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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Canadian Pacific Kansas City Limited | NYSE:CP | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.68 | -0.87% | 77.75 | 78.815 | 72.29 | 77.60 | 3,094,545 | 01:00:00 |
By Adriano Marchese
Canadian Pacific Kansas City has signed an agreement with multimodal logistics company Schneider National Inc. to provide new single-line intermodal transportation on its north-south corridor connecting the U.S. and Mexico.
The newly-combined Canadian railroad said Friday that Schneider would transition its Mexico-U.S. traffic to CPKC starting in mid-May and the new services is expected to create service in lanes that haven't had single-line, truck-competitive intermodal options in the past.
As part of the multi-year agreement, Schneider would serve as an anchor domestic intermodal customer on CPKC's north-south flagship service between Chicago and all major destinations south of the border in Mexico, Canadian Pacific said.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 21, 2023 09:30 ET (13:30 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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