Boston, MA 05\/21\/2014 (wallstreetpr) \u2013 The management team of railroad operator Canadian Pacific Railway Limited (USA) (NYSE:CP)<\/b> has revealed its plans for the short-term future. The team led by CEO Hunter Harrison intends to make the company efficient within the next six months and double the revenue over the next two to three years.<\/p>\n
Since installing a new CEO, CP has already witnessed a number of remarkable developments in its operations. However, according to CEO Harrison that is just the tip of the iceberg because many good things are in store for investors and of course, the customers in the short-term future.<\/p>\n
Doubling Revenue<\/b><\/p>\n
Canadian Pacific Railway Limited (USA) (NYSE:CP) seeks to double revenue as it adds new customers to its side. The company looks to the surge in the transportation of crude-by-rail as a business with potential to significantly boost its revenue. The company said the high production levels and the favorable prices of crude have the potential of supporting robust commodity movement for the long haul.<\/p>\n
However, the company acknowledges the challenges that come with crude-by-rail transportation. There have been increases in regulatory scrutiny of the rail transportation especially with regard to crude shipping because of the widespread derailment and risks<\/p>\n
Efficiency<\/b><\/p>\n
If recent developments in the company are anything to go by, CP is not only seeing its overhaul unfolding fast but also paying off already. The company has cut thousands of jobs, reduced fleet size and monetized some assets. Because of these developments, Canadian Pacific Railway Limited (USA) (NYSE:CP) can still make money in new businesses under negotiated lower rates. That means that the company can turn tables on its competitors by attracting more customers to its side with favorable transportation charges while still being able to make a profit.<\/p>\n
Although 1Q2014 was bruising for the company, CEO Harrison promised that 2Q and 3Q will mark a significant performance turning point in the company.<\/p>\n
In the less than two years that Mr. Harrison has been at the helm, shares of Canadian Pacific Railway Limited (USA) (NYSE:CP) have soared more than 135 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 05\/21\/2014 (wallstreetpr) \u2013 The management team of railroad operator Canadian Pacific Railway Limited (USA) (NYSE:CP) has revealed its plans for the short-term future. […]<\/p>\n","protected":false},"author":3,"featured_media":22950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[6766,6765,6767],"stock_ticker":[],"class_list":["post-22948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-canadian-pacific-railway-limited-usa","tag-canadian-pacific-railway-limited-usa-nysecp","tag-nysecp","entry"],"acf":[],"yoast_head":"\n