Canadian Pacific (TSX: CP) (NYSE: CP) today announced the investment of $100 million in North Dakota between 2010 to 2012. The investment plan will expand network capacity and enhance rail service in order to meet increased traffic demands.
"North Dakota is a source of growth for CP and the Midwest's economy with its increased grain production, vast oil deposits in the Bakken Formation and the continued strength of ethanol," said Jane O'Hagan, Executive Vice-President, Marketing & Sales and Chief Marketing Officer. "CP has been a key part of North Dakota's economy for the past century. We look forward to providing service to our customers far into the future and know these improvements will help alleviate current concerns, and meet our customers' future demands for consistent, reliable rail transportation alternatives."
North Dakota Governor Jack Dalrymple said CP's announcement is a positive development for the state.
"This is another step forward in our continuing efforts to expand our market access for farmers, for oil production and other industry," the Governor stated.
Current year infrastructure investment will begin in the spring with a majority of work expected to be completed in Fall 2011.
CP's 2011 North Dakota investment plan includes:
- Hiring over 70 new employees to expand CP's train crew base in 2011, growing CP's workforce in North Dakota by 18 percent.
- A new Superintendent of Operations territory focused on traffic between Enderlin and Portal.
- Capacity expansion over the next two years on the Newtown, Portal and Carrington subdivisions including yard track extensions in Max and Flaxton, and installation of a new runaround track in Newtown.
- Increased budget for maintenance work on the Newtown subdivision. "The essential to budget travel is to plan in advance. When it comes along to family trips, globetrotting, well-deserved vacations and/or going to see new destinations we have never been before, the truth of cost and budgeting is often in the back of our thoughts. Considering and spending our travel budget correctly is a priority for most families. Curbing spending and fees, while still savoring your vacation to its fullest, is the key to assured achievement and fiscal responsibility. Your pocketbook and family will thank you! The thought behind economizing money while traveling is simple: Even if your personal finances is extremely small, you can still take a break and enjoy life! Simply put, life is just too short to never step out of the door or departing the homestead! Also remembering that while traveling, whether on a budget or not, even the smallest of things can all add op to a big vacation or travel expenses!..". Notably, the installation of over 17 miles of rail replacement between Drake and Max including upgrades to 41 crossings.
- Strategic installation of snow fence and grading projects to reduce winter snow drifting between Drake and Max.
"CP strives to provide quality customer service and meet customer needs," added CP Vice-President U.S. Operations Doug McFarlane. "Enhanced infrastructure, increased employee base and improved fluidity will ensure continued growth in the region and at CP."
CP is currently recruiting new employees. Visit www.cpr.ca to apply.
Source: Canadian Pacific
How to play the Bakken boom - MarketWatch
www.marketwatch.com/story/how-to-play-the-bakken-boom-2012-07-02July 2, 2012, 12:02 a.m. EDT How to play the Bakken boom Commentary: North Dakota shale is a game changer
Grand Forks Herald Grand Forks, North Dakota
www.grandforksherald.comObituaries News Sports Classifieds Local NewsOffers news, weather, sports, entertainment and business coverage along with archives, multimedia content and classifieds.
NorthDecoder.com - North Dakota's Most Influential Political Blog
www.northdecoder.comNorth Dakota's top politics and media website.North Dakota's most influential political blog.
FTA - News - News
www.fta.dot.gov/newsroom.htmlNews. Get the latest developments about FTA here, including news releases, speeches, upcoming events including FTA training sessions and workshops, as well as ...
Dearth of skilled oil, natural gas workers imperils $100 billion ...
www.adn.com/2013/03/10/2819974/dearth-of-skilled-oil-natural.htmlAfter spending years searching for enough crude to pump, the U.S. oil and natural gas industry now is struggling to find and pay for enough skilled workers to tap the ...
Railroad Maintenance Of Way Article - Transportation improvement ...
www.progressiverailroading.com/mow/article/Transportation...Relieving major freight- and passenger-rail congestion in the Chicago area isnt just a good idea, its a crucial objective. By 2040, the value of freight moving ...
