Canadian Pacific in Multi-Year Agreement with CMA CGM
May 31 2022 - 11:13AM
Dow Jones News
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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