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 a statement. Harrison discussed the forecast as he addressed analysts and investors in White Plains, New York, at the start of a two-day briefing.
Read the complete story at Bloomberg Businessweek.
Related News
- RME members: Make your voices heard ahead of national negotiations!
- Tom Wiant moves from International rep. to assistant to the general president
- SMART TD, TTD Set For Victory Over Carriers On Train Length Data Collection
- BE4ALL Canadian Labour Spotlight: Helen Jury Armstrong
- SMART-TD, RME members secure paid sick leave for rail workers at Union Pacific
- SMART-TD Leaders take to the UAW picket line at a Jeep plant in Toledo, OH.
- SMART statement on Inflation Reduction Act anniversary
- Minnesota SMART members win legislative victories across sheet metal and transportation
- SMART remembers and honors all who have made the ultimate sacrifice
- SMART Women’s Committee welcomes new members