Vancouver Port Authority, CPR sign cooperation agreement

Vancouver Port Authority, CPR sign cooperation agreement    In a move designed to increase capacity in Asia-Pacific trade flowing through western Canada, the Vancouver Port Authority (VPA) and Canadian Pacific Railway (CPR) signed Thursday a cooperation agreement to work together on joint capacity development.
   The two organizations said they will advocate private sector investment in an integrated transportation system including marine, rail, road and air. They will also work to encourage and coordinate federal and provincial investment in Canada’s transportation network in local communities.
   Earlier this week CPR announced a C$160 million ($128 million) track expansion project to increase its capacity in western Canada by 12 percent, or more than 400 freight cars per day.