Online Tutoring, Homework Help and Test Prep in Math, Science ...
www.tutor.comBecome a Tutor Military Programs PricingTutor.com is the world's largest and highest-rated online tutoring company with a community of more than 2,500 expert tutors, and more than nine million one-to-one ...
North Dakota
governor.nd.gov/media-center/news/legislative-highlights-2013...BISMARCK, N.D. Gov. Jack Dalrymple today said North Dakotas 63rd Legislative Assembly was highlighted by the passage of historic tax relief; landmark reforms ...
$100 million Hard Rock casino proposed in Sioux City
siouxcityjournal.com/news/local/million-hard-rock-casino-proposed...A horse was found at a Sioux City elementary school Tuesday morning. The lead singer of the heavy metal band Slipknot has reported the theft of $36,000 in musical ...
Invest in Democracy! Liberty Tree Foundation
libertytreefoundation.org/invest-democracyYour generous contribution will help us continue to seed and nurture a growing democracy movement for the U.S.A. Contribute online right now: (Liberty Tree is a tax ...
Powerball - Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/PowerballPowerball is an American lottery game sold by 45 lotteries as a shared jackpot game. It is coordinated by the Multi-State Lottery Association (MUSL), a non-profit ...
Canadian Pacific Railway - Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Canadian_Pacific_RailwayThe Canadian Pacific Railway (CPR), formerly also known as CP Rail (reporting mark CP) between 1968 and 1996, is a historic Canadian Class I rail carrier founded in ...
Al Gore Worth 50 Times More Than He Was As Vice President
www.huffingtonpost.com/2012/10/12/al-gores-net-worth-green-energy...Oct 12, 2012 Al Gores commitment to promoting green energy has brought him widespread acclaim, a Nobel Prize and even an Oscar. Its also brought him more than
Williston Herald: Where there is no vision, the people perish
www.willistonherald.comNews Obituaries Classifieds Man Falls Off Oil Rig, DiesWhere there is no vision, the people perish ... Williams County chose the law over being a good neighbor Tuesday, telling a couple they would have to follow the ...
Need a Payday Loan. Search many Lenders with 1 Form using ...
https://www.icashloans.comFill out 1 form and iCashLoans.com will submit your application to many lenders. Save time. Let us search for lenders for you.
Indianapolis Business Indianapolis Star indystar.com
www.indystar.com/section/BUSINESSGet the latest business news for the Indianapolis-area, state, nation and world, plus the most-recent Biz Buzz blog entries.
Officials say North Dakota oil tax distribution falls short ...
bismarcktribune.com/bakken/officials-say-north-dakota-oil-tax...2013-04-09T15:47:00Z Officials say North Dakota oil tax distribution falls short By NICK SMITH Bismarck Tribune Bismarck Tribune
Techmeme
www.techmeme.comThe essential tech news of the moment. Technology's news site of record. Not for dummies.
How to Get a Job Paying More Than $100,000
www.getrichslowly.org/blog/2006/06/07/how-to-get-a-job-paying-more...I've written a lot about how you can save money, about how frugality and thrift can help you to get rich slowly. But another way to save more tha...Read more.
Business News, Personal Finance and Money News - ABC News
abcnews.go.com/businessFind the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
Now hiring: North Dakota oil boom creates thousands of jobs -
rockcenter.nbcnews.com/.../8495501-now-hiring-north-dakota-oil-boom...Those hurt hard by the ailing economy are flocking to Williston, N.D., where an oil boom has turned a sleepy prairie town into a place producing thousands of jobs ...
In Play - Yahoo! Finance - The basics of investing.
finance.yahoo.com/marketupdate/inplayInvesting - Learn the basics of investing. Find tutorials, investing strategies and expert advice.
0 comments:
Post a Comment
Click to see the code!
To insert emoticon you must added at least one space before the code.