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Following CP's successful return to Atlantic Canada, Government of Canada and Province of New Brunswick announce critical supply chain investment for Port Saint John and New Brunswick Southern Railway
Following CP's successful return to Atlantic Canada, Government of Canada and Province of...
About this update from Canadian Pacific Kansas City Limited
[{"type":"text","content":"\n \n \n \n Following CP's successful return to Atlantic Canada, Government of Canada and Province of New Brunswick announce critical supply chain investment for Port Saint John and New Brunswick Southern Railway\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n May 25, 2022\n \n /CNW/ - Canadian Pacific (TSX: CP) (NYSE: CP) today applauded the announcement made by the Government of\n \n Canada\n \n and the Province of\n \n New Brunswick\n \n to invest in additional capacity expansion at Port Saint John. The need for additional capacity at Port Saint John is driven by CP's successful return to\n \n Atlantic Canada\n \n through our acquisition of the\n \n Central Maine\n \n and Quebec Railway, which now connects\n \n Atlantic Canada\n \n to\n \n Montreal\n \n ,\n \n Toronto\n \n and the U.S. Midwest with a more seamless route operated by a Class 1 railway that is 200 miles shorter than other shipping options.\n \n \n \"CP is excited to be back in\n \n Atlantic Canada\n \n and proud of the much-needed competition our return has brought to the freight transportation market in\n \n New Brunswick\n \n ,\" said\n \n Keith Creel\n \n , CP President and CEO. \"The additional investment announced today by the federal government and the Province of\n \n New Brunswick\n \n will make a significant impact for Port Saint John and for\n \n Canada's\n \n supply chains. The funding will bring Port\n \n Saint John's\n \n capacity up to 800,000 TEUs, almost tripling the Port's existing capacity.\"\n \n \n CP also applauds the Government of\n \n Canada's\n \n decision to invest in improving the rail infrastructure along the New Brunswick Southern Railway, a critical link between Port Saint John and CP's North American rail network via the\n \n Central Maine\n \n and Quebec Railway (CMQ).\n \n \n \"We are proud to be working closely with Port Saint John, DP World, J. D. Irving and the New Brunswick Southern Railway - building momentum in\n \n Atlantic Canada\n \n ,\" added Creel. \"This strategic investment will help to impro...