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Canadian Pacific Railway expects profits to double in four years
CANADIAN Pacific CEO Hunter Harrison has unveiled CP's new growth objectives to 2018 and its multi-year strategy to double profits in four years.
"Our transformation over the last two years has been nothing short of remarkable, but the journey is far from over," Mr Harrison told an investor conference in White Plains, New York.
"We've dramatically improved the operating performance of the company; our operating ratio is approaching the industry's best and we've generated significant value for shareholders," he said.
Mr Harrison said he would maintain a tight focus on cost containment, but saw expansion in investments in key corridors to leverage franchise strengths, including siding extensions and terminal enhancements, and premium service driven by velocity.
"Our transformation over the last two years has been nothing short of remarkable, but the journey is far from over," Mr Harrison told an investor conference in White Plains, New York.
"We've dramatically improved the operating performance of the company; our operating ratio is approaching the industry's best and we've generated significant value for shareholders," he said.
Mr Harrison said he would maintain a tight focus on cost containment, but saw expansion in investments in key corridors to leverage franchise strengths, including siding extensions and terminal enhancements, and premium service driven by velocity.
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