Canadian Pacific’s Carload Traffic Growth Was Highest among Peers
Canadian Pacific Railway (CP) reported 1.5% YoY total traffic volume growth in week 48. The company moved 56,391 railcars compared to 55,577 units in week 48 of 2017. Canadian Pacific’s YoY rail traffic gains were 3.9% in the first 48 weeks of 2018. The company’s traffic growth was higher than US railroads’ (PWB) 3.6% gains and Canadian rail carriers’ 3.8% gains during the same period.