CP, Canpotex Renew Contract
Written by William C. Vantuono, Editor-in-ChiefCanadian Pacific has entered into a new seven-year agreement with Canpotex Limited, a major exporter of Canadian potash. The contract, which runs through 2028, is a successor to the current, 10-year agreement, which expires in 2022.
CP said the agreement “further cements the long-standing relationship between the two companies and supports Canpotex’s future growth. As the leading carrier for export potash, CP allows Canpotex’s supply chain to be optimized efficiently and safely from mine to port terminals by leveraging CP,s service options and network capacity.”
CP is the primary rail transportation provider supporting delivery of Canadian potash to Canpotex’s overseas export markets.
“We are pleased to have entered into this agreement and incredibly proud to continue our successful relationship with Canpotex,” said Keith Creel, CP President and CEO. “Canpotex and CP are like-minded organizations, focused on asset utilization and efficiency. This long-standing relationship makes sense for us both. We look forward to the opportunity to continue serving Canpotex and supporting growth.”
“This new agreement will extend our long-standing relationship with CP, and will provide the safe and efficient rail service we depend on to reliably reach our customers in overseas markets,” said Gord McKenzie, Canpotex President and CEO.
