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CP Rail reports record second quarter revenues of $2.05 billion Business Related Yes, as much as I can Only sometimes CALGARY – Canadian Pacific Railway Ltd. reported record second quarter revenues of $2.05 billion Wednesday. The Calgary-based railway reported earnings of $1.25 billion for the three months ended June 30, up from $635 million in the same period last year. CP Rail’s adjusted earnings per share were $1.03, a 27 per cent increase from $0.81 last year and a second quarter record. The company also declared a quarterly dividend of $0.19 per share, payable in October. The company’s operating ratio, a key measure of railroad efficiency where a smaller number is better, increased by 301 basis points to 60.1 per cent from 57.0 per cent. Included in that metric are $308 million in expenses related to CP’s efforts to acquire Kansas City Southern.

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