And I think that accelerates as you move into 2022 as these issues persist,” Brooks said. … We’re starting to see some … better momentum in terms of those opportunities. For example, one situation CP has looked at is determining what would happen if a vessel eliminated a trip to Seattle-Tacoma after stopping at Vancouver in order to quicken the vessel’s turn back, he said. “Now that this has continued on - I think most expect will bleed into 2022 - I would say those discussions are accelerating.”ĬP ( NYSE: CP) has been working with the steamship lines to potentially reconfigure some of the boats in terms of where or how they load, Brooks said.
“Many of the steamship lines were apprehensive to make, or attempt to make, massive changes in terms of their flows, hoping that this would be fairly short term in nature,” said CP Chief Marketing Officer John Brooks in a call with transportation analysts. With congestion at the ports of Los Angeles and Long Beach poised to extend into 2022, Canadian Pacific is seeking opportunities among customers and even with the steamship lines to divert traffic to western Canada and Atlantic Canada ports, CP’s executives said during the railway’s third-quarter earnings call on Wednesday. The Forum at FreightWaves LIVE (Fall 2019).Evolve: The Next Evolution of Oil & Gas.Podcasts: FreightWaves FreightCasts Network.