Forgot your account information?  |  Create a CME account

CP Rail, Canpotex sign transportation agreement

Published by Steve Coleman on January 23, 2012

Potash headed from Saskatchewan mines to international markets will have a major carrier to get it there for the next decade.

Canadian Pacific Railway and Canpotex, the international exporting and marketing agency for the province's potash production, have reached a 10year-agreement to carry the salt to market.

"Selection of CP to move the majority of our product to port is a reflection of the strength of our partnership and CP's ongoing commitment to efficiency in the supply chain and in helping to realize our growth objectives," said Steve Dechka, Canpotex's president and CEO in a news release.
CP trains will carry the ore to both the marketing agency's main terminal in Vancouver and American-bound shipments to Portland, Ore.

The bulk of the agreement has already led to better infrastructure, both north and west, for 10 Saskatchewan mines.

"By upgrading our network, and through the ongoing implementation of our long train strategy, CP is continuing to strengthen our world class potash supply chain," said CP's president and CEO Fred Green. "We are now running potash trains up to 170 railcars in length, further improving service, capacity and efficiency."

The 10-year agreement between CP and Canpotex comes into effect July 1.

Found in: news

National Office

Alberta British Columbia
Manitoba New Brunswick
Newfoundland & Labrador Nova Scotia
Ontario Québec
Prince Edward Island Saskatchewan