Canadian Pacific, DP World Vancouver sign productivity '&' performance agreement

Calgary - June 24, 2010 (WAM)- Railway company Canadian Pacific (TSX/NYSE: CP) and marine terminal operator DP World Vancouver yesterday announced they have entered an agreement to further improve productivity and performance through Canada's west coast ports.
"This agreement outlines a number of goals and specific actions such that all stakeholders in the supply chain can have measurable accountabilities," said Matt Hoag, CEO DP World Vancouver.
"Over time we can measure performance changes, characterise best practices, and work cooperatively toward growth." DP World Vancouver and CP will coordinate identification of available tools and processes for productivity improvements for railways, terminals, and shipping lines. This will include improved information systems that enhance the visibility and predictability of customer supply and demand.
"This agreement will increase the efficiency and reliability of this major supply chain," said CP President and CEO, Fred Green.
"Between 2001 and 2008 collaboration between terminal operators and CP has led to a 229% increase in loaded import containers through Canada's Asia-Pacific Gateway terminals in Vancouver." Ongoing discussions between DP World Vancouver and CP are opening up additional opportunities for improvement in the performance of the supply chain, creating further growth in container traffic through Centerm in Vancouver. – Emirates News Agency, WAM