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CP Books Higher Q4 Grain Revenue on Reduced Handle

Net income down for fourth quarter, full year

C Pgrain Train

Increased revenue from grain handling — albeit on a slightly lower overall grain handle — helped Canadian Pacific Railway improve its fourth-quarter and year-end gross for 2018, reports the Manitoba Co-operator.

Calgary-based CP on Jan. 23 reported overall net income of $545 million on $2.006 billion in revenues for its fourth quarter ending Dec. 31, down from $984 million on $1.713 billion in its year-earlier Q4.

Read more at the Manitoba Co-operator.

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