Saint John New Brunswick - Canadian Pacific (CP) today applauded the announcement made by the Government of Canada and the Province of New Brunswick 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 Atlantic Canada through our acquisition of the Central Maine & Quebec Railway (CMQ), which now connects Atlantic Canada to Montreal, Toronto, 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.
 
"CP is excited to be back in Atlantic Canada and proud of the much-needed competition our return has brought to the freight transportation market in New Brunswick. The additional investment announced today by the federal government and the Province of New Brunswick will make a significant impact for Port Saint John and for Canada's supply chains. The funding will bring Port Saint John's capacity up to 800,000 TEUs, almost tripling the Port's existing capacity," said Keith Creel, CP President and CEO.
 
CP also applauds the Government of Canada's 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 CMQ.
 
"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 Atlantic Canada. This strategic investment will help to improve the resiliency and competitiveness of Canada's export-driven supply chains, and combined with the increased competition generated by our return, help to transform Port Saint John into a truly global, premier trade gateway," added Creel.
 
CP announced in 2020 that it would invest $90 million over three years to upgrade the rail infrastructure along the CMQ, improving safety, efficiency, and resiliency.
 
CP also recently announced Hapag-Lloyd is making an additional seasonal vessel call to Port Saint John, further recognition of the Port Saint John's value.
 
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