CP highlights generational growth opportunity in meeting with New Brunswick Premier Blaine Higgs

Canadian Pacific reaffirmed its commitment to grow traffic at the Port of Saint John and stimulate economic growth and investment in New Brunswick at a meeting with Premier Blaine Higgs. With its purchase of the Central Maine & Quebec Railway, CP makes its return to Atlantic Canada with an exceptional growth opportunity. This expansion of CP’s network more directly and efficiently connects Atlantic Canada to Montreal, Toronto and the U.S. Midwest (Chicago, Minneapolis, Kansas City), creating a competitive transportation service that will support economic growth in New Brunswick and throughout Atlantic Canada. “The opportunities created by our return to the region are generational,” said Keith Creel, CP President and Chief Executive Officer. “We are excited about working with our customers and supply chain enablers in New Brunswick to grow the Port of Saint John, increase optionality and bring investment and economic development to the region. We look forward to safely and efficiently delivering for Atlantic Canada.” The Port of Saint John is a deep-water, congestion-free port on Canada’s Atlantic Coast with the ability to handle a variety of cargos including containers, automobiles, and bulk commodities. Together with the Port of Saint John, CP offers access to major North American markets via the EMRY and NBSR, and a compelling transportation service which will help drive economic growth and support the Port’s $205 million modernization project. “The return of CP is a game changing opportunity for not only Saint John and New Brunswick, but for all of Atlantic Canada,” said Premier Blaine Higgs. “This provides a competitive option for our region to access both domestic and international markets.”

-via Press Release


This article was posted on: August 7, 2020