Canadian Pacific comments on free trade negotiations with Japan

CALGARY, March 26, 2012 - Canadian Pacific welcomes the joint announcement by Prime Minister Stephen Harper and Japanese Prime Minister Yoshihiko Noda, that Canada and Japan will launch negotiations for a free trade agreement between the two countries.

Jane O'Hagan, CP's Executive Vice-President and Chief Marketing Officer made the following comment on the negotiations.

"Canadian Pacific is focused on driving volume growth, expanding network reach and revenue-generating capacity, and controlling costs.  CP welcomes Prime Minister Harper's promotion of free trade in Asia.  Free Trade enables long term growth, promotes investment and creates greater supply chain certainty - all of which supports our growth in the Asia-Pacific Gateway."

Japan is the world's third-largest national economy and was Canada's largest source of job-creating investment from Asia. It is also Canada's fourth-largest merchandise export market, with exports totaling $10.7 billion in 2011 - an increase of 16.1 percent over 2010. Total merchandise trade in 2011 was valued at $23.7 billion.  CP and its supply chain partners enable these trade flows.

About Canadian Pacific:

Canadian Pacific (CP:TSX)(NYSE:CP) operates a North American transcontinental railway providing freight transportation services, logistics solutions and supply chain expertise. Incorporating best-in-class technology and environmental practices, CP is re-defining itself as a modern 21st century transportation company built on safety, service reliability and operational efficiency. Visit cpr.ca and see how Canadian Pacific is Driving the Digital Railway.

CN to hold annual meeting of shareholders in Halifax, N.S., on April 24, 2012

MONTREAL, March 23, 2012 - CN (TSX: CNR) (NYSE: CNI) will hold its 2012 annual meeting of shareholders in Halifax, N.S., on April 24, 2012.

The meeting will be held in the Grand Ballroom (Room 200C) of the World Trade and Convention Centre, 1800 Argyle Street, starting at 10 a.m. Atlantic Daylight Time. CN will provide an audio webcast of the proceedings via the Investors section of its website, www.cn.ca/investors.

The company's Management Information Circular and Notice of Annual Meeting of Shareholders, its 2011 Annual Report, and the 2011 Annual Information Form and Form 40-F are available in the Investors section of CN's website.

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. 

Norfolk Southern Slows Train Speeds Between Dearborn and Kalamazoo

NORFOLK, Va., March 16, 2012 -- Effective March 15, 2012, Norfolk Southern (NYSE: NSC) lowered the railroad operating speed limits on certain sections of the Michigan Line between Dearborn and Kalamazoo that handle both Amtrak's passenger service and Norfolk Southern's freight service.  These lower speed limits have been imposed to reflect the maximum safe operating speeds for the line, given the line's condition. Safety is of paramount importance in both passenger and freight rail operations.

The reduction in railroad operating speed limits both has been anticipated over time and is in conformance with existing agreements between Norfolk Southern and Amtrak. Other portions of the Michigan mainline experienced similar reductions in railroad operating speed limits in 2011. Some of those 2011 speed reductions were later eliminated as the result of work funded by Michigan DOT.

The Michigan Line is currently the subject of an existing agreement that anticipates the acquisition of the rail line by Michigan, and the subsequent rehabilitation of the line to handle maximum authorized speeds of up to 110 mph for passenger trains. That transaction is expected to be completed later this year, pending Federal regulatory review.

"Until ownership of the Michigan Line is transferred, Norfolk Southern is willing to perform work on the line on behalf of Amtrak or Michigan DOT to address any passenger operating concerns," said John V. Edwards, Norfolk Southern's general director passenger policy. "This work is not necessary to provide freight service, but if the passenger service providers want to provide the necessary funding, we will do it.

About Norfolk Southern Corporation:

Norfolk Southern Corporation is one of the nation's premier transportation companies. Its Norfolk Southern Railway subsidiary operates approximately 20,000 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides efficient connections to other rail carriers. Norfolk Southern operates the most extensive intermodal network in the East and is a major transporter of coal and industrial products.

Penn Central paint scheme added to heritage line-up

ALTOONA, Pa., March 16, 2012 -- The first locomotive to be painted in Norfolk Southern's (NYSE: NSC) 30th anniversary heritage paint schemes rolled out of the company's Juniata Locomotive Shop here yesterday. Locomotive NS 8098, a GE ES44AC, bears the "Conrail Blue" scheme. It is a 4,400-horsepower, EPA Tier-3 compliant Evolution Series locomotive equipped with distributed power capability. It will be run to Conway, Pa., and enter active transportation service.

