Freight

Pacer and UP enter into multi-year agreement

Pacer International, Inc., a North American freight transportation and global logistics services provider, has entered into a multi-year agreement to arrange, manage and provide intermodal freight transportation services for both automotive parts and freight-all-kinds shipments between the U.S., Mexico and Canada for Union Pacific.

CP’s McQuade retires, Grassby named SVP/CFO

Canadian Pacific appointed Brian senior vice–president and chief financial officer (CFO) effective November 1, 2012. Kathryn McQuade has informed the company she will retire from the role of CFO on that date.

Union Pacific acquires Oklahoma line

Union Pacific Railroad acquired complete ownership of a rail line in Oklahoma three decades after state officials saved what continues to be a link of commerce through the Sooner State.