6.6 C
London
Thursday, March 28, 2024

Canadian Pacific agrees potash freight deal

Listen to this article

Canadian Pacific (CP) has signed a deal with a mineral mining company to transport potash out of a new site in western Canada to the coast.

More than $4 billion is being invested in the initial phases of K+S Potash Canada’s Legacy Site near Moose Jaw in Saskatchewan.

Production of potash – a mineral commonly found in plant fertiliser products – is set to begin in 2016.

The partnership will require, CP to build a dedicated link from the current rail network to the Legacy Site.

CP president and chief operating officer Keith Creel said: “Canadian Pacific is extremely pleased to be a partner with K+S Potash Canada in providing the capability to move potash to market via our rail-direct network.

“The capacity, flexibility and market access of CP’s network on our Western corridor, as well as efficient route options into the United States, ensures a growth opportunity for both companies.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Rail News

Andrew Haines looks back on five years of CP6

As Control Period 6 (CP6) comes to a close on 31 March, Network Rail is taking a look back...

More like this...