Canadian Pacific sees shipments up 3-5 pct in 2004

Newswire

FRANKFURT, Jan 20 (Reuters) - Canadian Pacific Railway Ltd said on Tuesday it expects shipments to rise by between three and five percent in 2004, driven by higher grain and coal volumes. "We expect higher shipments," Robert Ritchie, president and chief executive of Canadian Pacific, Canada's second-biggest rail carrier, told an investors' conference in Frankfurt.

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