Norfolk Southern also announced that an additional legacy railroad, Penn Central, has been added to the 18 heritage schemes previously announced. This will be an SD70Ace to be painted at Progress Rail Services' facility in Muncie, Ind.  The Penn Central Transportation Company was created in 1968 from the merger of the New York Central and the Pennsylvania Railroad, and the New York, New Haven and Hartford was added shortly afterward. Penn Central formed the core of Conrail when Conrail was created in 1976.

A photo of the first unit and a rendering of the Penn Central paint scheme, as well as the original heritage scheme announcement and graphics are available at Norfolk Southern's website.

Norfolk Southern Corporation is one of the nation's premier transportation companies. Its Norfolk Southern Railway subsidiary operates approximately 20,000 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides efficient connections to other rail carriers. Norfolk Southern operates the most extensive intermodal network in the East and is a major transporter of coal and industrial products.

Canadian Pacific Announces Filing of Form 40-F

CALGARY, March 15, 2012 /CNW/ - Canadian Pacific (TSX:CP)(NYSE:CP) announced today that it has completed the filing of its Form 40-F with the Securities Exchange Commission (SEC).  A copy of the Form 40-F is available on CP's website at www.cpr.ca.

Shareholders may request a printed copy of the complete audited financial statements, free of charge, by email to shareholder@cpr.ca or by regular mail to Shareholder Services, Canadian Pacific, Suite 920, Gulf Canada Square, 401 - 9th Avenue S.W., Calgary, AB T2P 4Z4.

About Canadian Pacific

Canadian Pacific (TSX:CP)(NYSE:CP) operates a North American transcontinental railway providing freight transportation services, logistics solutions and supply chain expertise. Incorporating best-in-class technology and environmental practices, CP is re-defining itself as a modern 21st century transportation company built on safety, service reliability and operational efficiency. Visit cpr.ca and see how Canadian Pacific is Driving the Digital Railway.

Canadian Pacific and Unimin Corporation announce new long-term agreement for the movement of frac sand

MINNEAPOLIS, MN, March 15, 2012 /CNW/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today announced a multi-year agreement with Unimin Corporation of New Canaan, Connecticut, for the movement of frac sand from Unimin's facility in Wisconsin.

Unimin Corporation is North America's leading producer of industrial minerals. The facility, the Company's newest and most productive, will open in 2013 in Tunnel City, Wisconsin and will produce two million tons of frac sand annually for energy markets in North Dakota, Texas, Colorado and elsewhere.

Under the agreement CP will become the exclusive rail service provider at this facility for the movement of frac sand to Unimin Corporation's destination markets.

"We have a long relationship with CP at many of our plants in North America and we are delighted to expand this longstanding partnership," said Kevin F. Crawford, President and Chief Executive Officer at Unimin. "Rail is an effective way to move our products and CP is a reliable partner that will enable us to continue to deliver products to critical energy markets."

"Canadian Pacific has been serving Unimin, one of our largest Industrial Products customers, for more than three decades and we are pleased to continue to grow this partnership through service at its new facility," said Jane O'Hagan, Canadian Pacific's Chief Marketing Officer and EVP Marketing & Sales. "Canadian Pacific's scheduled railway will ensure we efficiently manage their increasing volumes with reliable service."

"This agreement showcases the strength of CP's network through Wisconsin with service to key energy regions throughout North America. CP has proven performance in our ability to move energy-related products and materials, such as frac sand, to important oil and gas producing formations," said O'Hagan.

"Canadian Pacific has extended our energy franchise with ongoing capital investments on our U.S. Midwest network and is moving forward with our 2012 accelerated capital plan which includes investments that support our energy growth strategy. We are pleased to be in a position to provide the capacity to our customers to respond to the strong growth in the energy-related markets."

Canadian Pacific is the only North American railroad to serve the Bakken Formation, the Alberta Industrial Heartland, and the Marcellus Shale.  In addition, CP is the only Class I railway to connect the energy hubs of the U.S. Midwest, Alberta and Saskatchewan to the Northeast U.S.  Through its network to the Northeast U.S. and through the Kansas City gateway to the U.S. Gulf Coast, CP is able to partner with the energy industry to facilitate growth in moving oil and energy-related materials.  Each year, CP moves hundreds of thousands of carloads of energy-related products, including crude oil, sulphur, fuels, diluents and materials key to the energy industry, such as pipe and frac sand.

