Canadian Pacific Kansas City Signs Intermodal Services Deal With Knight-Swift
By Robb M. Stewart
Canadian Pacific Kansas City Ltd. has struck a multiyear agreement to provide truckload intermodal-transportation services on its single line north-south corridor across North America for Knight-Swift Transportation Holdings Inc.
The rail company said Knight-Swift's Mexico customer base will be able to leverage a broad network of rail lines and terminals to improve service reliability and competitiveness.
As Knight-Swift will transition its Mexico-U.S. traffic to Canadian Pacific starting in mid-May, Canadian Pacific said it will focus on growth between the Chicago, Texas and Mexico markets.
Canadian Pacific earlier this month finalized its combination with Kansas City Southern, creating a single-line railway connecting Canada, the U.S. and Mexico.
The company last week signed an agreement with multimodal logistics company Schneider National Inc. to provide single-line intermodal transportation on its north-south corridor.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
April 25, 2023 09:44 ET (13:44 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?
-
What’s the Difference Between the CPI and PCE Indexes?
-
5 Stocks to Buy That We Still Like After They’ve Run Up
-
Markets Brief: Stocks Are Starting to Look Cheap Again
-
Will Earnings From These 10 AI Stocks Live Up to the Hype?
-
What’s Happening In the Markets This Week
-
What the Next Bitcoin Halving Means for ETF Investors
-
Going Into Earnings, Is Microsoft a Buy, a Sell, or Fairly Valued?
-
PG&E Earnings: Near-Term Regulatory Certainty Supports Industry-Leading Earnings Growth
-
10 Best Blue-Chip Stocks to Buy for the Long Term
-
After Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?
-
ServiceNow Earnings: Strong Quarter With In-Line Guidance and Increasingly Attractive Valuation
-
Ford Earnings: Pro Continues to Impress While EV Costs Are Contained
-
Boeing Earnings: Paying for Mistakes Made Long Ago, Taking Back the Factory Floor
-
Meta Earnings: Stock Now Fairly Valued After Latest Selloff
-
March PCE Inflation Index Forecasts Show Mixed Readings On Price Pressures