Canadian Pacific early Wednesday reported first-quarter net income of C$217 million, or C$1.24 per diluted share, up sharply from C$142 million, or 82 Canadian cents per share, in the first quarter of 2012—a 51% improvement in earnings per share. Earnings beat Wall Street consensus estimates of C$1.21 per share for the quarter.
Canadian Pacifc on Thursday said it had resumed service in western Minnesota after a derailment spilled up to 30,000 U.S. gallons of oil.
Dakota Plains Holdings, Inc. and a joint-venture partner, Petroleum Transport Solutions, LLC, said Friday construction is under way for the Pioneer Project, designed to expand crude oil transload capacity in New Town, N.D. Canadian Pacific will serve the facility.
One of the perks of living in the Idaho panhandle, snuggled between Washington and Montana, is the ability to eavesdrop on our Canadian neighbors just to the north. During a recent drive to work, I was paying close attention to the CBC radio Eyeopener show, which is broadcast out of Calgary, Alberta.
Canadian Pacific Tuesday morning announced fourth-quarter diluted per share earnings of C$1.28, exclusive of “significant items,” up 15% from C$1.11 diluted per share earnings, also exclusive of such items, in the fourth quarter of 2011. The railroad called these earnings “solid.”