Canadian Pacific (NYSE: CP) and Maersk have agreed to build a “world-class” transload and distribution facility at CP’s intermodal facility in Vancouver, British Columbia, that will be ready to serve customers in 2021.
As part of the agreement, CP will shuttle the containers of Maersk’s customers to and from the ocean terminals at the Port of Vancouver. The arrangement “will rely on the substantial use of rail instead of truck in the Vancouver market,” the parties said.
The new multicommodity...