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Double-digit revenue, earnings and income gains, and a healthier operating ratio highlighted Canadian Pacific’s third-quarter financial performance.

Adjusted diluted earnings per share jumped 27 percent to $1.17, adjusted operating income soared 28 percent to $327.7 million, total revenue increased 15 percent to $1.26 billion, carloads rose 14 percent to 685,700 units and CP’s operating ratio improved 2.7 points to 73.7 compared with third-quarter 2009 figures.

Intermodal revenue rose 18 percent to $349.5 million, grain revenue increased 7 percent to $291.3 million, industrial/consumer products revenue soared 23 percent to $233.1 million, coal revenue dipped 1 percent to $114.8 million, sulphur/fertilizers revenue jumped 35 percent to $106.8 million, automotive revenue leaped 25 percent to $72.2 million and forest products revenue inched up 3 percent to $45.7 million.

“We are building a solid foundation based on safety, service reliability and operational efficiencies that continue to drive value to our employees, customers and shareholders,” said CP President and Chief Executive Officer Fred Green in a prepared statement.

However, operating expenses jumped 14 percent to $919.7 million primarily because fuel costs soared 24 percent to $161.1 million, compensation/benefit costs increased 13.3 percent to $354.1 million and purchased services/other costs rose 9.5 percent to $190.6 million.