30 January 2008
Rail Boss Says CPR Hitting Stride After '07 Woes
Calgary Alberta - Canadian Pacific Railway Ltd. has its
"stride back," after being plagued by weather, labour, and economic woes throughout 2007, the Calgary-based
company's chief operating officer said yesterday.
"I like how the operation is running and how the team responded to the challenges we already faced in 2008," Kathryn McQuaid
said.
"We have our stride back and we will continue to deliver both an efficient operation and one that meets our customer
needs."
The railway's fourth-quarter profit soared to $342 million from a year-ago $146 million, thanks mainly to
lower future Canadian income tax rates.
Diluted earnings per share rose to $2.21 from 92 cents.
For the full year, net income improved 19% to $946 million or $6.08 a share.
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