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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of January,
2006
CANADIAN PACIFIC RAILWAY LIMITED
(Commission File No. 1-01342)
CANADIAN PACIFIC RAILWAY COMPANY
(Commission File No. 1-15272)
(translation of each Registrants name into English)
Suite 500, Gulf Canada Square, 401 9th Avenue, S.W., Calgary, Alberta, Canada, T2P 4Z4
(address of principal executive offices)
Indicate by check mark whether the registrants file or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F o Form 40-F x
Indicate by check mark whether the registrants by furnishing the
information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.
Yes o No x
If Yes is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
This Report furnished on Form 6-K shall be incorporated by reference into
each of the following Registration Statements under the Securities Act of 1933
of the registrant: Form S-8 No. 333-127943 (Canadian
Pacific Railway Limited), Form S-8 No. 333-13962 (Canadian Pacific Railway Limited),
and Form S-8 No. 333-13846 (Canadian Pacific Railway Limited).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
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CANADIAN PACIFIC RAILWAY LIMITED
CANADIAN PACIFIC RAILWAY COMPANY
(Registrants) |
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Date: January 26, 2006 |
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By: |
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Signed: |
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Donald F. Barnhardt |
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Name: |
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Donald F. Barnhardt |
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Title: |
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Corporate Secretary |
Release: January 26, 2006
Canadian Pacific Railway and CN to implement further service improvements at the Port of Vancouver
(Editors: a downloadable map illustrating the operational initiatives is available on the CN and
CPR Websites)
Vancouver, B.C. CN and Canadian Pacific Railway (CPR) announced today they have reached an
agreement that will make rail operations more fluid in the Lower Mainland, enhancing service for
rail customers and supporting the growth of Pacific Gateway ports and terminals. The operational
improvements are expected to begin in March 2006.
The agreement includes a series of significant operational initiatives that will improve the flow
of freight to and from the port by operating direct-to-destination trains that bypass yards and
eliminating railway-to-railway handoffs. It will also extend the railways existing directional
running zone in the Fraser Canyon west to the Gateway ports and terminals.
Under the agreement:
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CPR will handle all trains of both railways from Boston Bar, 60 kilometres north of
Hope, B.C., and 200 kilometres from Vancouver, to Vancouvers South Shore using CPR train
crews. CPR will also improve the coordination of train movements and will switch all
traffic into and out of terminals on Burrard Inlet South Shore. |
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CN will handle all trains of both railways from Boston Bar to Burrard Inlet North Shore
in Vancouver using CN crews. CN will also improve the coordination of traffic switched
into and out of terminals on the North Shore. |
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CPR will also handle coal trains of both railways from Boston Bar to the Roberts Bank
coal port, helping improve efficiency for coal terminal operator, Westshore Terminals. |
CN and CPR have a long-established directional running zone extending west of Ashcroft to Mission,
B.C., in the Fraser Canyon. All westbound trains of both railways operate over the CN line, and
all eastbound trains of both railways operate over the CPR line, improving operational fluidity
over the 240-kilometre zone.
Fred Green, President and Chief Operating Officer of CPR, said: These new initiatives represent a
clear commitment to ensuring rail shippers have the best service possible so they can compete in
global trade from a position of strength. By enhancing service as the Pacific Gateway ports and
terminals expand, we are sending a powerful message along the supply chain that coordination and
cooperation are critical levers for growth. We hope these initiatives will inspire others to work
together for a stronger Pacific Gateway.
Ed Harris, CNs Executive Vice- President, Operations, said This is a smart approach to managing
rail capacity at a time of substantial growth in Canadas trade volumes with Pacific Rim countries.
It will enhance the fluidity and capacity of both railroads in Vancouver and deliver better
service to our port and terminal partners, while ensuring healthy rail competition between CN and
CPR is maintained at the Port of Vancouver.
Canadas government expects container volumes at British Columbia seaports to grow to between 5
million and 7 million 20-ft. equivalent units (TEUs) by 2020, from 2 million this year. This
increase in container traffic, along with rapid growth of resource exports including coal,
grain, potash and sulphur have pushed the 15-year projected growth in B.C.s port and rail
sector to:
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$7.4 billion in annual economic output for B.C., from $2.7 billion, and |
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50,000 direct jobs in B.C., from 18,000. |
The Canadian government recently announced $590 million in funding for port and transportation
infrastructure and programs to support further development of the Pacific Gateway as a key access
point for all of North America. This investment complements significant measures taken by the B.C.
government, including investment in infrastructure and port development and property tax relief for
port terminal operators.
About CN
Canadian National Railway Company spans Canada and mid-America, from the Atlantic and Pacific
oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert, B.C., Montreal,
Halifax, New Orleans, and Mobile, Ala., and the key cities of Toronto, Buffalo, Chicago, Detroit,
Duluth, Minn. /Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, St. Louis, and
Jackson, Miss., with connections to all points in North America. For more information, click the
About CN button on CNs website, www.cn.ca.
About CPR
Canadian Pacific Railway is a transcontinental carrier operating in Canada and the U.S. Its
14,000-mile rail network serves the principal centers of Canada, from Montreal to Vancouver, and
the U.S. Northeast and Midwest regions. CPR feeds directly into Americas 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 CPRs website at www.cpr.ca.
Contacts:
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Canadian Pacific Railway
Media
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Investment Community |
Len Cocolicchio
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Paul Bell, Vice-President, Investor Relations |
Tel.: (403) 319-7591
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Tel.: (403) 319-3591 |
len_cocolicchio@cpr.ca
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investor@cpr.ca |
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CN
Media
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Investment Community |
Mark Hallman
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Robert Noorigian |
Tel.: (905) 669-3384
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Tel.: (514) 399-0052 |
mark.hallman@cn.ca
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robert.noorigian@cn.ca |