CN, AltaGas Renew Long-Term Transportation Agreement
Written by Carolina Worrell, Senior Editor
Photograph Courtesy of CN, via Twitter
CN on Oct. 23 announced that it has renewed and expanded a five-year transportation agreement with utilities company AltaGas, leveraging the Class I railroad’s exclusive access to the Port of Prince Rupert.
The Port, CN says, “offers strategic advantages for rail customers expanding their business, including reduced port congestion, state-of-the-art export and import terminals, and materially shorter transit times to key markets.”
“CN is proud to support the Canadian economy and the growth of our customer AltaGas,” said CN President and CEO Tracy Robinson. “By selling into our capacity and taking advantage of our unique network reach, we are confident in our ability to accelerate sustainable, profitable growth.”
“AltaGas is pleased to solidify our renewed transportation agreement with CN,” said AtlaGas President and CEO Very Yu. “The agreement provides AltaGas and our customers with cost and service predictability to continue to support ongoing resource development across Western Canada and provide our key downstream customers with energy security to support economic activity and fuel everyday life.”
The investment, PRPA says, “promises to deliver critical trade infrastructure that will improve supply chain resiliency, strategic market access and enhanced competitiveness for Canadian exports.”
The project will also include an expansion of the existing Ridley Island Road Rail Utility Corridor that will facilitate unit trains 10,000 feet in length with direct access to the site from the CN network.
