Canadian Pacific Railway, Canpotex Ink New Long-Term Agreement

Canadian Pacific Railway Ltd (NYSE:CP) entered a new long-term agreement with Canpotex Limited. The new seven-year contract is a successor to the current, 10-year agreement between the companies, which expires in 2022. Deal terms were not disclosed.
CP is the primary rail transportation provider supporting delivery of Canadian potash to Canpotex's overseas export markets.
CP allows Canpotex's supply chain to be optimized efficiently and safely from mine to port terminals by leveraging its service options and network capacity.
Price Action: CP shares traded lower by 0.05% at $71.74 in the last check Thursday.