Canadian Pacific Kansas City said October 28 it had signed a five-year agreement with Elk Valley Resources that expands the railway's share of the miner's steelmaking coal shipments to Canada's West Coast.
The agreement takes effect January 1, 2027. It covers rail service from Elk Valley Resources' four British Columbia steelmaking coal mines to Westshore Terminals and Neptune Terminals in Vancouver, according to CPKC's announcement.
CPKC said the arrangement would let it carry a larger portion of those shipments directly to the export terminals. The railway identified Elk Valley Resources as its largest coal customer.
The release did not disclose the agreement's financial value, a minimum shipment commitment or the size of the increase in CPKC's share. Its expectation of higher network volumes is a forecast.
The Calgary-based railway operates a network connecting Canada, the United States and Mexico. The newly announced agreement concerns its Canadian coal export business and has a future effective date.
Sources - CPKC release via PR Newswire, carried by StockTitan: https://www.stocktitan.net/news/CP/cpkc-and-evr-renew-and-expand-rail-service-9a1g77fogl7c.html