Driven by grain and automotive movement , railroad Canadian Pacific Kansas City (CPKC) closed with 3% growth in its revenues in the fourth quarter of last year (4Q24) compared to the same period in 2023.
According to its report, fourth-quarter revenue rose to C$3.87 billion from C$3.78 billion year-over-year.
During the period, the company recorded a 16% increase in the automotive segment and 11% in grains , also in forestry products with just 1% and only 2% in Energy, chemicals and plastics.
Net income increased from $1.118 billion to $1.199 billion Canadian in the fourth quarter.
The reported operating ratio (OR) decreased by 210 basis points to 59.7% from 61.8% in the fourth quarter of 2023. Diluted earnings increased to $1.28 per share from $1.10 per share.
“Our team completed our first full year as a strong combined company, with volume growth, improved safety performance and solid operational execution enabling CPKC to deliver industry-leading earnings growth in 2024,” said Keith Creel, CPKC president and CEO.
He said commitments to customers and shareholders have been met “as we continue to drive long-term, sustainable success across this unrivaled North American network.”
The company therefore expects another year of strong earnings growth in 2025 , in line with the multi-year guidance published in 2023.
“We continue to do what we said we would do, staying focused on safety and growth. The opportunities ahead are unique as we have the team, the network and the ability to deliver strong results for all stakeholders,” Creel said.
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