(The Canadian Pacific Railway issued the following news release on October 3.)
CALGARY — Canadian Pacific Railway will increase its published freight tariffs by four per cent, effective Nov. 1, 2003, the railway announced today.
The increase will apply to about 80 per cent of tariffs on freight other than grain. Grain rates are managed under a separate program.
CPR has already increased some published freight tariffs in 2003. Tariffs covered by the current program that were increased by less than four per cent will be subject to an adjustment on Nov. 1 that will bring their increase this year to a total of four per cent.
Canadian Pacific Railway, recognized internationally for its scheduled railway operations, 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 America’s heartland from the East and West coasts. Alliances with other carriers extend its market reach throughout the U.S. and into Mexico. For more information, visit CPR’s website at www.cpr.ca.