refreshes-locomotive-fleet-to-drive-service-reliability

Railroadforums.com is a free online Railroad Discussion Forum and Railroad Photo Gallery for railroaders, railfans, model railroaders and anyone else who is interested in railroads. We cover a wide variety of topics, including freight trains, passenger and commuter railroads, rail news and information, tourist railroads, railway museums and railroad history.

RSS Feed

Automated RSS Reader
<div><b>Contact:</b> Danelle Wettstein</div>
<div><b>Page Content:</b> <p><span>Canadian Pacific (CP:TSX)(NYSE:CP)<span>* </span>today announced that 61 new high horse power GE Evolution (EVO) Series AC<span>*</span>locomotives have been brought into service<span>*</span>and that the railway has initiated a program to modernize its low and medium horsepower yard locomotives.</span></p>
<p><span></span><span>The new EVO locomotives, which are currently in transcontinental service on<span>* </span>priority series trains, will increase capacity, enhance service reliability, further the company’s long train strategy, reduce emissions, and contribute to the company’s 1–2% annual fuel efficiency improvement target.<span>* </span></span></p>
<p><span><span></span></span><span>CP also expects delivery of an additional 30 EVO locomotives in the first quarter of 2012.</span></p>
<p><span></span><span>Through Progress Rail Services’ Electro-Motive Diesel (EMD) subsidiary, CP will also begin to modernize a portion of its low and medium horsepower locomotive fleet. The remanufacture of these locomotives, which will begin in 2012 and take place over the next several years, supports yard fluidity and yard dwell reduction goals, and reduces fuel consumption and ongoing maintenance costs.</span></p>
<p><span></span><span>Refreshing its locomotive fleet to reduce costs, capture efficiencies, and create capacity for growth is a key element in CP’s plan to position the franchise to achieve an annual operating ratio in the low 70s in the next three to four years.</span><span>*</span></p>
<p><b><span>Note on forward-looking information<br></span></b><span>This news release contains certain forward-looking statements relating but not limited to our operations, anticipated financial performance and business prospects.<span>* </span>Undue reliance should not be placed on forward-looking information as actual results may differ materially. </span></p>
<p><span></span><span>By its nature, CP’s forward-looking information involves numerous assumptions, inherent risks and uncertainties, including but not limited to the following factors: changes in business strategies; general North American and global economic, credit and business conditions; risks in agricultural production such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures; industry capacity; shifts in market demand; inflation; changes in laws and regulations, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; uncertainties of investigations, proceedings or other types of claims and litigation; labour disputes; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; currency and interest rate fluctuations; effects of changes in market conditions and discount rates on the financial position of pension plans and investments, including long-term floating rate notes; and various events that could disrupt operations, including severe weather, droughts, floods, avalanches and earthquakes as well as security threats and governmental response to them, and technological changes.<span>* </span>Other risks are detailed from time to time in reports filed by CP with securities regulators in Canada and the United States.<span>* </span>Reference should be made to “Management’s Discussion and Analysis” in CP’s annual and interim reports, Annual Information Form and Form 40-F.</span></p>
<p><span></span><span>Except as required by law, CP undertakes no obligation to update publicly or otherwise revise any forward-looking information, whether as a result of new information, future events or otherwise.</span></p>
<p><span></span><b><span>About Canadian Pacific<br></span></b><span>Canadian Pacific (TSX:CP)(NYSE:CP) operates a North American transcontinental railway providing freight transportation services, logistics solutions and supply chain expertise. Incorporating best-in-class technology and environmental practices, CP is re-defining itself as a modern 21st century transportation company built on safety, service reliability and operational efficiency. Visit cpr.ca and see how Canadian Pacific is Driving the Digital Railway.</span></p>
<p><span></span><b><span>Contacts:</span></b><span></span></p>
<p><span>Media<span>************** </span><span>******************************************************* </span>Investment Community<span>********************</span><span>*******<br></span></span><span>Ed Greenberg<span>************************************************************</span>Janet Weiss<br></span><span>Tel: 612-849-4717<span>**************************************************</span>Tel: 403-319-3591<br></span><span>24/7 Media Pager:<span>* </span>855-242-3674<br></span><span><a href="mailto:Ed_greenberg@cpr.ca">Ed_greenberg@cpr.ca</a>*<span>**********************************************</span><a href="mailto:investor@cpr.ca">investor@cpr.ca</a></span></p></div>
<div><b>News Release Date:</b> 12/6/2011 12:00 AM</div>
<div><b>Location:</b> Calgary, Alberta</div>
<div><b>News Type:</b> Investors</div>
<div><b>Is Featured:</b> No</div>


More...
 




RailroadForums.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com

RailroadBookstore.com - An online railroad bookstore featuring a curated selection of new and used railroad books. Railroad pictorials, railroad history, steam locomotives, passenger trains, modern railroading. Hundreds of titles available, most at discount prices! We also have a video and children's book section.

ModelRailroadBookstore.com - An online model railroad bookstore featuring a curated selection of new and used books. Layout design, track plans, scenery and structure building, wiring, DCC, Tinplate, Toy Trains, Price Guides and more.

Affiliate Disclosure: We may receive a commision from some of the links and ads shown on this website (Learn More Here)

Top