Canadian railroad giant CN, Western Stevedoring Company and several forest-products companies have reached a memorandum of understanding for seven-day-a-week unloading services at Western Stevedoring's Lynnterm Terminal at the Port of Vancouver in British Columbia.
The three party agreement among the railway, terminal and forest-products customers is designed to produce a more consistent flow of forest-products traffic through Lynnterm Terminal and help improve supply chain efficiencies at PMV, according to a release by the Canadian National Railway Company, or CN.
Financial details of the deal were not released.
Under the terms of the agreement, CN will provide daily service to Lynnterm Terminal, which, in turn, will guarantee to unload cars seven days per week. The forest-products companies will work with both CN and Lynnterm Terminal to manage inbound traffic flows, according to officials.
"I am pleased that the parties have collaborated on an innovative service plan that will generate productivity improvements and foster growth of traffic through this important Pacific Gateway terminal for forest products and other bulk commodities," said Claude Mongeau, CN president and CEO. "Working together in this manner will enhance supply chain performance."
Tim Chapman, president of the North Vancouver, BC-based Western Stevedoring agreed.
"Western is pleased to have been chosen by CN and our major forest-products shippers to work toward a cooperative agreement to improve the forest-products logistics chain and to define service expectations among the parties," said Chapman.
The 145-acre bulk and breakbulk Lynnterm Terminal features seven berths and eight warehouses comprising a total of more than 875,000 square feet. The terminal is service directly by CN and features 5.6 miles of track providing direct access to warehouse and storage area.
Friday, October 22, 2010
