APMT signs contract with Volvo

APM Terminals Inland Services, South Asia entered into an agreement with Volvo Cars to provide the automobile manufacturer with a warehouse facility in Chennai for fully-assembled automobiles imported from Sweden.

CP projects 12% drop in Q2 revenues

The Calgary-based Class I railroad cited lower-than-anticipated bulk volumes, the devastating wildfires in northern Alberta and a strengthening Canadian dollar as the primary reasons for the downward revision in earnings expectations.