Canadian Pacific operates a transcontinental railway in Canada and the United States and provides logistics and supply chain expertise. The company’s network of railroads is nearly 14,000 miles long as it transports bulk commodities, merchandise freight and intermodal traffic. Headquartered in Calgary, Alberta, Canadian Pacific serves the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia as well as the United States Northeast and Midwest regions.
Canadian Pacific continually strives to become more efficient in its operations and to make sustainability a central component of its business strategy. The company has initiatives to operate longer trains and has removed over 400 older, less fuel-efficient locomotives from its fleet. In a recent year, Canadian Pacific set a company record for moving freight the most miles with the least fuel in its history. On average, the company can move one ton of freight 545 miles with just one gallon of fuel. Canadian Pacific has reduced its greenhouse gas emissions intensity more than 20% in the past decade and now equips its engines with anti-idling technology that allows locomotives to shut down when not in use. In a recent year, the company recycled more than 1 million used railway ties, selling a majority of them to facilities to be processed for the generation of electricity. Canadian Pacific has improved its emergency response practices and equipment to be better prepared to quickly deal with any potential rail-related environmental hazards.
Canadian Pacific faces lawsuits and criticism linked to derailments of its trains, including those transporting oil or other toxic chemicals.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.