Financial Ports

CPKC earnings jump 16% but fuel costs bite into margins

CLAVE 1 / 4CPKC’s third-quarter revenue reached C$4.22bn ($3.01bn), a 62% increase from a year earlier.

CLAVE 2 / 4Core adjusted earnings per share rose 16% to 91 cents, driven by higher freight volumes and intermodal growth.

CLAVE 3 / 4Fuel expenses jumped to $475m, up 60% year-on-year, worsening the operating ratio to 64.8%.

CLAVE 4 / 4Net income attributable to shareholders dipped slightly to $653m, despite higher operating income.

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