OREANDA-NEWS. Canadian Pacific CEO E. Hunter Harrison today unveiled new growth targets out to 2018 and CP's multi-year strategy to drive superior service and financial profitability, including more than doubling the company's earnings per share.

"Our transformation over the last two years has been nothing short of remarkable, but the journey is far from over," Harrison said. "We've dramatically improved the operating performance of the company; our operating ratio is approaching industry best and we've generated significant value for shareholders. Our achievements of the past two years have set the platform for future growth."

Financial expectations on CP's journey to 2018 include:
* More than doubling diluted earnings per share (EPS) over the next four years compared to 2014
* Growing annual revenue to CAD 10 billion in 2018
* Generating cumulative cash flow before dividends of CAD 6 billion through 2018

Harrison said CP's new targets and growth strategy are built on the foundation of performance and discipline that will see the company achieve its objectives for 2016 a full two years early, including an operating ratio in the mid-60s and cash flow before dividends of \\$1 billion.

Moving forward, Harrison outlined how CP will accelerate growth over the next four years even as it maintains a tight focus on cost containment. Highlights include investments in key corridors to leverage franchise strengths, including siding extension and terminal enhancements, and premium service driven by velocity. Harrison said the company will continue to drive its operating ratio to industry-leading levels.

"It continues to be an exciting time to be a part of this great franchise," added Harrison. "It's our talented and dedicated people who are challenging the status quo each day and are ultimately enabling us to grow with our customers at a low incremental cost to the franchise."