Canadian Pacific And Canadian Tire Enter Agreement

Canadian Pacific and Canadian Tire Corporation, Limited (CTC) have entered a multi-year agreement to continue moving the retailer's goods in Canada. To support the efficient movement of CTC's goods and reduce carbon emissions, CP will begin directly serving Ashcroft Terminal in Ashcroft, BC, reducing the need to shift volumes to truck. The agreement builds on the more than 90 years of shared successes the companies have had efficiently servicing CTC's dealer and corporate stores. Furthermore, it establishes the ability for CTC to explore sourcing and optionality opportunities with CP's network reach.