CP enters export coal business through Powder River Basin

12/10/2012 | SNL Financial (free content)

Canadian Pacific is grabbing a share of the growing export coal business due to increasing shipments from the Powder River Basin in the U.S. to Canadian rail terminals, said CP President and CEO Hunter Harrison. "Although I wouldn't have believed this 10 years ago, we are participating in the Powder River Basin coal move today over our line that eventually goes to Prince Rupert," Harrison said. "Is that an aberration? I don't know. But I think there's going to be more export out of Powder River Basin than a lot of us ever dreamed."

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