Canadian Pacific Railway Limit (CP)

Canadian Pacific Railway Limited, through its subsidiaries, operates a transcontinental railway in Canada and the United States. It offers rail and intermodal freight transportation services over approximately 15,500-mile railway network serving the principal business centers of Canada, including Montreal, Quebec, Vancouver, British Colombia; and the midwest and northeast regions of the United States. The company transports bulk commodities, including, grain, coal, sulphur, and fertilizers; merchandise freight that consist of finished vehicles and automotive parts; and intermodal traffic, which includes time-sensitive retail goods, as well as forest, industrial, and consumer products. Canadian Pacific Railway Limited was founded in 1881 and is based in Calgary, Canada. Canadian Pacific Railway Limited (TSX:CP) operates independently of Canadian Pacific Limited as of October 01, 2001.

For the nine months ended 30 September 2006, Canadian Pacific Railway Limited's revenues rose 5% to C$3.39B. Net income rose 60% to C$650.2M. Revenues reflect higher freight income due to an increase in sales of grain and higher industrial consumer products income. Net income also reflects lower equipment rent expense, reduced costs related to purchased services and a decrease in interest expense due to positive effect of foreign exchange.