Ariana Lindquist/Bloomberg News
Canadian freight railroad Canadian Pacific’s fourth-quarter net income rose to C$82 million, or 47 Canadian cents per share, from C$15 million, or 8 cents, a year earlier.
Revenue rose to C$1.6 billion for the quarter that ended Dec. 31, from $1.5 billion, the rail line announced in a statement.
Intermodal revenue declined 1% to C$335 million, CP said.
“We entered 2013 with an aggressive agenda of change and financial targets that would put us squarely in the path of achieving our goal of once again becoming an industry leader. I am proud to report that we exceeded those targets and have re-established a sense of pride and accomplishment to this historic organization,” CEO E. Hunter Harrison said in a statement.