CALGARY: Toronto-based Canadian Tire Corp has named Canadian Pacific Railway Ltd as its primary domestic container carrier.
The five-year deal, which is said to cover “the vast majority” of the hardware and automotive supply company’s Canadian container traffic, strengthens the long-existing business arrangement between the two companies, according to CP chief marketing officer and executive vice-president Jane O’Hagan.
“Our railway has been serving Canadian Tire, one of our largest intermodal customers, for more than eight decades and we will continue to execute on our solid operating plan to foster growth opportunities for both companies.”
Canadian Tire executive vice-president supply chain and technology, Pat Sinnott said that the company benefits greatly from rail transport.
“We rely on rail extensively to get our goods to market. Rail is the most efficient and sustainable way to move our products and CP is a trusted partner that will enable us to continue to deliver products reliably to over 1,700 Canadian Tire, Mark’s and FGL Sports retail locations across the country.”