CPR moved less freight, Q1 profit dipped 31%
Canadian Pacific Railway Ltd. declared a 31 per cent dip in first-quarter profit Thursday to $62.5 million because of a sharp decline in the movement of potash products.
CEO Fred Green stated:
As we experienced rapidly declining volumes in the quarter, we successfully reduced variable expenses while delivering consistent service to our customers.
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Fri, Apr 24, 2009
Post by Melissa Pistilli, Potash Senior Reporter