CPR receives final offer arbitration application by Elk Valley Coal Corporation
07 Ottobre 2004 - 11:19PM
PR Newswire (US)
CPR receives final offer arbitration application by Elk Valley Coal
Corporation CALGARY, Oct. 7 /PRNewswire-FirstCall/ -- Canadian
Pacific Railway (TSX/NYSE: CP) said today it has been notified that
Elk Valley Coal Corporation has filed with the Canadian
Transportation Agency an application for final offer arbitration in
connection with rates charged by CPR for the movement of coal by
rail from one of Elk Valley Coal Corporation's five coal mines in
southeastern B.C., to the Port of Vancouver. Notwithstanding the
final offer arbitration application, CPR will continue to progress
with the statement of claim it filed against Elk Valley Coal
Corporation on July 21, 2004, which is in respect of the
defendant's alleged failure to pay the full amount of rail freight
charges 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. DATASOURCE: Canadian Pacific Railway CONTACT: Media: Len
Cocolicchio, (403) 319-7591, Email: ; Investment Community: Paul
Bell, Vice-President, Investor Relations, (403) 319-3591, Email:
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