Canadian Pacific
CP Plans to Invest $950M on 2011 Capital Projects
CALGARY — Canadian Pacific Railway unveiled plans to invest between $950 million and $1.05 billion for capital projects in 2011. “CP is focused on continuously improving service reliability, asset velocity, and productivity. With strong demand projected in many of our commodity based businesses, this capital plan will enable us to meet our customer’s needs and continue to lower our operating ratio to create a stronger franchise for the future,” said CP Chief Financial Officer, Kathryn McQuade. The 2011 Capital Plan will focus on: – Making strategic and targeted capacity investments to ensure that the efficiencies gained through our long train strategy, repair