Note on Forward-Looking Information

This news release contains certain forward-looking statements relating but not limited to our operations, anticipated financial performance and business prospects. Undue reliance should not be placed on forward-looking information as actual results may differ materially. Forward-looking statements are not guarantees of future performance. By its nature, CP's forward-looking information involves numerous assumptions, inherent risks and uncertainties, including but not limited to the following factors: changes in business strategies; general North American and global economic, credit and business conditions; risks in agricultural production such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures; industry capacity; shifts in market demand; inflation; changes in laws and regulations, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; uncertainties of investigations, proceedings or other types of claims and litigation; labour disputes; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; currency and interest rate fluctuations; effects of changes in market conditions and discount rates on the financial position of pension plans and investments, including long-term floating rate notes; and various events that could disrupt operations, including severe weather, droughts, floods, avalanches and earthquakes as well as security threats and governmental response to them, and technological changes. These and other factors are detailed from time to time in reports filed by CP with securities regulators in Canada and the United States. Reference should be made to "Management's Discussion and Analysis" in CP's annual and interim reports, Annual Information Form and Form 40-F.

Except as required by law, CP undertakes no obligation to update publicly or otherwise revise any forward-looking information, whether as a result of new information, future events or otherwise.

About Canadian Pacific

Canadian Pacific (CP: TSX)(NYSE: CP) operates a North American transcontinental railway providing freight transportation services, logistics solutions and supply chain expertise. Incorporating best-in-class technology and environmental practices, CP is re-defining itself as a modern 21st century transportation company built on safety, service reliability and operational efficiency. Visit cpr.ca and see how Canadian Pacific is Driving the Digital Railway.

Canadian Pacific Directors Tony L. Ingram and Edmond L. Harris Share Board Perspective

CALGARY/TORONTO, March 14, 2012 /CNW/ - Tony L. Ingram and Edmond L. Harris, Directors of Canadian Pacific and members of the Company's Safety, Operations and Environment Committee, participated in a conference call hosted by BMO Capital Markets on March 13, 2012.  Among other topics discussed on the call, Messer's Ingram and Harris discussed CP's unique assets, its Multi-Year Plan, and management's progress in executing against the Plan.

Mr. Harris noted in a press release, "Fred Green and his management team are successfully and aggressively executing against CP's Multi-Year Plan, which the Board has reviewed and fully endorses.  The Multi-Year Plan has been specifically designed to generate the best possible operational and financial results from CP's unique assets and circumstances.  To date, the disciplined implementation of the Multi-Year Plan has resulted in record-breaking improvements in key operating metrics over the company's 3-year averages, including terminal dwell, car miles per car day, train speed and active cars online.  These meaningful achievements, which are a leading indicator of both customer satisfaction and financial results, will translate into enhanced value for shareholders."

Mr. Ingram noted, "CP's Board of Directors unanimously supports Fred Green and his strong, experienced management team.  As best practices are established throughout the organization, we're seeing the transformation of the railroad reflected in the improvement to CP's operating metrics year-to-date.  Ed and I have had first-hand experience of implementing operational turnarounds several times in our careers, and we agree that what we're seeing at CP bears the hallmarks of a railroad beginning to fire on all cylinders.

As members of the Safety, Operations and Environment Committee, we will continue to closely monitor the Plan's successful execution and hold management fully accountable for reaching an Operating Ratio of 70 to 72 per cent for 2014 and delivering further improvements thereafter."

A full replay of the call is available on CP's website at www.cpr.ca. To access the replay, click on the 'Invest In CP' tab and go to 'Executive & Board Updates'.

Forward Looking Statements: 
This news release contains certain forward-looking statements relating but not limited to our operations, anticipated financial performance and business prospects. Undue reliance should not be placed on forward-looking information as actual results may differ materially. Forward-looking statements are not guarantees of future performance. By its nature, CP's forward-looking information involves numerous assumptions, inherent risks and uncertainties, including but not limited to the following factors: changes in business strategies; general North American and global economic, credit and business conditions; risks in agricultural production such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures; industry capacity; shifts in market demand; inflation; changes in laws and regulations, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; uncertainties of investigations, proceedings or other types of claims and litigation; labour disputes; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; currency and interest rate fluctuations; effects of changes in market conditions and discount rates on the financial position of pension plans and investments, including long-term floating rate notes; and various events that could disrupt operations, including severe weather, droughts, floods, avalanches and earthquakes as well as security threats and governmental response to them, and technological changes. These and other factors are detailed from time to time in reports filed by CP with securities regulators in Canada and the United States. Reference should be made to "Management's Discussion and Analysis" in CP's annual and interim reports, Annual Information Form and Form 40-F.

Except as required by law, CP undertakes no obligation to update publicly or otherwise revise any forward-looking information, whether as a result of new information, future events or otherwise.

About Canadian Pacific: Canadian Pacific (TSX:CP)(NYSE:CP) operates a North American transcontinental railway providing freight transportation services, logistics solutions and supply chain expertise. Incorporating best-in-class technology and environmental practices, CP is re-defining itself as a modern 21st century transportation company built on safety, service reliability and operational efficiency. Visit www.CPonTrack.com and see how Canadian Pacific is further driving shareholder value.