(Source: Globe and Mail, January 29, 2014)
TORONTO — Canadian Pacific Railway Ltd. posted record quarterly and annual profit on Wednesday as the shakeup launched by CEO Hunter Harrison appears to be paying off. The Calgary-based railway says net profit in the three months ending Dec. 31 rose to $82-million, or 47 cents a share, from $15-million, or 8 cents a share, in the year-earlier period. Revenue in the quarter rose by 7 per cent to $1.6-billion.
Full story: Globe and Mail