Quantcast

Canadian Pacific watching signs of life in crude by rail shipments


Shutterstock photo

MONTREAL, Nov 14 (Reuters) - Canadian Pacific Railway Ltd is watching shipments of crude by rail which are now "coming alive a little bit," the company's chief marketing officer told a Toronto transportation conference on Tuesday.

CP, Canada's second-largest railroad, reported a better-than-expected profit for the third quarter in October on higher shipments of crude oil, coal and potash.

In 2015 Canadian rail companies were forced to slash rates for shipping crude to revive an industry rocked by the rout in global oil prices.




This article appears in: Stocks , World Markets , Politics , Commodities


More from Reuters

Subscribe






See Reuters News









Research Brokers before you trade

Want to trade FX?