(The Canadian Press circulated the following story on October 19.)
VANCOUVER — Canadian Pacific Railway and CN will work together to move freight more efficiently through the Vancouver port, the rail giants said Tuesday morning.
The new agreement will increase capacity on some track sections in the Vancouver area and improve service for shippers using the port, Canada’s largest and busiest, the companies said. Under the deal, CPR will use CN’s main line to access intermodal facilities at Fraser Surrey
Docks, the option for CPR to operate longer, heavier trains to Vancouver’s North Shore and several other reciprocal arrangements.
“This is a remarkable example of two highly competitive railways co-operating to solve a pressing demand for more efficient rail operations for shippers brought about by a rapid expansion in North American trade,” said Jim Foote, CN’s executive vice-president of sales and marketing.
Fred Green, CPR’s executive vice-president of operations and marketing, said the agreement will help shippers take advantage of the growing trade with Pacific Rim countries.
Canadian Pacific Railway (TSX:CP) is a transcontinental carrier operating in Canada and the United States, with 22,530 kilometres of rails.
Canadian National Railway Co. (TSX:CNR) spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico.