SOURCE: Industrial Info Resources
April 24, 2014 06:30 ET
SUGAR LAND, TX--(Marketwired - Apr 24, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Canada's two major freight rail companies reported gains in first-quarter net earnings from the same quarter last year, despite the impact of an unusually adverse winter. Canadian Pacific Railway (NYSE:CP) (Calgary, Alberta) reported its net income rose 16% to a first-quarter record of C$254 million (US$230 million) from the same quarter last year. Canadian National Railway (NYSE:CNI) (Montreal, Quebec), meanwhile, said its net earnings rose 12% to C$623 million (US$564.65 million) from the year-earlier quarter. Industrial Info is tracking more than $2.5 billion in Canadian Pacific Railway projects and nearly $1.4 billion in Canadian National Railway projects.
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