CP Strike update

The Bill calling for the resumption of rail service will progress to the Senate for consideration and passage today (May 31).  Following Senate approval, the final step would be the Governor General’s Royal Assent which could occur later today. The Bill comes into force 12 hours after Royal Assent is given.  This would allow CP’s Canadian operation to resume early Friday, June 1st. We are monitoring progress closely, and will provide any further updates as they are made known.

CP’s operations group is prepared to initiate the Canadian start up plan as soon as notification of Royal Assent is given.

CP’s start up plan has been developed to ensure that Canadian operations commence in a safe manner, making certain that fluidity and balance returns to the entire Network as soon as possible, to the benefit of all of our customers.

All components in our system are positioned for a safe and effective start-up:

• Yards and terminals are prepared and staffed for operation
• Locomotives and assets are placed for service resumption
• Significant preventative track maintenance has been completed, allowing a swift and efficient start up.

Included in this plan is resumption of all local service, following normal LSOP scheduling. This is consistent with all preparation and planning done for the return of our Canadian freight service.

While an embargo application for shipments routing to and from CP Canadian locations remains in effect, it is CP’s intent to rescind this application as soon as it is confirmed that the legislation has been successfully passed, and that CP is activating the operational start-up plan.

The embargo currently in effect applies to:

• All shipments originating in Canada which are billed to any Canadian or US destinations
• All shipments originating in the United States which are billed to any Canadian destinations
• The embargo can be rescinded at any time