December 20, 2014

CP sees profit doubling with longer trains

cp-logo-240

Canadian Pacific Railway Ltd. (CP) plans to more than double profit in four years as Chief Executive Officer Hunter Harrison seeks to improve efficiency by running longer, faster trains at Canada’s second-largest railroad. Revenue will probably climb to C$10 billion ($9 billion) in 2018 from last year’s C$6.1 billion, the Calgary-based railroad said yesterday in [...]

CN’s Creel becomes CP president, COO

Canadian Pacific announced the appointment of Keith Creel as president and chief operating officer, effective Feb. 5. E. Hunter Harrison will remain CP’s chief executive officer. Read the complete story from The Globe and Mail.