The Globe and Mail reports in its Thursday, July 30, edition that Canadian Pacific Kansas City says profits dipped in its latest quarter even as revenues shot up on the back of a bumper grain crop. A Canadian Press dispatch to The Globe report that the Calgary-based railway says net income nudged down nearly 2 per cent to $1.02-billion in the three months ended June 30 compared with $1.23-billion in the same period a year earlier. Second quarter revenues rose 13 per cent year-over-year to $4.16-billion from $3.7-billion. CPKC says diluted earnings per share fell to $1.15 from $1.33 a share a year earlier. Revenues from grain -- the railway's largest segment -- rose by nearly a quarter from the year before while container revenues jumped 11 per cent. Chief executive officer Keith Creel says leveraging the company's status as the only freight railway to span all three countries in North America is paying off. In a separate release, the company announced the retirement of board chair Isabelle Courville, who took the helm in May, 2019, to become the first woman to chair a major North American freight railway, effective Wednesday.