OREANDA-NEWS. Canadian Pacific Railway Limited today announced the highest-ever net income for the second quarter and the lowest operating ratio for the period in the company's history.

Net income rose to a record quarterly high of CAD 390 million, or CAD 2.36 per diluted share, an improvement of 12 percent. Adjusted earnings per share gained 16 percent to CAD 2.45. Revenues were little changed at CAD 1.65 billion.

SECOND-QUARTER 2015 HIGHLIGHTS
* Operating income climbed 10 percent to CAD 646 million
* OR fell to a second-quarter record 60.9 percent, a 420-basis-point improvement
* Adjusted earnings per share advanced 16 percent to CAD 2.45  

"Even in the face of this economic slowdown, CP's commitment to providing the best service at the lowest cost will continue to serve us well moving forward," Harrison said. "The positive CP story is based on a business model that allows for flexibility - we are nimble, efficient, and able to respond to the ever-changing economic climate."