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31 July 2008

CP:  Rumors of the Death of our Steam Program are Greatly Exaggerated

Calgary Alberta - An Internet rumor circulated today stating Canadian Pacific Railway is canceling its steam program and Royal Canadian Pacific cruise train. Trouble is, it's completely untrue, said CP spokesman Mike LoVecchio.
 
The rumor "drives me nuts," he told Trains News Wire.
 
CP recently reported disappointing earnings for this year's second quarter. The earnings were down 40 percent from last year. The Web site cordovaStation.ca reported that, due to CP's "poor performance," it was canceling the steam program and the cruise train. The Web site has since posted a correction.
 
"There's no doubt we're being watched right now," LoVecchio said. "We had a disappointing quarter. We are on an efficiency drive right now. But we are not going to sacrifice our community relations on the altar of efficiency."
 
CP keeps a high profile in the communities it serves. Its steam program, represented by 4-6-4 "Hudson" No. 2816, frequently tours the system and opens itself up to the public. And each winter, CP's "Santa Train" traverses the network and brings out crowds to generate donations to local food banks.
 
"We are known. Ask any community we serve," said LoVecchio. "That has tremendous value to us. It's an intangible, but it shows our commitment to work with communities."
 
 
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