Canadian Pacific Kansas City (CPKC) saw profits and revenue growth in Q2, with increased intermodal, grain, and coal shipments. Despite ongoing trade tensions, CPKC remains optimistic about its unique cross-border network. Quarterly operating income rose 6%, revenue grew 3%, and earnings per share surged 37%.

CPKC’s operating ratio improved to 63.7%, with overall volume up 6% based on carloads and containers. Notable growth included a 14% increase in intermodal shipments, 11% in grain, and 9% in coal volume. However, energy, chemicals, and plastics traffic remained flat, with other segments showing declines.

Terminal dwell increased 7% due to congestion in former Kansas City Southern territory. Despite tech problems causing delays, CPKC has made progress in clearing congestion. Average train speed remained flat, but dwell improved. Subscribe to FreightWaves for the latest rail freight insights.

Read more at Yahoo Finance.: CPKC sees profits and revenue jump on stronger volumes