CP's new intermodal facility in Saskatchewan's Global Transportation Hub now
CALGARY, Jan. 14, 2013
CALGARY, Jan. 14, 2013 /PRNewswire/ - 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
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
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