TAIWAN's Yang Ming and the Canadian Pacific Railway have signed a three-year agreement to move Yang Ming cargo to and from North America, via the Port of Vancouver.
Effective January 1, CP will handle all of Yang Ming's Vancouver traffic. CP's intermodal franchise has the lowest on-dock dwell and best on-time performance at the Port of Vancouver, ensuring faster end-to-end transits for shippers, said the CP press release.
"We are proud to be selected as Yang Ming's Canadian rail carrier, and we look forward to a long and successful relationship," said CP president and CEO Keith Creel.
With CP's growing network of transload facilities, its innovative live-lift operation at Portal, North Dakota, and the fastest transit times between Vancouver and the Twin Cities, Chicago and beyond, Yang Ming is well positioned to connect with North America.
Since 2016, CP has steadily increased its market share at Vancouver's Deltaport and will now become the largest rail provider at Canada's premier ocean terminal, said the CP statement.
The agreement also provides synergies across THE Alliance, as Hapag-Lloyd, Ocean Network Express (ONE) and Yang Ming will now be moving, in whole or in part, on CP out of Canada's largest and most important ocean terminal, Global Container Terminal's (GCT) Deltaport.