Canadian Pacific Railway Ltd. (CP) will consider buying regional railroads to improve efficiency because it doesn’t have the financial muscle now to acquire major carriers, Chief Executive Officer Hunter Harrison said.
“We certainly will become -- along the short-line, regional front -- more aggressive than we have been in the past,” Harrison said today at a Wolfe Trahan conference in New York. “There are a lot of those short lines today I’d like to control that I don’t. It’s not in our interest right now to focus on anything else.”
Smart move for now.
Bru, I noticed you've picked up a little "shmutz" (aka buzz-poop) under your post....just scrape it off on the grass and get back to the party.
Take a number. Every railway in NA thought of this long ago, and no one has done anything about it yet. It will no doubt happen...someday.
Yes I listened to the calls and HH DID speak of the winter being harsh but congratulated himself that CP did so well regardless. My point was, this past winter was not harsh and CP did not get hit with the outages it has in the past due to avalanche and major derailments. Luck is also on his side along with vast experience an other traits, it seems.
First off, it was Mongeau who was making excuses about CN's hard time with this winter's weather...not Harrison at all. Not one peep from him,,,but you didn't listen to the conf. calls, did you? No. And while he was at CN, Harrison is credited with the quip "railroading is an outdoor sport" as an entire response to analysts' questions about weather.
Second, HH has been dealing with western Canadian weather since 1998. How long does he need to punch the clock for your blessing and satisfaction, Sensei?
1) HH says it was a bad one. He has not seen the bad ones. few derailments and no major avalanches. 2012/13 was historically a very good winter. The fact that he labeled it bad shows he will say whatever people want to hear.
1) Q1 = Winter, and a relatively bad one. So we're already closing in on the 'simply impossible' 70 right now.
2) Q1 comp improvement of 430 bps was against Cleghorn & Green's best, desperate efforts to keep their "jobs" (...urrrppp) and deliver the best numbers possible, quite plausibly being unsustiainable, short-term focused and with whatever accounting massaging could be done.