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October 30, 2007 10:15 AM, EDT

Canadian Pacific Reports Higher Earnings

Canadian Pacific Railway said it earned C$218.6 million or C$1.41 a share, up from $163.8 million or C$1.04 a year earlier.

Freight revenue rose to C$1.15 billion from C$1.12 billion for the quarter, CP said late Monday. Intermodal revenue rose 7%.

“We moved record volumes in the quarter and with the recent acquisition of Dakota Minnesota & Eastern Railroad Corporation, the largest regional railroad in the U.S., we are well-positioned to continue our growth,” said Chief Executive Officer Fred Green.