GO suspending Niagara train service, January 9
Brampton Transit revises services, starting January 4
Malton GO Station: Temporary changes to station access, starting January 7
Snapshot of Greenboro Station - January 8, 2021
Snapshot of Airport Station - January 6, 2021
Subway closes early, January 11 to 14: Finch to Eglinton
CP Rail sets new grain export record in 2020
CN Rail, CP Rail report record-high grain transport results
Landslide blocks CN rail line between Terrace and Kitimat
Agincourt GO Station: GO relocating PRESTO and fare machines, starting January 11
Canadian Pacific Railway has announced record revenue of C$7·79bn for 2019, a 7% year-on-year increase. Diluted earnings per share increased 29% to a record C$17·52. The operating ratio was 59·9, an improvement from 61·3 the previous year.
‘Global economic uncertainty caused by geopolitical and macroeconomic challenges slowed rail volumes across North America’, said President & CEO Keith Creel on January 29. ‘By leveraging our unique growth opportunities and applying our precision scheduled railroading operating model, CP led the industry in volume growth for the second year in a row and, once again, delivered on its guidance.’
In the final quarter of 2019, ‘strong operational performance and commitment to controlling costs enabled the railway to be successful despite headwinds to our bulk franchise’, said Creel. ‘We continue to take a disciplined approach to sustainable, profitable growth, a plan rooted in the foundations of precision scheduled railroading. This approach in 2019 enabled CP to once again deliver its highest-ever revenues and the lowest-ever yearly operating ratio.’
Looking to 2020, Creel was ‘confident we’ll continue to see wins in the marketplace enabling us to continue to outpace the economy and our peers.’
This article first appeared on www.railwaygazette.com
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