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Update: BHP Signs Rail Transportation Agreements With Canadian National Railway and Canadian Pacific Kansas City

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(Updates With BHP Canada news and share movement of CNR)

BHP Canada, unit of BHP, signed transportation agreements with Canadian National Railway (CNR.TO, CNI) and Canadian Pacific Kansas City (CP.TO, CP), to support the movement of potash from Jansen to Westshore Terminals in Vancouver, where it will be exported to global markets, it said on Thursday.

Under the agreements, both the rail carriers will operate unit trains between Jansen and Westshore Terminals. The initial term of the contracts is about four years, supporting Jansen Stage 1 production, with future arrangements to be aligned with the next phase of the project, it said.

This comes after Canadian National Railway said its propane export shipments from South Beamer, Alberta to Watson Island, British Columbia reached an "all-time monthly record for the corridor in May, while staying within the existing commercial arrangements."

Canadian National Railway noted this represents an increase in carloads of 40% compared to May 2025 and beats its previous monthly record from August 2024. The record was supported by train length optimizations, enhanced network efficiency, and strong execution across the corridor, enabling greater volumes of product to move reliably to the West Coast, CN added.

Shares of Canadian National Railway and Canadian Pacific Kansas City were last seen up 0.4% at $166.65, and up near 0.3% at $124.20, respectively, on the Toronto Stock Exchange.

Price: $166.70, Change: $+0.73, Percent Change: +0.44%

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