There has been a big upgrade in the Canadian shipping industry as Canadian Pacific Rail, one of the country’s largest shipping companies, announced that shipping times from Vancouver to Toronto, as well as times from Vancouver to Chicago, will be drastically reduced.
Shipping times from Vancouver to Chicago will be sliced from six days total to four days while times from Vancouver to Toronto will decrease from five days to four. The drastic improvement comes almost half a year after Pershing Square Capital Management LP CEO Bill Ackman helped remove CP Rail’s CEO Fred Green and declared that the company’s freight shipping would evolve into one of the best in the world.
The upgrade focuses mainly on Canadian Pacific’s transportation sector involving more than one form of carrier and is being accomplished by making fewer stops on shipping routes to be able to save in costs and becoming almost fifty percent faster than their biggest competitors.
The move underscores the massive comeback in popularity of the North American freight shipping business and attempts to have the industry ready to go full force as demand has risen and changes throughout the shipping infrastructure continue to take shape.
Everything seems to be falling into place for the Canadian shipping world and commercial trade appears poised to roll into 2013 ready to meet the highest expected demand in years.
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