Finance : Canadian Pacific To Build New Transload Terminal In Montreal

Canadian Pacific (NYSE: CP) plans to construct a new multi-commodity transload terminal near Montreal as part of its wider plans to reach eastern markets that are not very rail accessible. CP will work with TYT Group, a freight transportation service provider headquartered in Quebec, to develop transload services and logistics offerings to customers in eastern Canada, including urban areas and those without direct access to rail. TYT Group will operate the terminal, which will be located nearby CP's Côte Saint-Luc yard in Montreal.

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November 23, 2019 at 12:16AM