Our industry, Monsieur Gaudet, is one of the most capital-intensive industries. A much higher percentage of revenues earned are reinvested into maintaining the infrastructure because it's a private infrastructure. We at Canadian Pacific have an almost $1 billion capital program this year in 2011. As well, there's another operating and maintenance budget in the hundreds of millions of dollars that goes into maintaining the infrastructure.
On February 15th, 2011. See this statement in context.