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Rail News: Canadian Pacific
and Yang Ming Marine Transport Corp.
have signed a three-year agreement calling for the Class I to serve as the company's rail carrier out of the Port of Vancouver
."This agreement is a testament to our service, to our network capacity and room to grow at our inland terminals and to the tireless work we put in to understand our customers and create win-win solutions for the supply chain and the broader economy," CP President and Chief Operating Officer Keith Creel said yesterday in a press release.Effective Jan. 1, 2020, CP will handle all of Yang Ming's Vancouver traffic, which will be moved out of the Global Container Terminal's Deltaport.The agreement positions Yang Ming to connect with key North American customers due to CP's growing network of transload facilities, its live-lift operation at Portal, North Dakota, and its fast transit times between Vancouver and the Twin Cities, Chicago and beyond, CP officials said.