CALGARY, Jan. 14, 2013 /CNW/ - Canadian Pacific (TSX:CP)(NYSE:CP) today
announced the opening of its new Intermodal Facility at Saskatchewan's
Global Transportation Hub (GTH) in Regina.
The larger and more efficient facility, located on a 300-acre industrial
footprint, is strategically positioned adjacent to CP's mainline
between Regina and Moose Jaw and increases capacity and service
reliability for intermodal customers with enhanced and more competitive
services.
"Through clients like CP, the GTH is stimulating economic development
through new jobs, private-sector investment and enhanced access to
global supply chains." Minister Responsible and Chair of the Board of
Directors of the GTH the Hon. Bill Boyd said. "As an integral part of
the Asia-Pacific Gateway the GTH is a timely opportunity for new
business and investment."
"The actual concept and development of the GTH began over five years ago
and was predicated on CP relocating its Intermodal Facility from
downtown Regina to our current site," says Chris Dekker, President and
CEO of the GTH. "Today, as an anchor client of the GTH, we
congratulate CP on completing its transition to our site and for its
continued commitment to Saskatchewan's unprecedented new growth and
development."
The new intermodal facility is designed to process up to 250,000
container handlings per year or five times more container handlings per
year when compared to CP's former Regina terminal.
"The opening of the new intermodal terminal will contribute to CP's
commitment to supporting further growth with our customers and
improving supply chain efficiency in the region," said Jane O'Hagan,
Executive Vice President & Chief Marketing Officer. "This new facility,
along with CP's 10 other intermodal locations, will enhance our
competitive access to key North American and world market."
Canadian Pacific joins Loblaw, Consolidated Fastfrate (CFF) and the
Yanke Group of Companies in locating to the GTH, which encompasses
about 1,700 acres of serviced land.
O'Hagan added the Global Transportation Hub is a positive extension of
the railway's co-location strategy. "CP's co-location strategy
positions key customer distribution centres adjacent to high-capacity
intermodal facilities to drive superior efficiencies and service
levels. The GTH will offer these same advantages to the Saskatchewan
market."
Intermodal trains move a wide variety of international and domestic
products - ranging from consumer products like electronic, clothing and
furniture to auto parts and agricultural specialty crops such as peas,
beans, lentils, soya beans and alfalfa.
About Canadian Pacific
Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in
Canada and the United States with direct links to eight major ports,
including Vancouver and Montreal, providing North American customers a
competitive rail service with access to key markets in every corner of
the globe. CP is a low-cost provider that is growing with its
customers, offering a suite of freight transportation services,
logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of Canadian Pacific.
SOURCE: Canadian Pacific
