{
  "id": 16955312,
  "title": "CPKC sees flat profits amid higher fuel costs while revenues jump",
  "url": "https://urgent.news/2026/10/28/cpkc-sees-flat-profits-amid-higher-fuel-costs-while-revenues-jump",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T20:37:32.000Z",
  "source": {
    "name": "Winnipeg Free Press",
    "slug": "winnipeg-free-press",
    "url": "https://www.winnipegfreepress.com/business/2026/10/28/cpkc-sees-flat-profits-amid-higher-fuel-costs-while-revenues-jump"
  },
  "original_language": "en",
  "account": "Canadian Pacific Kansas City Ltd. reported flat profits in its latest quarter, despite a significant increase in revenue. The Calgary-based railway company disclosed that its net income stood at $916 million for the quarter ending September 30, the same as the previous year's quarter. However, the company's revenues saw a 15% year-over-year rise, reaching $4.22 billion. This growth was primarily driven by a sharp surge in grain and shipping container volumes. The company's diluted earnings per share also increased to $1.04 from $1.01 the previous year. Yet, the company's bottom line was impacted by a sharp rise in fuel costs. These costs surged by 61% year-over-year to $667 million, marking it as the highest expense other than labor. The price of diesel had skyrocketed, contributing to the increased fuel costs. CPKC's CEO, Keith Creel, in a statement, said that the railway is still in the initial stages of its journey and highlighted potential long-term opportunities.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Calgary Herald",
        "title": "Even with bumper crop, fuel price surge squeezes profits at CPKC railway",
        "url": "https://urgent.news/2026/10/28/even-with-bumper-crop-fuel-price-surge-squeezes-profits-at-cpkc",
        "published": "2026-10-28T22:42:49.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}