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  "documentTitle": "Canadian Pacific Railway (CP)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
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  "presentationDate": "2012-02-06 00:00:00",
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  "notes": "The chart uses coefficient of variation as a proxy for reliability.",
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      "kind": "callout",
      "text": "CP's freight service is less reliable than CN's",
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      "kind": "chart",
      "text": "Transit Time Variability by freight category for CP and CN",
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      "text": "(1) See pages 16 and 17 of the QGI report for an explanation of the measurement framework. For example, if transit time was 100 hours and the standard deviation was 20 hours, the coefficient of variation would be 20 percent. A lower coefficient of variation reflects a more consistent transit time.",
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      "text": "Transit Time Variability: 34%",
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      "kind": "source-note",
      "text": "Source: Analysis of Railway Fulfillment of Shipper Demand and Transit Times, QGI Consulting, March 2010.",
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      "text": "Less Reliable Transit Times",
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