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World trade patterns are migrating, and Canadian Pacific is preparing for more growth through investments and effective supply-chain collaboration, said CP President and Chief Executive Officer Fred Green yesterday at the Canada Maritime Conference in Montreal.

The Class I’s growth-generating approach calls for increasing resources by hiring 3,300 employees and adding 91 locomotives in 2011 and 2012; enhancing customer service and real-time shipping information; spending more than $1 billion this year on capital investments, followed by "strong spending" the next several years, including funds for new sidings and extensions; operating longer trains with distributed power; signing transportation contracts with supply-chain partners that include commercial service agreements; and investing in "predictive" technology to improve transit times network-wide, he said.

“Canadian Pacific is investing with our customers for service reliability and productivity to further drive future growth,” said Green, according to a press release issued by CP. “The export market is growing and we are well positioned to handle forecast demand while, at the same time, contributing to improvements in the overall supply chain by reducing dwell and maximizing throughput.”