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Oil shipments by rail loom large in Canadian Pacific's future

from The Wall Street Journal

About a third of Canadian Pacific Railway Ltd. expected revenue gains through 2018 will be driven by crude oil shipments aided by improvements at oil-loading terminals and track in western Canada, the company's chief operating officer said. Recently, CP unveiled a series of aggressive financial targets including a doubling of earnings per share by 2018 from this year, and revenue of 10 billion Canadian dollars, from a projected $6.6 billion this year. more


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