Canadian Pacific President and CEO Fred Green.

21 September 2011

Canadian Pacific Preparing for Shifting World Trade Patterns President and CEO Fred Green Tells Conference

Montreal Quebec - The President and Chief Executive Officer of Canadian Pacific says world trade patterns are migrating, but through investments and effective supply chain collaboration, the 130-year old company is preparing for more growth with its customers.
 
"Canadian Pacific is investing with our customers for service reliability and productivity to further drive future growth," said Green. "The export market is growing and we are well positioned to handle forecast demand while, at the same time, contributing to improvements in the overall supply chain by reducing dwell and maximizing throughput."
 
Speaking to the Canada Maritime Conference in Montreal, Green outlined CP's approach:
 
·  Increased resources with the hiring of 3,300 new employees and the addition of 91 locomotives in 2011 and 2012;
 
·  Enhanced customer service and real-time shipping information;
 
·  In 2011, spending over $1 billion in capital investment, with strong spending for the next several years, which includes new sidings and extensions;
 
·  Longer trains with distributed power for safer and more efficient operations;
 
·  Transportation contracts with commercial service agreements signed with supply chain partners;
 
·  Investing in predictive technology resulting in improved service times across its network.
 
"CP's commitment is to provide the products and services that will enable our customers to grow their businesses at home and globally," added Green.