A Canadian Pacific container train poses against the Rocky Mountains - Date unknown Canadian Pacific Railway.

19 March 2012

Canadian Pacific to Present Operational Progress and Roadmap to Further Operating Ratio Improvement

Calgary Alberta - Canadian Pacific Railway Limited will make a public presentation to investors and analysts detailing its progress against key operational metrics and outlining its plan for continuing improvement to the Company's operating ratio ("OR"). CP's Investor Day will be held in Toronto, Ontario, on Tuesday, 27 Mar 2012 from 9:00 a.m. - 12:00 noon Eastern Time (7:00 a.m. - 10:00 a.m. Mountain Time). Those wishing to attend the event in person will need to pre-register at www.cpOnTrack.com. A live webcast of the event and the presentation materials will also be available on the web site.
 
"This will be a valuable opportunity to update shareholders on the demonstrable progress we are making at CP as we execute against our detailed plan to achieve our targeted operating ratio goal of 70 to 72 percent for 2014," said Fred Green, President and CEO of CP. "Canadian Pacific entered 2012 with record operating metrics and we expect these metrics to translate into improved financial results beginning in the first quarter of 2012. The CP management team is focused on continuing to deliver on our Multi-Year Plan to create long-term value for shareholders."
 
CP ended 2011 with record operating metrics including car miles per car day and terminal dwell, which both improved 20 percent during the fourth quarter compared to the fourth quarter of 2010. CP also made further improvements in 2012. Year-to-date February, CP saw significant improvements compared to the 3 year average for the same period in terminal dwell (29 percent), active cars online (26 percent), AAR train speed (15 percent) and car miles per car day (45 percent), which set a new performance record of 208 miles per day.
 
Presenters will include:  Fred Green President and Chief Executive Officer, members of the senior executive team who will update investors on progress against key operating metrics and advancing the Multi-Year Plan, members of CP's Board of Directors, and representatives of Oliver Wyman (part of Marsh & McLennan Companies), highly qualified, independent, railroad industry experts retained by CP's Board of Directors, which will present elements of its independent assessment of CP's Multi-Year Plan and its analysis of the feasibility of Pershing Square's publicly stated projections and timeframe for CP's OR improvement.