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
MONTREAL — Canadian Pacific (and the Montreal Port Authority (MPA) announced the signing of a collaborative agreement on performance and productivity that formalizes the railroad’s and the port’s ongoing supply chain collaboration. “This collaboration agreement continues to strengthen our long partnership with the Port of Montreal, setting the stage for a cross-supply chain collaboration that improves performance and service of the Continental Gateway,” said CP Executive Vice-President and Chief Marketing Officer Jane O’Hagan. “Our collaboration will create the most efficient and reliable routing for freight traffic moving between Europeand the American Midwest.” “This new service agreement reflects the commitment of the port and
CALGARY — Canadian Pacific was notified by the Canadian Auto Workers union (CAW) today that the Memorandum of Settlement reached on Feb. 5 by Canadian Pacific and the CAW has now been ratified by the membership. The renewal collective agreement, which covers Canadian Pacific’s mechanical services employees in Canada, is four years in duration, extending to the end of 2014.
CALGARY — The Board of Directors of Canadian Pacific Railway has declared a quarterly dividend of 27 cents per share on the outstanding Common Shares. The dividend is payable on April 25, 2011, to holders of record at the close of business on March 25, 2011, and is an eligible dividend pursuant to subsection 89(14) of the Income Tax Act.
VANCOUVER — Canadian Pacific and Port Metro Vancouver (PMV) announced a collaboration agreement to improve productivity and performance through Canada’s Pacific Gateway. The Port and CP believe that greater collaboration and accountability among supply chain partners is the key to more efficient and reliable trade through the Gateway. This collaboration agreement sets the framework for the Port, CP and port stakeholders to develop mechanisms to define, measure, monitor and evaluate the performance of each participant at the port against established benchmarks. It also establishes processes to proactively communicate on service-related matters and resolve disputes between CP, the Port and port supply chain