CP: Rates Established for Westbound Coal Through End of Q1 2010
CALGARY — Canadian Pacific Railway Limited announced the results of rate proceedings between CP and Teck Coal Ltd. (Teck) addressing rate levels for export traffic moving between Teck’s southern BC mines and Vancouver area ports. Contract terms are confidential and expire on April 7, 2010. As part of the rate process, Teck also secured a rate for routing some of the existing export coal traffic via an interchange with another railway at Kamloops, BC. Traffic moving over the Kamloops interchange will not exceed 3.5 million metric tons between now and March 1, 2010. For CP this represents approximately 15% of