CP extends multi-year contract with Canadian Tire

CALGARY, AB — Canadian Pacific and Canadian Tire have announced a multi-year agreement to continue moving the retailer’s goods in Canada.

“CP is proud to continue our near-century-long commercial relationship with Canadian Tire, another iconic Canadian brand,” said Keith Creel, CP president and CEO. “As the single largest container importer in Canada, CTC will benefit from CP’s leading service, reliability and network capacity across Canada.”

CP will begin directly serving Ashcroft Terminal in Ashcroft, BC, reducing the need to shift volumes to truck.

“CP has been one of our most trusted and long-standing partners, and played an important role in the Company’s early growth,” said Greg Hicks, Canadian Tire Corporation president and CEO. “As we embark on our 100th year in business, we are pleased to continue working together with CP to ensure our products move efficiently across the country to meet our customers’ needs. Our commitment to operate as a sustainable Canadian brand aligns to CP’s efforts to reduce greenhouse gas emissions by creating efficiencies in the supply chain, and we look forward to collaborating on further initiatives to reduce carbon emissions in Canada.”