PRTODAY / NewswireToday Free press release distribution service network

More news: Transportation
Written by / Agency / Source: Canadian Pacific Railway

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Canadian Pacific - Outlook for First Quarter 2011 - Canadian Pacific (TSX: CP) (NYSE: CP) today announced first quarter earnings will be lower due to the impact of winter weather across the entire rail supply chain
Canadian Pacific - Outlook for First Quarter 2011

 

NewswireToday - /newswire/ - Calgary, Alberta, Canada, 2011/03/21 - Canadian Pacific (TSX: CP) (NYSE: CP) today announced first quarter earnings will be lower due to the impact of winter weather across the entire rail supply chain. TSX, NYSE: CP

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Transportation Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The severity and length of winter events on our operations combined with the lag in fuel recoveries have reduced diluted earnings per share (EPS) by approximately 40 cents versus last year. CP expects diluted EPS for first quarter 2011 to be within the range of 12 to 22 cents.

"Since the new year, multiple severe weather events have caused significant disruptions to train operations across our network. Slower train speeds have reduced productivity and asset velocity thereby constraining network capacity and limiting our ability to meet market demands," said Fred Green, President and Chief Executive Officer. "The impact of avalanche disruptions are just one factor that increased fivefold this year in our busiest corridor through the mountains causing very inefficient stop-start operations."

"We have been increasing resources to meet strong demand and improve service reliability," Mr. Green added. "With moderating weather CP is seeing fluidity return to the network and our operating metrics are showing improvement. Our two- to four-year target of delivering a low 70s operating ratio remains unchanged."

Note on forward-looking information
This news release contains certain forward-looking statements relating but not limited to our operations, anticipated financial performance and business prospects. Undue reliance should not be placed on forward-looking information as actual results may differ materially.

By its nature, CP's forward-looking information involves numerous assumptions, inherent risks and uncertainties, including but not limited to the following factors: changes in business strategies; general North American and global economic, credit and business conditions; the availability and price of energy commodities; the effects of competition and pricing pressures; industry capacity; shifts in market demand; changes in laws and regulations, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; uncertainties of litigation; labour disputes; risks and liabilities arising from derailments; transportation of dangerous goods, timing of completion of capital and maintenance projects; currency and interest rate fluctuations; and various events that could disrupt operations, including severe weather conditions, security threats and governmental response to them, and technological changes.

Reference should be made to "Management's Discussion and Analysis" in CP's annual and interim reports, Annual Information Form and Form 40-F filed with Canadian and U.S. securities regulators, available on CP's website, for a summary of major risks.

Except as required by law, CP undertakes no obligation to update publicly or otherwise revise any forward-looking information, whether as a result of new information, future events or otherwise.

About Canadian Pacific
Canadian Pacific (cpr.ca) operates a North American transcontinental railroad providing freight transportation services, logistics solutions and supply chain expertise. Incorporating best-in-class technology and environmental practices, CP is re-defining itself as a modern 21st century transportation company built on safety, service reliability and operational efficiency.

Contacts Investor: Janet Weiss - T: 403-319-3591 / E: investor[.]cpr.ca.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Transportation Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Canadian Pacific Railway

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Transportation articles,
CATCH Visitors via Your Competitors Announcements!


Canadian Pacific - Outlook for First Quarter 2011

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Canadian Pacific |
Publisher Contact: Mark Seland - CPR.ca 
403-319-3566 mark_seland[.]cpr.ca
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Canadian Pacific Railway securities in any jurisdiction including any other companies listed or named in this release.

Transportation via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Canadian Pacific Railway / Company Profile


Read Transportation Most Recent Related Newswires:

Edmonton Awards New Flyer A Contract for 110 Clean Diesel Buses
CP Launches Direct Rail Transportation Service from Vancouver to Detroit
MAN to Present A New Low-floor Bus At World Expo in Astana, Kazakhstan
New Flyer to Offer Engine Stop-Start with Allison Electric Hybrid Propulsion System in 2018
Alstom Delivers World’s First Citadis X05 Light Rail Vehicle to Sydney, Australia
Alstom Modernizes 26 Coradia Lint Regional Trains for LNVG
Alstom’s Citadis Tram Enters Commercial Service in the City of Sidi Bel Abbes, Algeria
Alstom Started Overhaul of PKP Intercity's Pendolino Trains
Alstom has Delivered 13 Regional Trains to Nordjyske Jernbaner in Denmark
Alstom Completes the 20 First Trains for PRASA Manufactured in Brazil
GE to Provide A Suite of Marine Technologies to One of the World’s Most-Advanced Deep-Water Diving Support Vessels
Alstom’s Citadis Dualis Tram-train Enters Commercial Service on the Epinay-sur-Seine - Le Bourget Line (Tram 11 Express)
Alstom Supplies its Euroduplex Océane Trains for the New Paris-Bordeaux High Speed Line
High Speed Vessels Market to Incur Rapid Extension During 2016-2024 Reports PMR
Alstom’s JV EKZ Obtains the First IRIS Certification in Kazakhstan

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)