Fuel Recovery Charge Adjustment & CP Rail Storage Policy Storage Change (French)

Issue 521, July 18, 2006

Dear Valued Customer,

Major Trans-Pacific shipping lines of the Canada Transpacific Stabilization Agreement (CTSA), wish to advise their customers that the Fuel Recovery Charge will be adjusted to the following levels for the 3^rd quarter of 2006.

CTSA is a group of 11 ocean and Intermodal transportation companies serving the trade from Asia to Canada.

The members will continue to monitor fuel prices and will notify their customers of any further adjustments.

Applicable at the following Canadian Terminals:
Toronto (Vaughan), Montreal (Lachine), Calgary & Edmonton

Free Time on standard dry containers will be reduced from 3 days to 2 days at the above terminals (excluding Sunday and Legal Holidays). Saturday will no longer be included in calculating Free Time at these terminals. These provisions apply on both Dry and Perishable cargo.

After expiration of free time, Sunday and legal holidays are chargeable days.

Should you have any questions, please do not hesitate to contact your local sales representative or the undersigned directly.

Hugh McMaster
Vice President- Sales & Marketing, Canada

As a reminder, the above mentioned terminals are open on Saturdays.