"What happened to us in February, especially in the first two weeks of March, was extraordinary," chief executive Keith Creel said of the weather. Crude-by-rail helps fuel rising profitsDespite the weather trouble, Canadian Pacific saw profits shoot up last quarter as crude-by-rail revenues increased and fuel costs declined. Quarterly revenues jumped to $1.77 billion, up six per cent from $1.66 billion last year. Revenues for energy, chemicals and plastics jumped 18 per cent to $315 million amid surging demand from Asian markets in the first quarter. CP Rail's operating ratio, a key industry metric, hit 69.3 per cent, an increase of 180 basis points compared to last year.

Source: CBC News April 23, 2019 20:48 UTC