CN, Montreal PA tout port market

CN and the Montreal Port Authority have signed memorandum of understanding that they say commits them to “develop a best-practices vision for the gateway’s supply chain, improve productivity, and leverage these gains to increase their transportation market share.” They noted that “the Port of Montreal is a leading gateway for freight traffic moving between North America’s industrial heartland and northern European and Mediterranean markets.”

“The agreement flowing from this MOU will fulfill CN’s objective of reaching supply chain collaboration pacts with all of Canada’s major east coast and west coast ports,” said Claude Mongeau, CN president and chief executive officer. “We believe these agreements will bolster the competitiveness of these important maritime gateways and enhance the competitiveness of our customers in global markets.”

“There is no doubt that this agreement will help strengthen the Port of Montreal’s position as the market leader in the North Atlantic,” said Sylvie Vachon, president and chief executive officer of the MPA. “It will also confirm the status of the port as an intermodal gateway serving global markets.”