22 September 2011

CP Plans to Add 91 Locomotives in 2012

Montreal Quebec - Canadian Pacific Railway said it plans to spend more than $1 billion in capital investment this year and will add 91 locomotives to its fleet by next year.
 
"The export market is growing and we are well-positioned to handle forecast demand while contributing to improvements in the overall supply chain by reducing dwell and maximizing throughput," said chief executive Fred Green at the Canada Maritime Conference in Montreal.
 
CP had reported a better than expected second-quarter profit in July.