CPR responds to Elk Valley Coal Corporation's notice of intention to file for a final offer arbitration
14 Agosto 2004 - 3:57AM
PR Newswire (US)
CPR responds to Elk Valley Coal Corporation's notice of intention
to file for a final offer arbitration CALGARY, Aug. 13
/PRNewswire-FirstCall/ -- Canadian Pacific Railway (TSX/NYSE: CP)
said today it received notice from Elk Valley Coal Corporation of
its intention to submit the matter of rates charged by Canadian
Pacific Railway for the movement of coal by rail from one of their
five coal mines in Sparwood, BC to the Port of Vancouver to the
Canadian Transportation Agency for final offer arbitration. CPR
maintains that these rates are governed by the transportation
contract that is currently the subject matter of the action filed
by CPR on July 21, thus not eligible for final offer arbitration.
CPR will continue to progress with the statement of claim as filed
against Elk Valley Coal Corporation. CPR's claim is in respect of
the defendant's failure to pay the full amount of rail freight
charges, which are applicable pursuant to the transportation
contract between CPR and Elk Valley Coal Corporation. Canadian
Pacific Railway is a transcontinental carrier operating in Canada
and the U.S. Its 14,000-mile rail network serves the principal
centres of Canada, from Montreal to Vancouver, and the U.S.
Northeast and Midwest regions. CPR feeds directly into America's
heartland from the East and West coasts. Alliances with other
carriers extend its market reach throughout the U.S. and into
Mexico. Canadian Pacific Logistics Solutions provides logistics and
supply chain expertise worldwide. For more information, visit CPR's
website at http://www.cpr.ca/. DATASOURCE: Canadian Pacific Railway
CONTACT: Media: Ed Greenberg, (403) 319-3686, (403) 540-8106
(cell), Email: ; Len Cocolicchio, (403) 319-7591, Email: ;
Investment Community: Paul Bell, Vice-President - Investor
Relations, (403) 319-3591, Email:
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