Railway company Canadian Pacific and marine terminal operator DP World Vancouver announced they have entered an agreement to further improve productivity and performance through Canada's west coast ports, Global Round Up reported.

"This agreement outlines a number of goals and specific actions such that all stakeholders in the supply chain can have measurable accountabilities," said Matt Hoag, CEO DP World Vancouver. "Over time we can measure performance changes, characterise best practices, and work cooperatively toward growth."

DP World Vancouver and CP will coordinate identification of available tools and processes for productivity improvements for railways, terminals, and shipping lines. This will include improved information systems that enhance the visibility and predictability of customer supply and demand.