Canadian Pacific Railway announces long-term agreement with Toyota

CALGARY, Alta.–Canadian Pacific Railway has entered into a long-term agreement with Toyota Motor Sales to provide rail service to Toyota’s new automotive plant at Woodstock,Ontario, the companies announced in a release.

“This is a real-time outcome of our focus on Execution Excellence and one that builds on our already strong partnership with Toyota,” said Fred
Green,President and CEO of CPR. “We have been supplying rail service to Toyota’s Cambridge plant for more than 17 years and this agreement demonstrates thatToyota is confident in CPR’s ability to provide the same quality rail serviceto their new Woodstock plant.”

The Toyota Woodstock plant will be opened in 2008. When completed, it will have the capacity to build 150,000 units annually of Toyota’s RAV4 sport utility vehicle.

CPR will be the primary rail carrier providing transportation for finished vehicles manufactured at the plant to markets throughout North America.

CPR says it has commenced an environmental assessment for a new rail facility toservice the Toyota plant. As part of this process, public consultation with local residents and municipal officials has begun, and will be ongoing.