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Today, Canadian Pacific announced it reached a collaboration agreement with Port Metro Vancouver to improve productivity and performance through the Pacific gateway.

Forty percent of all freight traffic moved by CP passes through the port. The pact sets the framework for the Class I, port and supply-chain stakeholders to develop mechanisms that “define, measure, monitor and evaluate the performance of each participant at the port against established benchmarks,” CP officials said in a prepared statement. The agreement also establishes processes to improve communication on service-related matters and resolve disputes.

“With an emphasis on reciprocal accountability, our agreement will further improve competitiveness and optimize the performance of the Vancouver Gateway,” said Port Metro Vancouver President and Chief Executive Officer Robin Silvester.

Adds CP Executive Vice President and Chief Marketing Officer Jane O'Hagan: “This collaboration sets the stage for a cross-supply chain collaboration that improves performance and service.”