BRIEF-CP Railway sees growth in crude-by-rail volumes

Wed Apr 24, 2013 11:25am EDT
 
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TORONTO, April 24 (Reuters) - Canadian Pacific Railway Ltd : * Sees Q2 intermodal reduction in contract volumes, change in service offering

- earnings presentation * Sees Q2 grain double-digit volume increase year-over-year - conference call * Has "clear line of sight" to two to three times growth in 70,000

crude-by-rail annualized run rate * Believes it can reach two times crude-by-rail target run rate 12 months ahead

of initial 2016 prediction