Canadian Pacific Railway in Freight Agreement With A.P. Moller-Maersk
19 Ottobre 2020 - 11:21PM
Dow Jones News
By Stephen Nakrosis
Canadian Pacific Railway Ltd. on Monday said it entered a
strategic, multi-year rail agreement with A.P. Moller-Maersk to
move freight through the ports of Montreal and Vancouver.
The railroad company said the agreement furthers its Sept. 15
announcement concerning construction of a new transload and
distribution facility in Vancouver.
"The strategic relationship is expected to result in CP moving
Maersk traffic on March 1, 2021 and applies to both dry and
refrigerated cargo," the railroad said.
Keith Creel, Canadian Pacific's president and chief executive,
said, "Today's news coupled with the announcement of the Vancouver
transload facility back in September are evidence of the power of
our operating model, our people and of our shared commitment to
sustainable growth."
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
October 19, 2020 17:06 ET (21:06 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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