On Tuesday afternoon, a teenager was hit by a CP Rail train in Bowness, Calgary. The incident occurred near the bridge east of 85th Street Northwest around 1:20 p.m. According to the Calgary Police Service, the teenager was immediately taken to the hospital in critical condition. The cause of the incident is currently under investigation.
Canadian Pacific Kansas City Limited (CP) announced its first-quarter 2024 financial results, showing a 55.3% year-over-year increase in revenue to CA$3.52 billion. However, this fell short of the consensus estimate of CA$3.54 billion. The company reported an operating ratio of 67.4%, a rise of 400 basis points (bps) compared to 63.4% in the prior-year quarter. Adjusted operating ratio also increased by 50 bps to 64%. Adjusted combined earnings per share (EPS) were CA$0.93, up from CA$0.90 in Q1 2023 but below the consensus of CA$0.94. Overall, CP’s financial performance in the first quarter was mixed, with revenue growth offset by higher operating costs.
