Financial performance
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CP Rail not giving up on bid for KCS
Canadian Pacific Railway Ltd. says it stands “ready to re-engage” with KCS if CN’s $33.6-billion takeover bid is rejected
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Air Canada sees record cargo revenue, overall losses
Air Canada saw cargo revenues increase 33 percent to a record $358 million in the second quarter of 2021. However, the airline also lost $1.17 billion or $3.31 per diluted share, compared with a loss of $1.75 billion or $6.44…
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Union Pacific Q2 profit jumps 59 percent
Railroad hauled 22 percent more cargo than a year ago
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U.S. economic activity surpasses China
Tradeshift’s latest Index of Global Trade Health shows activity levels across U.S. supply chains rose by 2.4 percent quarter on quarter to overtake China compared to pre-pandemic levels
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CN reports strong earnings growth as rail traffic recovers
Canadian National Railway Co. nearly doubled earnings and revenues in its second quarter
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Commonwealth chalks up Covid trade losses
Commonwealth countries are estimated to have lost up to US$345 billion worth of trade in 2020.
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Amazon found destroying unsold stock – would better accounting practices help?
A recent undercover investigation in an Amazon warehouse reported the disposal of more than 130,000 “new or lightly used” objects in a single week
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FedEx posts profit as online shopping booms
Nearly US$2 billion profit in its most recent quarter after reporting a loss the year before
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BRP raises full year guidance despite supply chain issues
Reported a profit of $244.4 million in its latest quarter compared with a loss a year ago
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Canada Post reports Q1 loss
Canada Post recorded a loss before tax of $77 million in the first quarter of 2021, as higher operating costs and revenue declines in transaction mail and direct marketing together exceeded growth in parcels revenue