Calgary Alberta - Canadian Pacific Railway Ltd. (CP) says it earned $1.27 billion in the fourth quarter of 2022, compared with $532 million in the same period of 2021.
 
The diluted profit worked out to $1.36 per share, compared to 74 cents per share in the prior year's quarter.
 
The Calgary-headquartered company reported revenue of $2.46 billion, a 21 percent increase from the same period of 2021.
 
CP says its freight revenue per carload for the fourth quarter was $3,381, an 11 percent increase year-over-year.
 
The company says its adjusted operating ratio, a key metric of railroad efficiency where a smaller number is better, increased 160 basis points to 59.1 percent.
 
For the full year 2022, CP's adjusted operating ratio increased 380 basis points to 61.4 percent.
 
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