October 4, 2018 / 7:03 PM / 15 days ago

Canadian Pacific sees shipment prices to rise 3 to 4 percent

(Reuters) - Canadian Pacific Railway Ltd (CP.TO) said on Thursday it expects shipment prices to rise 3 to 4 percent in the next eighteen to twenty four months.

FILE PHOTO: The Canadian Pacific railyard is pictured in Port Coquitlam, British Columbia February 15, 2015. REUTERS/Ben Nelms

“ As I look at it for next 18-24 months purely from a demand perspective, it (pricing) looks strong,” Chief Marketing Officer, John Brooks said on a conference call.

Reporting by Laharee Chatterjee in Bengaluru

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