CPR claims damages in contract dispute with Elk Valley Coal Partnership
22 Luglio 2004 - 4:16AM
PR Newswire (US)
CPR claims damages in contract dispute with Elk Valley Coal
Partnership CALGARY, July 21 /PRNewswire-FirstCall/ -- Canadian
Pacific Railway (TSX/NYSE: CP) said it has filed a statement of
claim against defendant Elk Valley Coal Partnership. The claim is
in respect of the defendant's failure to pay the full amount of
rail freight charges, which are applicable pursuant to a
transportation contract between CPR and Elk Valley Coal
Partnership. The dispute relates to the shipment of coal from the
defendant's Elk Valley mines in southeastern British Columbia to
Vancouver area ports for overseas export. CPR's statement of claim
is for $14.18 million to the end of June. CPR's contract with Elk
Valley Coal Partnership continues through to March 31, 2007. The
dispute is not expected to affect the continued shipment of coal by
CPR from the Elk Valley mines. 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: Len Cocolicchio, Tel.: (403) 319-7591, E-mail: , Investment
Community: Paul Bell, Vice-President, Investor Relations, Tel.:
(403) 319-3591, E-mail:
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