Canadian Pacific seals relationship with CMA CGM
Canadian Pacific will become the primary rail provider at the ports of Vancouver, Montreal and Saint John for ocean carrier CMA CGM as part of a multiyear agreement, the railway announced Tuesday.
CP’s access to the ports of Vancovuer and Montreal, as well as CP’s connection to Port Saint John in New Brunswick via the New Brunswick Southern Railway, will help the railway move the majority of freight from CMA CGM to key Canadian and U.S. Midwest inland markets, CP (NYSE: CP) said.
“CP is proud to provide CMA CGM with safe and reliable service that includes the shortest route miles to key markets,” said CP Chief Marketing Officer John Brooks in a release.
CP’s acquisition of Kansas City Southern is still pending before the Surface Transportation Board. CP said Tuesday its agreement with CMA CGM recognizes future growth opportunities associated with the pending merger.
Related links:
Trinity Industries acquires rail logistics software platform
Railcar lessor Trinity Industries has acquired Quasar Platform, an end-to-end rail logistics software platform from Cando Rail & Terminals. The software provides real-time data to freight rail shippers and operators.
Trinity (NYSE: TRN) says the acquisition will enhance the technology products that are already part of the company through additional capabilities such as yard management, activity-based costing and new data visualization tools.
The acquisition closed last Thursday at an undisclosed sum. Quasar’s employees will stay on with the company as part of the transaction.
“This acquisition is an important enhancement to the Trinsight platform, as Trinity is committed to growing its services offering with new innovations to create deeper relationships with, and a better experience for, rail shippers,” said Trinity Chief Commercial Officer Gregg Mitchell in a release.
Related links:
Subscribe to FreightWaves’ e-newsletters and get the latest insights on freight right in your inbox.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now