Press "Enter" to skip to content

Posts published in “Day: April 24, 2019”

UPDATE 2-CP Railway profit misses as harsh winter raises costsUPDATE 2-CP Railway profit misses as harsh winter raises costs

UPDATE 2-CP Railway profit misses as harsh winter raises costs

By Railroad Worker News on April 24, 2019

(Adds CFO comment, details on crude-by-rail) April 23 (Reuters) - Canadian Pacific Railway Ltd missed analysts' estimates for quarterly profit on Tuesday as the railroad operator spent heavily to combat a harsh winter that impacted its operations. Canada's challenging winter conditions extended to February, with a winter storm dumping heavy snow and ice pellets on…

UPDATE 1-Canadian Pacific Railway misses profit estimates as costs riseUPDATE 1-Canadian Pacific Railway misses profit estimates as costs rise

UPDATE 1-Canadian Pacific Railway misses profit estimates as costs rise

By Railroad Worker News on April 24, 2019

(Adds estimates, key metrics) April 23 (Reuters) - Canadian Pacific Railway Ltd missed analysts' estimates for quarterly profit on Tuesday, as the railroad operator's expenses rose. Canada's challenging winter conditions extended to February, with a winter storm dumping heavy snow and ice pellets on the most populated parts of the country, closing schools and paralyzing…