• ITVI.USA
    12,782.990
    -31.400
    -0.2%
  • OTRI.USA
    28.230
    0.050
    0.2%
  • OTVI.USA
    12,730.180
    -30.950
    -0.2%
  • TLT.USA
    3.290
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.630
    0.060
    2.3%
  • TSTOPVRPM.CHIATL
    3.080
    -0.090
    -2.8%
  • TSTOPVRPM.DALLAX
    1.180
    -0.060
    -4.8%
  • TSTOPVRPM.LAXDAL
    3.210
    -0.070
    -2.1%
  • TSTOPVRPM.PHLCHI
    1.630
    -0.090
    -5.2%
  • TSTOPVRPM.LAXSEA
    3.360
    0.070
    2.1%
  • WAIT.USA
    121.000
    1.000
    0.8%
  • ITVI.USA
    12,782.990
    -31.400
    -0.2%
  • OTRI.USA
    28.230
    0.050
    0.2%
  • OTVI.USA
    12,730.180
    -30.950
    -0.2%
  • TLT.USA
    3.290
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.630
    0.060
    2.3%
  • TSTOPVRPM.CHIATL
    3.080
    -0.090
    -2.8%
  • TSTOPVRPM.DALLAX
    1.180
    -0.060
    -4.8%
  • TSTOPVRPM.LAXDAL
    3.210
    -0.070
    -2.1%
  • TSTOPVRPM.PHLCHI
    1.630
    -0.090
    -5.2%
  • TSTOPVRPM.LAXSEA
    3.360
    0.070
    2.1%
  • WAIT.USA
    121.000
    1.000
    0.8%
American ShipperShippingTrade and Compliance

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.

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