EFTA01415820Set 10
2017-10-31222p30,137w
erased, and we expect
just
a 200bps difference in operating ratios in 2017.
Figure 1: Canadian RTM's 2004-2017E (2004=100)
100
110
120
130
EFTA01415826 ... Page 16
Deutsche Bank Securities Inc.
EFTA01415862
31 October 2017
Railroads
Canadian Rails
Figure 26: Canadian Rails generated 1% more revenue
per carload than the U.S. rails ... Figure 36: Canadian rails are investing for growth
10,000
1,000
2,000
3,000
4,000
5,000
EFTA01415870
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01415820.pdf