Canadian Pacific Launches Faster Toronto-Calgary Intermodal Service
CALGARY, AB Canadian Pacific (TSX: CP) (NYSE: CP) today announced it has launched a faster intermodal rail service between Toronto and Calgary to better serve customers in this key corridor. The new service offering cuts 20 hours from previous schedules.
Customers are taking advantage of CPs faster transit times in major intermodal corridors, and given Calgarys importance as a Canadian distribution hub, improving this service is the next logical step, said Jane OHagan, CPs executive vice president and chief marketing officer. We are helping our customers become more competitive in their own markets and offering previously unavailable options to business not currently shipping with CP.
OHagan added, CP is focused on its commitment to faster, more reliable service for its customers. The improved schedule is made possible by pairing efficient train design at origin while leveraging a CP advantage; the shortest rail route between Toronto and Calgary.
The 20-hour service improvement means the 3,400 kilometre distance from Toronto to Calgary will now take 64 hours.
Using similar practices last year, CP shortened schedules from Vancouver to Chicago and Vancouver to Toronto. Initiatives like these will continue to improve asset utilization while meeting customer demands for supply-chain improvements.