Now let me move to the Q2 highlights and expectations for the second half of 2012. So starting with Slide 7, CP delivered 8% revenue growth on the quarter. Price and mix accounted for 5% of the revenue gain, fuel surcharge was 1% and the FX impact was the remaining 2%. Revenue ton miles were up 1%, and carloads were flat due to the strike volume impacts. And Kathryn will talk to this in a few minutes.For the second quarter of 2012, CP, again, delivered on our price renewal target of 3% to 4%, and we continue to target inflation plus pricing for the rest of 2012. For the remainder of my comments, I'll speak to currency adjusted revenues.
Canadian Pacific Railway Limited Management Discusses Q2 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.