Fastfrate and CPKC Renew Partnership to Boost North American Logistics

New investments in gate technology and container yards mark Fastfrate Group’s expanded partnership with CPKC.

Fastfrate Group has renewed and expanded its partnership with Canadian Pacific Kansas City (CPKC) through a new five-year agreement that promises operational improvements, infrastructure investments and service expansion across North America. This deal strengthens Canada Drayage Inc. (CDI), a Fastfrate Group company, as the foremost drayage provider in Canada and North America for CPKC.

A history of collaboration

“Fastfrate and CPKC have had a successful and collaborative partnership for the past 58 years,” Ron Tepper, Fastfrate Group Executive Chairman, remarked. He further highlighted the significant opportunities this renewed collaboration brings, especially with expansion prospects into the US and Mexico. This partnership is poised to offer comprehensive services benefiting both Fastfrate, CPKC and their clientele.

Jonathan Wahba, CPKC’s Senior Vice President of Sales & Marketing, Bulk & Intermodal Cargo, expressed enthusiasm for the expanded relationship with Fastfrate Group. “We are especially pleased to expand our relationship with Canada Drayage Inc. and enhance the service we provide to our shared customers by creating an industry-first private gate, complete with CPKC’s FastPass entrance, at both our Toronto and Montreal intermodal terminals.”

Infrastructure and service enhancements

The agreement involves both Fastfrate Group and CPKC making substantial investments in gate technology, facilitating swift access for CDI at CPKC’s Toronto and Montreal facilities. Furthermore, Fastfrate Group will dedicate 15 acres next to CPKC’s Toronto intermodal facility, investing CAD10 million in developing a new container yard and a pre-pull yard. These initiatives are designed to improve the efficiency and fluidity of shipping operations.

Expanding rail services between Canada and mexico

Fastfrate Group commits to promoting CPKC’s direct rail service linking Canada and Mexico and their Intermodal LTL service, planning to invest in 400 containers over two years to meet the increasing demand for the Mexico Midwest Express service.

Manny Calandrino, CEO of Fastfrate Group, cited geopolitical, economic and environmental factors as driving forces behind the increasing interest in Mexico as a key hub for manufacturing, assembly and distribution. “As a result, demand for North-South transportation services will outpace the industry and our agreement with CPKC uniquely positions us to become the market leader in this space,” he added.

Supporting road-to-rail conversion

Wahba underscored the significant opportunities for road-to-rail conversion presented by the Mexico Midwest Express service. “Fastfrate’s co-location with CPKC terminals in Canada, private gates, considerable drayage capabilities and extensive expertise working directly with our railroad uniquely position them to win in this marketplace,” said Wahba

Broadening service offerings

The partnership not only benefits CDI and Fastfrate’s LTL business but also extends to Fastfrate’s recent acquisition, Challenger Motor Freight, enhancing their service offerings, particularly for the automotive parts sector. Jim Peeples, CEO of Challenger Motor Freight, noted the environmental, financial and operational advantages of rail transport for the automotive industry and anticipates a surge in demand for rail-based logistics solutions.

Also read: 

Header Image from FreepikPress release link:

https://www.prnewswire.com/news-releases/fastfrate-group-and-cpkc-extend-long-term-agreement-to-connect-canada-the-united-states-and-mexico-302071835.html

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Step Into Tomorrow: Explore the Wonders of InnoEX 2024 in Hong Kong

In the bustling city of Hong Kong, where over seven million people reside, the call for smarter, more livable cities is louder than ever. This April, the Hong Kong Trade Development Council (HKTDC) steps up to answer that call with the InnoEX and the landmark 20th edition of the HKTDC Hong Kong Electronics Fair (Spring Edition) (EFSE). Backed by the visionary efforts of the HKSAR Government Innovation, Technology and Industry Bureau and the HKTDC, these tech expos are set to feature the latest and greatest innovation from over 3000 exhibitors from more than 20 nations and regions. 

Cloud Software Group and Microsoft Forge Strategic Cloud and AI Partnership

Cloud Software Group Inc. and Microsoft Corp. have announced an expansion of their long-standing collaboration through an eight-year strategic partnership. This partnership aims to strengthen the go-to-market collaboration for the Citrix virtual application and desktop platform and facilitate the development of new cloud and AI solutions. As part of the agreement, Cloud Software Group will commit US$1.65 billion to Microsoft’s cloud services and generative AI capabilities.

The Best 4 Hardware Crypto Wallets of 2024

After a long crypto winter since the spring of 2022, the crypto world has been buzzing with activity recently. In January, the U.S. saw the approval of Bitcoin ETFs; on March 14, Bitcoin’s price soared to an all-time high of US$73,835—obviously, there is an upsurge in interest in the crypto market. 

SUNRATE Empowers B2B Transactions with Apple Pay Integration

SUNRATE, a global payment and treasury management platform for businesses, announced the integration of Apple Pay for its customers, offering a safer and more private payment method. This move leverages the advanced security features of the iPhone to protect transactions and aligns with the growing demand for seamless and secure business transactions.