25 November 2008
Canadian Pacific to Review Federal Court Grain Hopper Car Maintenance Decision
Canadian Pacific today responded to the recent decision by the
Federal Court of Appeal dismissing the appeal filed by CP regarding the adjustment to the maximum revenue entitlement under the Canada
Transportation Act. CP will review the court's decision and available legal recourse.
The court upheld the retroactive adjustment made by the CTA on 19 Feb 2008, resulting in a decrease of $23M in what CP
was entitled to earn for the movement of grain for a portion of the 2007/2008 crop year.
CP will review its products and pricing as it relates to this decision and will communicate this to customers in the near
future.
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