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For the next three years, Canadian Pacific Railway Ltd. and Yang Ming Marine Transport Corp. will team up in North America via the Port of Vancouver. The two transportation companies announced a three-year agreement on May 31.
Starting in 2020, Canadian Pacific will handle all of Yang Ming’s transport business in Vancouver. The agreement also provides synergies across THE Alliance, as Hapag-Lloyd, Ocean Network Express and Yang Ming will be moving on Canadian Pacific out of Canada’s Global Container Terminal’s Deltaport.
“On behalf of the 13,000-strong CP family, I would like to offer a warm welcome to Yang Ming,” said Canadian Pacific President and CEO Keith Creel. “We are proud to be selected as Yang Ming’s Canadian rail carrier, and we look forward to a long and successful relationship.
“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 broader economy.”
The post Canadian Pacific, Yang Ming agree on three-year deal appeared first on Railway Track and Structures.
This article first appeared on www.rtands.com
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