Canada Markets closed

CP Rail secures deal to move Maersk freight through ports of Vancouver and Montreal

CALGARY — Canadian Pacific Railway Ltd. says it has secured an agreement with A.P. Moller-Maersk to move freight through the ports of Vancouver and Montreal.

The deal follows the announcement of a new transload and distribution facility to be built in Vancouver.

The strategic relationship will see the Calgary-based railway move Maersk dry and refrigerated cargo as of March 1.

No financial details about the agreement or transload facility were provided.

This report by The Canadian Press was first published Oct. 19, 2020

Companies in this story: (TSX:CP)

The Canadian Press