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Rail News: Financials

CPR forecasts earnings, revenue gains next year


"Higher" is the key word to Canadian Pacific Railway's financial projections for 2007. As in higher revenue, earnings, capital spending and free cash flow.

CPR officials expect total revenue to increase between 4 percent and 6 percent — based on volume growth and rate increases — and diluted earnings per share to go up between 9 percent and 13 percent.

In addition, capital spending is projected to rise to between $885 million and $895 million compared with anticipated 2006 spending of $845 million.

However, total operating expenses are forecasted to increase as well, rising between 3 percent and 5 percent.

"Execution of our integrated operating plan is driving increased fluidity on our network and improving our operating ratio," said CPR President and Chief Executive Officer Fred Green in a prepared statement.

Contact Progressive Railroading editorial staff.

More News from 11/17/2006