At an event today to unveil their 2007 fourth quarter results, Canadian rail freight operator Canadian Pacific looked past some significant setbacks in 2007 to unveil a positive outlook for 2008.

Significant weather events from the west to east coast of Canada hampered Canadian Pacific’s 2007 operations with mud slides, flooding and other averse weather, disrupting Canadian Pacific service as rail infrastructure was either damaged or destroyed.

Hardest hit was the operators infrastructure in British Columbia with mudslides closing not only Canadian Pacific’s Trans-Canada railway, but also the Trans-Canada Highway.

Despite the weather setbacks, fuel and foreign exchange exposure issues as well as labour disputes, Canadian Pacific still sees 2008 as a year of opportunity, a time to continue to recover from 2007 setbacks and to capitalise on new and existing markets.  Indeed the company reports that 2008 has already reported improvements in train speed, car miles per day and total cars on-line.

Forward looking statements from the company further indicate positivity with a target freight revenue growth between four and six percent.

Source: Canadian Pacific and the CNW Group

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