CPKC Reports Q3 Revenue Growth and Sets Long-Term Land Bridge Targets
Canadian Pacific Kansas City (CPKC) reported strong third-quarter results, highlighted by $4.2 billion in revenue and a 6% increase in volume growth. The company achieved an operating ratio of 61.9%, which contributed to a 16% growth in adjusted earnings per share (EPS). Management noted that the company reached all-time domestic volume records during this period. Looking ahead, CEO Keith Creel signaled confidence in improving operational efficiency, targeting a sub-60% operating ratio by the fourth quarter. Additionally, the company has set ambitious long-term goals for its land bridge business, aiming to exceed $600 million in revenue by the end of 2026.
Tickers: $CP
Topics: EPS growth operating ratio revenue growth volume records
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