22 February 2011

Port Metro Vancouver and Canadian Pacific Announce Productivity and Performance Agreement

Vancouver British Columbia - North American railroad Canadian Pacific and Port Metro Vancouver (PMV) today announced a collaboration agreement to improve productivity and performance through Canada's Pacific Gateway. The Port and CP believe that greater collaboration and accountability among supply chain partners is the key to more efficient and reliable trade through the Gateway.
 
This collaboration agreement sets the framework for the Port, CP, and port stakeholders to develop mechanisms to define, measure, monitor, and evaluate the performance of each participant at the port against established benchmarks. It also establishes processes to proactively communicate on service-related matters and resolve disputes between CP, the Port, and port supply chain participants on a commercial basis.
 
"I am pleased that we were able to work collaboratively with CP on this important agreement," said Robin Silvester, Port Metro Vancouver's President and Chief Executive Officer. "With an emphasis on reciprocal accountability, our agreement will further improve competitiveness and optimize the performance of the Vancouver Gateway."
 
"This collaboration agreement strengthens our partnership with Port Metro Vancouver in our biggest Gateway, setting the stage for a cross-supply chain collaboration that improves performance and service of the Pacific Gateway," said CP Executive Vice-President and Chief Marketing Officer Jane O'Hagan. "CP strongly believes in the growth opportunities that underpin the Vancouver Gateway."
 
This is the fourth collaboration agreement announced by Canadian Pacific in the past 12 months. Forty percent of all the freight traffic moved by Canadian Pacific passes through Port Metro Vancouver.