Canadian Pacific and CN implement new rail terminal efficiencies at Deltaport

VANCOUVER, BRITISH COLUMBIA today announced an agreement allowing the Deltaport Division of a jointly owned rail subsidiary to manage rail switching operations for CN's and CP's intermodal trains at Deltaport, a marine container terminal located at Roberts Bank, 40 kilometres south of Vancouver's inner harbour.

"Deltaport Division will streamline the logistics chain at the terminal, generating greater efficiencies in the overall rail and port operation," said Keith Creel, CN executive vice-president, Operations. "These service and productivity gains support Canada's Asia-Pacific Gateway Initiative, which aims to bolster the competitiveness of the nation's west coast ports."

CN and CP move approximately 70,000 TEUs (twenty-foot equivalent containers) into and out of Deltaport each month. Container cars must be switched into the terminal tracks for loading and unloading.

Kathryn McQuade, CP's executive vice-president and chief operating officer, said: "More specifically we expect Deltaport Division will enhance the fluidity and capacity of both railways calling at Deltaport and deliver better service to our port and terminal partners within the Pacific Gateway."

The railways' Deltaport switching agreement represents another positive development in CP's and CN's directional running zone in the Fraser Canyon and Co-Production operating agreements in the greater Vancouver area.

About CN

CN - Canadian National Railway Company and its operating railway subsidiaries - 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 metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, and Jackson, Miss., with connections to all points in North America. For more information on CN, visit the company's website at www.cn.ca.

About Canadian Pacific

Canadian Pacific, through the ingenuity of its employees located across Canada and in the United States, is committed to being the safest, most fluid railway in North America. Our people are the key to delivering innovative transportation solutions to our customers and to ensuring the safe operation of our trains through the more than 900 communities where we operate. Our combined ingenuity makes Canadian Pacific a better place to work, rail a better way to ship, and North America a better place to live. Come and visit us at www.cpr.ca to see how we can put our ingenuity to work for you. Canadian Pacific is proud to be the official rail freight services provider for the Vancouver 2010 Olympic and Paralympic Winter Games.

www.cn.ca

Contacts: Canadian Pacific Mike LoVecchio (Media) Senior Manager, Media Relations (778) 772-9636 mike_lovecchio@cpr.ca Canadian Pacific Janet Weiss (Investment Community) Assistant Vice-President, Investor Relations (403) 319-3591 investor@cpr.ca CN Mark Hallman (Media) Director, Communications, Media (905) 669-3384 mark.hallman@cn.ca CN Robert Noorigian (Investment Community) Vice-President (514) 399-0052 robert.noorigian@cn.ca

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