OREANDA-NEWS. Canadian Pacific Railway Limited today announced the lowest first-quarter operating ratio in the company's history and the highest-ever net income for the period.

Revenues climbed 10 percent to a first-quarter record of CAD 1.67 billion. Net income rose to an all-time quarterly high of \\$320 million, or CAD 1.92 per diluted share, an improvement of 33 percent. Adjusted earnings per share improved 59 percent to CAD 2.26.

"CP's success in the first quarter of the year is the result of hard work by its people and a business model that responds nimbly to any shift in economic conditions," said E. Hunter Harrison, CP's Chief Executive Officer. "CP's relentless focus on rail safety and cost control has created a solid foundation for growth, innovation and creative collaboration with customers."