By Stephen Nakrosis

 

Canadian Pacific Railway Ltd. on Tuesday said it entered a new multi-year agreement with CMA CGM Group, under which it will become CMA CGM's primary rail provider in Canada.

The deal will see Canadian Pacific servicing the ports of Vancouver, Montreal and Saint John, N.B., the railroad said.

"This agreement also recognizes the future growth opportunities connected to CP's proposed combination with the Kansas City Southern, which remains subject to approval by the Surface Transportation Board," the railroad said.

CMA CGM, based in Marseille, France, is one of the world's largest container transportation and shipping companies. The company said it operates in over 160 countries.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

May 31, 2022 11:58 ET (15:58 GMT)

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