(Source: World Grain, April 26, 2023)
Led by a robust grain business, Canadian Pacific Kansas City (CPKC) railroad in its first-quarter earnings report said revenue was C$2.27 billion, up 23% from C$1.84 billion year-over-year for the three months ended March 31. A record-breaking January in which the railroad hauled 2.3 million tons of Canadian grain pushed grain revenues to C$515 million in the first quarter, up 43% from C$360 million in 2022.
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