Grainnet

Canadian Pacific Railway Limited (TSX/NYSE: CP) today announced second-quarter net income of $166.6 million.

Diluted earnings per share were $0.98, up 23 per cent from $0.80 in the second-quarter 2009 which included a $0.41 per share gain from an asset sale.

Full CP Report

Comments

"We leveraged volume growth in the quarter to deliver a solid financial performance through a keen focus on cost management," said Fred Green, President and CEO.

"Our emphasis on safety, productivity and asset velocity is improving service reliability for our customers."

"Markets are likely to remain volatile," added Green.

"Our proven track record of quickly adjusting our resources to meet changing volume demands position us well for the second half."

For more information, call 778-772-9636.

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• Canadian Pacific
• Full CP Report

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