CP RAILWAY, CONSOLIDATED FASTFRATE SIGN 10-YEAR $400 MILLION CONTRACT
The Canadian Pacific Railway and Consolidated Fastfrate have signed a 10-year, $400 million contract to offer combined rail and truck service for less-than-truckload freight throughout Canada, the United States and Mexico, using intermodal containers for the rail haul.
Consolidated Fastfrate will provide seamless LTL service for the CPR intermodal group, and CP Railway will be Consolidated Fastfrate’s exclusive provider of rail-based intermodal service. The two companies expect the contract will lead to a 25-percent increase in the value of LTL transportation business for the CP Railway.