Canadian Pacific Kansas City said fourth-quarter revenues increased to $3.9 billion from $3.8 billion a year ago, as diluted earnings per share increased to $1.28 from $1.10 in the same quarter in 2023.
The Calgary, Alberta-based company (NASDAQ: CP) said after markets closed that its operating ratio decreased by 210 basis points to 59.7% from 61.8% y/y.
“Our team finished our first full year as a combined company strong, with volume growth, improved safety performance, and solid operational execution that allowed CPKC to deliver industry-leading earnings growth in 2024,” said Keith Creel, CPKC president and chief executive, in an earnings release.
Full-year 2024 operating ratio decreased by 60 basis points to 64.4 from 65 in 2023. Diluted earnings per share was $3.98 from $4.21 y/y.
“Looking forward to 2025, we expect another year of strong earnings growth consistent with CPKC’s multi-year guidance provided at our 2023 Investor Day,” Creel said.
The company in 2024 forecast mid-single-digit volume growth as measured in revenue ton miles, and capital expenditures of $2.9 billion, with the increase compared to 2024 driven by a higher expected U.S.-dollar-to-Canadian-dollar conversion rate.
Find more articles by Stuart Chirls here.
Related coverage:
Norfolk Southern touts operational, service and financial improvement
Freight Fraud Symposium
Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
Supply Chain AI Symposium
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
Future of Rail Symposium
Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
Rock & Roll Hall of Fame • Cleveland, OH Register NowPast the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
The Old Post Office • Chicago, IL Register NowReshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now