CPKC’s strong second-quarter results demonstrate advantages of North American network

By Canadian Pacific Kansas City
Cision Newswire
July 30, 2024
Category: Finance & Economics
Region: Canada, United States

CALGARY, Alberta — Canadian Pacific Kansas City announced its second-quarter results, including revenues of $3.6 billion, diluted earnings per share of $0.97 and core adjusted combined diluted EPS of $1.05. “Our excellent second quarter results showcase how the advantages of this unrivaled North American network are being realized,” said Keith Creel, CPKC President and CEO. Highlights include: Reported operating ratio decreased by 550 basis points to 64.8 percent from 70.3 percent in Q2 2023; Volumes, as measured in Revenue Ton-Miles (RTMs), increased six percent on a combined basis; Federal Railroad Administration (FRA)-reportable train accident frequency decreased to 0.77 from 0.80 in Q2 2023 on a combined basis4; and FRA-reportable personal injury frequency decreased to 0.81 from 1.31 in Q2 2023 on a combined basis.

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