The new EVO locomotives, which are currently in transcontinental service on 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%-to-2% annual fuel efficiency improvement target. CP also said it expects delivery of an additional 30 EVO locomotives in the firstquarter of 2012.
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 beginin 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.
Refreshing its locomotive fleet to reduce costs, capture efficiencies, and create capacity for growth is a key element in CP's plan to position thefranchise to achieve an annual operating ratio in the low 70s in the next three to four years.