Canadian Pacific Railway Limited (CP) Q2 2010 Earnings Call July 28, 2010 11:00 a.m. ET Executives Janet Weiss - IR Fred Green - President & CEO Kathryn McQuade - EVP & CFO Jane O'Hagan - SVP, Strategy and Yield Analysts Walter Spracklin - RBC Capital Markets Chris Ceraso - Credit Suisse Scott Malat - Goldman Sachs Bill Greene - Morgan Stanley Ed Wolfe - Wolfe Trahan Ken Hoexter - Bank of America-Merrill Lynch Tom Wadewitz - JPMorgan Fadi Chamoun - BMO Capital Markets Cherilyn Radbourne - TD Newcrest Benoit Poirier - Desjardins Securities Jeff Kauffman - Sterne, Agee Jason Seidl - Dahlman Rose David Tyerman - Canaccord Genuity PresentationOperator
Good morning, my name is Andrea and I will be your conference operator today. At this time I would like to welcome everyone to the Canadian Pacific's Second Quarter 2010 Conference Call. (Operator Instructions). Thank you. Ms Weiss, you may begin your conference. Janet Weiss Thank you, Andrea. Good morning and thanks for joining us. The presenters today will be Fred Green, our President and Chief Executive Officer; Kathryn McQuade, our Executive Vice President and Chief Financial Officer; Jane O'Hagan, our Senior VP, Marketing & Sales and Chief Marketing Officer. Also joining us on the call today are Ray Foot, our Group VP of Sales, Brock Winter, our Senior VP of Engineering and Mechanical and Brian Grassby, our VP and Controller. The slides accompanying today's conference call are available on our website. Before we get started, let me remind you that this presentation contains forward-looking information. Actual results may differ materially. The risks, uncertainties and other factors that could influence actual results are described on slide one and two in the press release and in the MD&A filed with Canadian and U.S. Securities regulators. Please read carefully as these assumptions could change throughout the year.