# Labour strife weighed on railway's performance, CP says - Financial Post

> 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.

- Date: 2018-07-18 · published 2018-07-18T12:00:00.000Z
- Category: logistics · region Canada · magnitude low
- Page: https://feedsoft.ai/events/64056-labour-strife-weighed-on-railway-s-performance-cp-says-financial-post
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-11-02 | [Railways and Shippers at Odds Over Performance](https://feedsoft.ai/events/73856-railways-and-shippers-at-odds-over-performance.md) | +0.5% | -3.8% |
| WHEAT | 2022-04-28 | [CP Rail revenue sags due to bad winter, lower grain shipments and labour dispute - Financial Post](https://feedsoft.ai/events/41859-cp-rail-revenue-sags-due-to-bad-winter-lower-grain-shipments-and-labour-dispute.md) | -1.3% | +0.9% |
| WHEAT | 2019-07-15 | [Romanian union says strike averted at ADM Constanta grain silos \| Financial Post](https://feedsoft.ai/events/58106-romanian-union-says-strike-averted-at-adm-constanta-grain-silos-financial-post.md) | -0.5% | -3.1% |
| WHEAT | 2019-11-18 | [First CN Rail strike in decade piles more woes on battered Western farmers - Financial Post](https://feedsoft.ai/events/56083-first-cn-rail-strike-in-decade-piles-more-woes-on-battered-western-farmers.md) | +3.8% | +3.1% |
| WHEAT | 2020-02-12 | ['Perfect storm': Anti-pipeline blockades deepen challenges for farmers after winter of rail headaches - Financial Post](https://feedsoft.ai/events/54611-perfect-storm-anti-pipeline-blockades-deepen-challenges-for-farmers-after.md) | +5.5% | +10.1% |

## Sources

- financialpost.com: https://financialpost.com/transportation/labour-strife-weighed-on-railways-performance-cp-says/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.