Canadian Pacific Railway Ltd. missed expectations even though its profits surged 25 per cent during the winter quarter despite lower volumes caused by frigid temperatures and heavy snowfall. Canadian Pacific Railway locomotives are shuffled around a marshalling yard in Calgary on May 16, 2012. Canadian Pacific Railway Ltd. saw profits shoot up last quarter as crude-by-rail revenues increased and fuel costs declined. Operating expenses rose nine per cent year over year to $1.22 billion in the quarter ended March 31, CP Rail said. Despite the weather trouble, the Calgary-based company saw profits jump last quarter as crude-by-rail revenues increased and fuel costs declined.

Source: thestar April 23, 2019 20:55 UTC