News / N America railroads see intermodal revenue fall, but CPKCP bucks the trend

© Helena Bilkova

Canadian Pacific Kansas City Southern (CPKCP) has bucked a trend by reporting healthy intermodal revenue, but with its North American peers, it saw rates decline last year.

For Q4 and full-year 2023, CPKCP recorded year-on-year intermodal revenue growth of 15%, at C$670m (US$500m)  for Q4 and 10% (at C$2.4bn) for the year, but this masked waning revenue per carload, down 24% in the quarter and 19% for the year.

This prompted chief marketing officer John Brooks ...