion, down six percent from one year ago. CP President and CEO Keith Creel said the quarterly financials were influenced by last year’s drought and the impact on grain volumes, difficult winter conditions and a work stoppage. CP is continuing its work to create a single-line rail network that links the U.S., Canada and Mexico. The acquisition of Kansas City Southern still needs federal approval.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.