Says Collaborative Partnerships and Joint Investment can Enhance
VANCOUVER, Jan. 27, 2012 /CNW/ - Fred Green, President and Chief
Executive Officer of Canadian Pacific (TSX:CP) (NYSE: CP), today
addressed a meeting of the Vancouver Board of Trade to discuss
enhancing Canadian productivity and competitiveness.
Addressing findings of various studies, including from the Conference
Board of Canada, indicating Canadian businesses are not as productive
as U.S equivalents, Green highlighted current initiatives, such as the
Pacific Gateway Strategy, to demonstrate that relationships built on
trust, long-term collaboration, and joint investment lead directly to
increased Canadian competitiveness in the global marketplace.
"Canada has the natural resources, the production capacity, and the
business bench strength to drive this country's productivity and
improve the nation's global competiveness. There is hard work to be
done, but through a better understanding of the business, growth and
investment objectives of each link in the supply chain, from producer
to consumer, we can unlock efficiencies and strengthen Canada's leading
position in the global marketplace," said Green.
"The rail industry has a role in enabling Canada's producers to be more
competitive globally. Over the past 20 years, Canadian rail labour
productivity growth has outpaced the Canadian economy by a factor of
nearly 8 to 1."
"CP's job is to develop mutually beneficial relationships with our
customers in industries including coal, potash, energy consumer goods,
and grain to ensure we realize common long-term growth objectives. Our
company's multi-year plan and joint capital investment with our
partners, together with our scheduled railway, are ensuring we manage
increasing volumes with efficiency and reliable service."
About Canadian Pacific
Canadian Pacific (TSX:CP)(NYSE: CP) operates a North American
transcontinental railway 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. Visit cpr.ca and see how Canadian Pacific is Driving the Digital Railway.
SOURCE Canadian Pacific
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