VANCOUVER — Canadian Pacific and TSI Terminal Systems Inc. (TSI), a subsidiary of GCT Global Container Terminals Inc., announced the signing of a Service Level Agreement that they say builds on their productivity and performance agreement announced last June.
The agreement outlines key performance indicators relating to the flow of containers through the Vancouver Gateway. Meeting the performance indicators will improve productivity, enhance reliability, and increase efficiency. The agreement period is three years.
“This Service Level Agreement continues to move us along the path of a high performance, efficient and reliable supply chain to ensure thatVancouver is a preferred intermodal gateway.” said Michael E. Moore, President and Chief Executive Officer of Global Container Terminals. “Our partnership with CP and our commitment to collaborate on delivering high-level service to our mutual customers will ensure success.”
“Canadian Pacific’s customer focused partnerships, upgraded infrastructure, innovative technology and industry leading safety practices give us the means to grow our franchise over the long term,” said Fred Green, President and Chief Executive Officer of Canadian Pacific. “As import and export volumes grow through the Pacific Gateway, CP and TSI are mutually committed to service improvements in the world-class Vancouver gateway.”
TSI is the largest container terminal operator in Canada, handling more than 70 percent of the containerized cargo that moves through theVancouver gateway. This is the sixth collaboration agreement announced by Canadian Pacific in the past 12 months.