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Canadian Pacific reported second-quarter net profit of $436 million, down from $480 million a year earlier, and CEO Keith Creel attributed part of the decline to the labour disruption. Creel said the company expects the resolved labour agreements to become a tailwind.
The earnings hit shows the cost of the May strike to rail service, but with agreements now in place, the effect on grain movement and freight rates should fade.
financialpost.comAlicja SiekierskaJul 18, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 823 past logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
