CP and TSI sign container port productivity agreement

Canadian Pacific and TSI Terminal Systems Inc. (TSI) announced Wednesday that they have entered into an agreement to speed the flow of containers through the Vancouver, British Columbia, gateway.

“This agreement moves us down the path of a high performance, efficient and reliable supply chain,” said Michael Moore, president and chief executive officer of TSI parent Global Container Terminals. “We will measure performance changes, share best practices, and work cooperatively toward growth for the benefit of our mutual customers.”

TSI handles more than 70% of the containerized cargo that moves through the Vancouver gateway.

TSI and CP will create working groups in operations, technology, and marketing to identify tools and processes for productivityimprovements and predictability of customer demand.

“This agreement will increase the efficiency and reliability of this major supply chain,” said CP President and CEO Fred Green. “Between 2001 and 2008, collaboration between terminal operators and CP has led to a 229% increase in loaded import containers through Canada’s Asia-Pacific Gateway terminals in Vancouver.”