By Stuart Chirls, Senior Editor, Railway Age Magazine; April 19, 2018
First-quarter profit fell 19.3% at Canadian Pacific Railway on higher expenses across its network.
The Calgary-based railroad announced net income of C$348 million (US$275.8 million) or C$2.41 per share for the quarter ended March 31, off from C$431 million or C$2.93 per share in 2017.
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