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CP posts 3pc revenue decline in fourth quarter to US$1.59 billion
来源：Shipping News Headlines 编辑：编辑部 发布：2021/01/29 10:26:44
THE Canadian Pacific Railway posted a fourth quarter year-on-year three per cent revenue decline of C$2.01 billion (US$1.59 billion) from which profit was expressed "as diluted earnings per share of $5.95 and record adjusted diluted EPS of $5.06".
"With a foundation of strong operational performance and a commitment to controlling what we can, the team continues to deliver," said CP president and CEO Keith Creel. "Despite the continued Covid-19 impacts, volumes steadily improved over the second half of 2020 and we saw revenue ton mile growth in the fourth quarter."
Federal Railroad Administration-reportable personal injuries declined 22 per cent to a record-low 1.11 from 1.42 in 2019, and CP's FRA-reportable train accident frequency decreased nine per cent versus 2019 to a record-low 0.96 from 1.06.
Said Mr Creel: "I'm proud to say that our 2020 full-year results, including from a safety perspective, exceeded our expectations, in what has been one of the most challenging years any of us have faced."
Other components of net periodic benefit recovery will increase by C$40 million versus 2020, he said.
"The uncertainty caused by the Covid-19 pandemic dramatically disrupted global supply chains," said Mr Creel. "By leveraging our unique growth opportunities and applying our precision scheduled railroading operating model, CP is continuing to lead the industry. The momentum we've created in the fourth quarter will continue into 2021."
"With a foundation of strong operational performance and a commitment to controlling what we can, the team continues to deliver," said CP president and CEO Keith Creel. "Despite the continued Covid-19 impacts, volumes steadily improved over the second half of 2020 and we saw revenue ton mile growth in the fourth quarter."
Federal Railroad Administration-reportable personal injuries declined 22 per cent to a record-low 1.11 from 1.42 in 2019, and CP's FRA-reportable train accident frequency decreased nine per cent versus 2019 to a record-low 0.96 from 1.06.
Said Mr Creel: "I'm proud to say that our 2020 full-year results, including from a safety perspective, exceeded our expectations, in what has been one of the most challenging years any of us have faced."
Other components of net periodic benefit recovery will increase by C$40 million versus 2020, he said.
"The uncertainty caused by the Covid-19 pandemic dramatically disrupted global supply chains," said Mr Creel. "By leveraging our unique growth opportunities and applying our precision scheduled railroading operating model, CP is continuing to lead the industry. The momentum we've created in the fourth quarter will continue into 2021."