CP appoints Demosky as Exec VP, CFO
Canadian Pacific has announced that Bart Demosky has been appointed Executive Vice-President and Chief Financial Officer, effective Dec. 28, 2013.
E Hunter Harrison
2013 Freight Rail Outlook: The challenge of change
Resilience and resourcefulness are two terms that have become closely associated with North American railroads in recent years. The industry has emerged from the worst economic recession since the Great Depression in relatively solid shape, and enters 2013 positioned for growth.
Commentary
Takeaways from CP’s Investor Conference
Canadian Pacific held its annual Investor Conference Dec. 4-5 in New York City; its first since Hunter Harrison took over as President and CEO and began dramatically reshaping the railroad. I caught Harrison’s Tuesday evening opener via webcast and was impressed with what I heard, teeing up, as it did, the Wednesday main event, which CP Vice President Investor Relations Janet Weiss invited me to attend.
CP’s Harrison: A “mid-60s” operating ratio by 2016
At an investor conference in New York on Tuesday, Dec. 4, Canadian Pacific’s recently installed President and CEO E. Hunter Harrison outlined his plan for taking the railroad out of last place among North American Class I’s in terms of operating ratio, productivity, cost structure, business growth, and other performance measurements.