Imagine what could be accomplished if the government provided the right fiscal and policy environment. Mr. MacDiarmid urged railroad companies to continue to invest in technology to keep Canada's rail industry competitive on a global scale. The industry is also technologically advanced. PEP companies are driving the growth of the technology companies by purchasing their products for use in revitalizing operations such as CP Rail. The new technologies are changing the way PEP companies do business.
Rail transport is as important today as ever before.
Technology is important to the industry and is reshaping its future. Information systems must be able to track shipments, not at the level of the train, but at the level of the shipment. Technology is important to CP Rail, but so are safety and profitability. Rail contributes to the fulfillment of the e-commerce transaction by providing the necessary delivery mechanism. Technology played a pivotal role in the re-structuring of CP Rail that began in 1995.