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.
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.
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?