CALGARY-based Canadian Pacific Railway recently announced its third quarter results, seeing net profits of C$186.6 million, a decrease of C$10.5 million year on year, while operating profit was C$324.6 million, down C$13.1 million year on year.

    Total revenues in the third quarter were C$1.3 billion, up C$55.4 million compared to the same period last year, while operating expenses were C$1 billion, up C$68.5 million. Also, average fuel price raised 47 per cent to US$3.44 per US gallon.

    Said president and CEO Fred Green: "We currently see strength in our bulk franchise, but remain vigilant in monitoring economic signals from Asia.

    "We are focused on sustaining and improving service and productivity through investments in locomotives, infrastructure, people and technology."

(source:http://www.shippingonline.cn/news/newsList.asp?classname=News)