CALGARY, Dec. 22, 2014 /CNW/ - E.
Hunter Harrison, Chief Executive Officer of Canadian Pacific
(CP), has been named 2015 Railroader of the Year by railroad
industry trade journal Railway Age.
"Hunter Harrison, regarded as one
of the best all-time operating executives in railroading, came out
of retirement to lead a remarkable turnaround at CP, which up to
that point had been lagging well behind its six North American
Class I contemporaries in performance," said Railway Age
Editor-in-Chief William C. Vantuono.
"Under his highly disciplined, focused leadership, CP has produced
record revenues and earnings, a record-low operating ratio, and the
stock price has more than tripled. The railroad, with aggressive
long-term growth prospects, has become one of Wall Street's most
favored investments in the rail sector."
"I am honored and humbled by the award as it is a reflection of
the remarkable team at CP and the transformation we have
undergone," said Mr. Harrison. "The railroaders of CP are the
reason for our success and, while our focus on growth and cost
control continues, it's important to pause and recognize that this
award is as much theirs as it is mine."
Hunter Harrison is Railway Age's
52nd Railroader of the Year and the second CP recipient (preceded
by Robert J. Ritchie in 2004). This
is the second time he has been so-honored; the first time was in
2002, when he was chief operating officer of the then-recently
combined Canadian National/Illinois Central system. Harrison joins
rail industry icons Stuart T.
Saunders, L. Stanley Crane
and David R. Goode as a two-time
recipient. He will be honored on March 17,
2015, at Chicago's Union
League Club. Railway Age will tell the story of Hunter Harrison and the organization he leads at
Canadian Pacific with a cover story in the magazine's January 2015 issue, which will also be available
online at www.railwayage.com with video highlights, and in the
magazine's January 2015 digital
edition. Modern Railroads magazine founded the Railroader of the
Year award, one of the most prestigious in the railroad industry,
in 1964 as the "Man of the Year." Railway Age acquired Modern
Railroads in 1991 and has presented the award annually since
then.
About CP
Canadian Pacific (TSX:CP) (NYSE:CP) is a transcontinental
railway in Canada and the United States with direct links to eight
major ports, including Vancouver
and Montreal, providing North
American customers a competitive rail service with access to key
markets in every corner of the globe. CP is growing with its
customers, offering a suite of freight transportation services,
logistics solutions and supply chain expertise. Visit www.cpr.ca to
see the rail advantages of CP.
About Railway Age
Railway Age (www.railwayage.com) is a monthly trade magazine
circulated at the management levels of North American freight and
passenger railroads. Founded in Chicago,
Ill., in 1856, it is the transportation industry's
longest-running trade publication. Railway Age is published by the
Simmons-Boardman Publishing Corp., New
York, N.Y.
SOURCE Canadian Pacific