Thank you and good afternoon, everyone. We are now in meeting number 21, the Standing Committee on Transport, Infrastructure and Communities, pursuant to the order of reference of Thursday, September 21, 2006, Bill C-11, an act to amend the Canada Transportation Act and the Railway Safety Act and to make consequential amendments to other acts.
Joining us today from the Railway Association of Canada we have Mr. Cliff Mackay. He's the president and chief executive officer. Also with us is Mr. Claude Mongeau, executive vice-president and chief financial officer of Canadian National Railway Company.
I know that you've received some instructions from the clerk. Mr. Mackay, if you'd like to start, you have approximately seven minutes.