PRZOOM - /newswire/ -
Winnipeg, Manitoba, Canada, 2011/12/15 - North American railroad Canadian Pacific (TSX: CP)(NYSE: CP) and the Province of Manitoba today announced the signing of a 10-year memorandum of agreement to help improve the efficiency and effectiveness of the overall transportation system in Manitoba. TSX, NYSE: CP
The agreement sets the framework for the Province of Manitoba and CP to further develop their collaborative relationship to enable long-term rail and road planning for the City of Winnipeg, rural municipalities, and elsewhere in the province to proactively mitigate road and rail proximity issues, improve the efficiency of the overall supply chain, and identify opportunities and actions to support future growth.
"Canadian Pacific is focused on continuously improving service reliability, asset velocity and productivity," said CP's Jane O'Hagan, Executive Vice-President Marketing and Sales and Chief Marketing Officer. "This agreement extends the supply chain to include government. We applaud the Province of Manitoba for their vision in supporting a competitive, multi-modal transportation system."
"CP is an important supply chain partner for many shipping companies in Manitoba and we look forward to implementing this MOU to extend our collaborative relationship with CP in planning our future infrastructure and service needs," said Steve Ashton, Minister of Manitoba Infrastructure and Transportation. "CP is also a critical stakeholder in Manitoba's International Gateway Strategy of which the new inland port, CentrePort Canada, is a feature development to leverage our world class transportation infrastructure and services for growing Manitoba's economy."
The 10-year collaboration agreement also calls for long term plans to incorporate rail transportation logistics for the growth of CentrePort Canada, in Winnipeg.
This is the eighth collaboration/service level agreement recently completed between CP and supply chain partners.
About Canadian Pacific
Canadian Pacific (cpr.ca) operates a North American transcontinental railway providing freight transportation services, logistics solutions and supply chain expertise. Incorporating best-in-class technology and environmental practices, CP is re-defining itself as a modern 21st century transportation company built on safety, service reliability and operational efficiency.
Janet Weiss, Investment Community
T: 403-319-3591 / E: investor[.]cpr.ca.
Province of Manitoba:
Rachel Morgan, Cabinet Communications / 204-945-1494