CP Railway profit jumps as freight revenue rises

Wed Jul 24, 2013 7:43am EDT
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July 24 (Reuters) - Canadian Pacific Railway's second-quarter profit more than doubled due to a jump in freight revenue.

Net income for Canada's second-biggest railroad operator rose to C$252 million ($244.86 million), or C$1.43 per share, from C$103 million, or 60 Canadian cents per share, a year earlier.

Total revenue rose 10 percent to C$1.50 billion.