CALGARY, AB, Sept. 14, 2020 /CNW/ - Canadian Pacific
(TSX: CP) (NYSE: CP) will officially open its new multi-commodity
transload facility in Montréal tomorrow. The new facility will
offer transloading services and supplementary intermodal
transportation and distribution services from CP's Côte
Saint-Luc yard, with more space
available for future expansions to provide customers with access to
new markets. CP will operate the facility with TYT Group, a
Québec-based freight transportation services provider.
The new rail-served facility features 118,000 square feet of
customizable space designed to receive, unload, carry and deliver
rail traffic for various commodities. Surrounded by more than 4,000
feet of existing and adjacent track, the location is ideal for
indoor or outdoor transloading operations to keep goods moving
efficiently on and off rail and throughout the broader supply
chain.
"CP is building capacity and expanding our ability to serve
customers by providing reliable multi-commodity transload services
and logistics solutions," said Mike
Mohan, Vice-President, Sales and Marketing, Regional Sales
and Transload. "The site also offers 50 acres of additional
expansion capacity so that we can continue to extend CP's reach to
markets not directly served by rail."
With easy access to the Montréal-Pierre Elliott Trudeau
International Airport, highways 15, 20, 13, and 520 and with close
proximity to the Port of Montréal, the yard and terminal are
strategically positioned to create supply chain efficiencies for CP
and customers by allowing for faster, more flexible and more
reliable service.
To learn more about CP's Montréal Advantage, click here.
Note on forward-looking information
This news release contains certain forward-looking information
and forward-looking statements (collectively, "forward-looking
information") within the meaning of applicable securities laws.
Forward-looking information includes, but is not limited to,
statements concerning expectations, beliefs, plans, goals,
objectives, assumptions and statements about possible future
events, conditions, and results of operations or performance.
Forward-looking information may contain statements with words or
headings such as "financial expectations", "key assumptions",
"anticipate", "believe", "expect", "plan", "will", "outlook",
"should" or similar words suggesting future outcomes. This news
release contains forward-looking information relating, but not
limited to, the success of our business, our operations, priorities
and plans, and anticipated financial and operational performance,
including with respect to anticipated supply chain efficiencies for
our customers and our ability to grow our transload business unit,
anticipated future capital investments, anticipated future demand
for multi-commodity transload services and logistics solutions, and
anticipated timely performance by third parties including TYT Group
of their contractual obligations to CP.
The forward-looking information contained in this news release
is based on current expectations, estimates, projections and
assumptions, having regard to CP's experience and its perception of
historical trends, and includes, but is not limited to,
expectations, estimates, projections and assumptions relating to:
North American and global economic growth; commodity demand growth;
sustainable industrial and agricultural production; commodity
prices and interest rates; performance of our assets and equipment;
sufficiency of our budgeted capital expenditures in carrying out
our business plan; our ability to complete our capital and
maintenance projects; applicable laws, regulations and government
policies; the availability and cost of labour, services and
infrastructure; market demand for CP's services; our ability to
maintain our relationships with key third parties; the satisfaction
by third parties of their obligations to CP; the anticipated
impacts of the novel strain of coronavirus (and the disease known
as COVID-19). Although CP believes the expectations, estimates,
projections and assumptions reflected in the forward-looking
information presented herein are reasonable as of the date hereof,
there can be no assurance that they will prove to be correct.
Current conditions, economic and otherwise, render assumptions,
although reasonable when made, subject to greater uncertainty.
Undue reliance should not be placed on forward-looking
information as actual results may differ materially from those
expressed or implied by forward-looking information. By its nature,
CP's forward-looking information involves inherent risks and
uncertainties that could cause actual results to differ materially
from the forward looking information, including, but not limited
to, the following factors: changes in business strategies; general
North American and global economic, credit and business conditions;
risks associated with agricultural production, such as weather
conditions and insect populations; the availability and price of
energy commodities; the effects of competition and pricing
pressures; industry capacity; shifts in market demand; changes in
commodity prices; uncertainty surrounding timing and volumes of
commodities being shipped via CP; inflation; geopolitical
instability; changes in laws, regulations and government policies,
including regulation of rates; changes in taxes and tax rates;
potential increases in maintenance and operating costs; changes in
fuel prices; uncertainties of investigations, proceedings or other
types of claims and litigation; labour disputes; risks and
liabilities arising from derailments; transportation of dangerous
goods; timing of completion of capital and maintenance projects;
currency and interest rate fluctuations; effects of changes in
market conditions and discount rates on the financial position of
pension plans and investments; trade restrictions or other changes
to international trade arrangements; climate change; and various
events that could disrupt operations, including severe weather,
such as droughts, floods, avalanches and earthquakes, cybersecurity
attacks, as well as security threats and governmental response to
them, and technological changes; and the pandemic created by the
outbreak of the novel strain of coronavirus (and the disease known
as COVID-19) and resulting effects on economic conditions, the
demand environment for logistics requirements and energy prices,
restrictions imposed by public health authorities or governments,
fiscal and monetary policy responses by governments and financial
institutions, and disruptions to global supply chains. The
foregoing list of factors is not exhaustive. These and other
factors are detailed from time to time in reports filed by CP with
securities regulators in Canada
and the United States. Reference
should be made to "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations -
Forward-Looking Information" in CP's annual and interim reports on
Form 10-K and 10-Q.
The forward-looking information contained in this news release
is made as of the date hereof. Except as required by law, CP
undertakes no obligation to update publicly or otherwise revise any
forward-looking information, or the foregoing assumptions and risks
affecting such forward-looking information, whether as a result of
new information, future events or otherwise.
About Canadian Pacific
Canadian Pacific is a transcontinental railway in Canada and the U.S. with direct links to major
ports on the west and east coasts. CP provides North American
customers a competitive rail service with access to key markets in
every corner of the globe. CP is growing with its customers,
offering a suite of freight transportation services, logistics
solutions and supply chain expertise. Visit cpr.ca to see the rail
advantages of CP. CP-IR
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SOURCE Canadian Pacific