Canadian Pacific announces contract extension with Canadian Tire Corporation
Canadian Pacific and Canadian Tire Corporation, Limited (CTC) announced a multi-year agreement to continue moving the retailer’s goods in Canada.
“CP is proud to continue our near-century-long commercial relationship with Canadian Tire, another iconic Canadian brand,” said Keith Creel, President and CEO, Canadian Pacific. “As the single largest container importer in Canada, CTC will benefit from CP’s leading service, reliability and network capacity across Canada.”
To support the movement of CTC’s goods and reduce carbon emissions, Canadian Pacific will begin directly serving Ashcroft Terminal in Ashcroft, B.C., reducing the need to shift volumes to truck.
“As we embark on our 100th year in business, we are pleased to continue working together with CP to ensure our products move efficiently across the country to meet our customers’ needs,” said Greg Hicks, President and CEO, Canadian Tire Corporation. “Our commitment to operate as a sustainable Canadian brand aligns to CP’s efforts to reduce greenhouse gas emissions by creating efficiencies in the supply chain, and we look forward to collaborating on further initiatives to reduce carbon emissions in Canada.”