Latin America Trade
View Issue #586 Now!
CP Rail to increase 2013 capital spending by up to C$100 million
Canadian Pacific Railway Ltd said it will invest an additional C$75 million to C$100 million to bring total capital spending this year to C$1.2 billion, moving forward some of its 2014 spending projects to this year.
CP Rail said the capital spending, which will be funded by higher than expected 2013 cash-flow projection, will focus primarily on track upgrades, upgrades to signal systems to meet shipping growth needs and acquiring certain core assets that would normally be leased.
Canada’s No. 2 rail carrier said last month the company was on pace for its best year-end financial and operating performance and was conducting an intense review of every part of operations. (Reuters)
American Journal of Transportation
116 Court Street, Suite 5
Plymouth, MA 02360
© Copyright 1999–2014 American Journal of Transportation.All Rights Reserved.