Canadian Pacific – Page 10

Canadian Pacific Disclosure Practices Recognized

August 25, 2009 Railfanning.org News Wire

CALGARY — Canadian Pacific Railway Limited announced it has been awarded the Governance Gavel Award for Director Disclosure by the Canadian Coalition for Good Governance (CCGG). The award recognizes excellence in shareholder communications, particularly through the annual proxy circular. A company’s disclosure is judged against best practices as defined by the CCGG. “This award recognizes our ongoing efforts to ensure the timeliness, clarity and transparency of communications with our shareholders,” said Kathryn McQuade, CP’s Chief Financial Officer. “At Canadian Pacific, we continually strive to improve our governance and disclosure procedures through review and comparison with best practices. We are pleased

Canadian Pacific Announces Sale of Windsor Station to Cadillac Fairview

August 4, 2009 Railfanning.org News Wire

CALGARY — Canadian Pacific Railway announced the sale of Windsor Station and significant other related real estate assets to The Cadillac Fairview Corporation Limited for $86 million. As part of the transaction, Canadian Pacific has entered into a long term lease with Cadillac Fairview, and will remain the principal tenant of Windsor Station, reflecting its close connection to the building and its long-term presence in Montreal. The transaction has received the necessary regulatory approvals, including federal government approval.

Canadian Pacific Announces Second-Quarter 2009 Results

July 30, 2009 Railfanning.org News Wire

CALGARY — Canadian Pacific Railway announced second-quarter net income of $157 million, an increase of two per cent from $155 million in 2008. The impact on net income from a decline in freight volumes was offset by a net gain after tax on the sale of a portion of CP’s interest in the Detroit River Tunnel Partnership of $69 million. Diluted earnings per share were $0.93, a decrease of seven per cent from $1.00 in second-quarter 2008. “The recession continues to have a significant impact on our business and although freight volumes appear to have stabilized, we have not yet

CP: Rates Established for Westbound Coal Through End of Q1 2010

July 28, 2009 Railfanning.org News Wire

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

AAR: Rail Freight Traffic Down in June

July 7, 2009 Railfanning.org News Wire

WASHINGTON — The Association of American Railroads reported that U.S. railroads originated 1,039,889 carloads of freight in June 2009, down 19.7 percent with 255,668 fewer carloads, compared with June 2008. U.S. intermodal rail traffic – comprising trailers and containers on flat cars that are not included in carload figures – totaled 755,000 units in June 2009, down 18.2 percent compared with the same period last year with 168,031 fewer trailers and containers, the association said. For the first six months of 2009, total U.S. rail carloadings were down 19.5 percent (1,594,411 carloads) to 6,579,294 carloads, while intermodal traffic was down

CP: Temporary closure of Boulevard Perrot Nord

May 19, 2009 Railfanning.org News Wire

MONTREAL — Canadian Pacific advises West Island area communities that the level crossing at Boulevard Perrot Nord will be closed on Saturday, May 23, 2009 between 6 a.m. and 6 p.m. due to “the necessary rebuilding of the road crossing,” the railroad said in a statement. All vehicular traffic will be directed to 1er Boulevard (Access Terrasse-Vaudreuil), in Terrasse-Vaudreuil, for the duration of the work. — CNW Telbec

Canadian Pacific and IBM Sign a Five-Year Services Agreement

April 30, 2009 Railfanning.org News Wire

TORONTO — IBM has signed a five-year renewal with Canadian Pacific to provide strategic outsourcing services. This current infrastructure agreement includes mainframe, database, architecture and project management services. IBM will continue to operate the information technology infrastructure for the Calgary, Alberta-based railway. This renewal provides CP with effective cost management while improving services to customers. “With the current economic situation, there is a growing need to build smarter transportation systems around the world,” said Saad Toma, general manager, Global Technology Services, IBM Canada. “IBM will continue helping Canadian Pacific optimize technology to reduce operational costs and to improve fluidity of

Canadian Pacific Trains Pause for Day of Mourning

April 27, 2009 Railfanning.org News Wire

CALGARY — Canadian Pacific employees will pause to honor workers who have perished or have been injured in the workplace at 11 a.m. local time on April 28, the designated International Day of Mourning. “Each year we remember those employees who have lost their lives or suffered injury in occupational incidents in an effort to continuously strengthen our focus on workplace safety,” said Brock Winter, Senior Vice-President Operations. “Safety is our number one priority.” Trains across Canadian Pacific’s 14,000-mile North American rail network, locomotives in CP yards and terminals, and crane operators in intermodal terminals will stop at safe locations

Canadian Pacific Police Steps up Safety Enforcement

April 24, 2009 Railfanning.org News Wire

CALGARY — The Canadian Pacific Police Service (CPPS) is taking its public safety message directly to the street, during Rail Safety Week which runs from April 27 to May 3 in Canada. CP Police officers from Montreal to Vancouver will conduct more than 100 safety and enforcement blitzes in communities across Canada. They will remind students, pedestrians, cyclists and motorists about the important message of staying safe around railway crossings and property. “This week our focus is to build on the education efforts of programs such as Operation Lifesaver by deploying officers to enforce the laws that relate specifically to

Canadian Pacific Prepares for the Red River Flood

April 5, 2009 Railfanning.org News Wire

EMERSON, Alberta – Canadian Pacific has temporarily closed its rail line connecting Emerson and Winnipeg due to flooding on the Red River in southern Manitoba. Company officials will be available for comment on flood preparations in Emerson on Monday morning while flood management measures are put in place. CP has worked with emergency management officials, its customers and communities in preparation for the flood. Service on the rail line will be restored as soon as the flood threat passes, the track is inspected and it is safe to return the line to service, the railroad said.