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Rail News Home Canadian Pacific 6/1/2022 Rail News: Canadian Pacific
Canadian Pacific yesterday announced a new multiyear agreement with CMA CGM Group in which the Class I will become the shipping company's primary rail provider in Canada, serving the ports of Vancouver, Montreal and Saint John.CP's access to the ports of Vancouver and Montreal, as well as to Port Saint John via New Brunswick Southern Railway, will enable the Class I to move the majority of CMA CGM's freight from Canadian ports to key Canadian and U.S. Midwest inland markets, CP officials said in a press release.The railroad will provide the company with "safe and reliable service that includes the shortest route miles to key markets," said John Brooks, CP's executive vice president and chief marketing officer. "CP's dedication to best-in-class service is enabling supply chain recovery that will drive future growth opportunities for the North American economy," he said.The agreement also recognizes future growth opportunities connected to CP's proposed merger with Kansas City Southern, which would add market reach and create new efficiencies, CP officials said. The proposed merger is under consideration by the Surface Transportation Board.