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Port of Trois-Rivières: Dynamic port – dynamic community

Port of Trois-Rivières: Dynamic port – dynamic community

In 2018, after a decade of modernization projects, Port of Trois-Rivières commissioned an independent research firm to conduct a public survey in Trois-Rivières. This was a first for the Port which aimed to assess the citizens’ views and better understand their perception of the port facilities, and their vision for its future. (more…)

Port of Trois-Rivières: On Course for 2030 – Generating growth through innovation and collaboration

Port of Trois-Rivières: On Course for 2030 – Generating growth through innovation and collaboration

Record traffic

One year after the unveiling of the On Course for 2030 development plan, Port of Trois-Rivières has already implemented several initiatives that will lead it to its goal of “Being an innovative urban port, generating growth, at the heart of a competitive supply chain.”

The first months of 2019 were marked by the announcement of a record year for 2018. A total of 3.9 million metric tons (MMT) of goods were handled, an increase of 47 per cent over 2017 and a new record surpassing the 3.7 MMT achieved in 2014. The Port’s facilities, modernized as part of the On Course for 2030 development plan, delivered their full potential in 2018, thus contributing to the achievement of this cargo handling record. (more…)

CN and CP announce third quarter results

It seems that Canada’s two national railways keep on producing never-ending record performances. Although both carriers expressed caution about the immediate future, both produced very respectable third quarter results.

During the quarter, CN’s revenues increased by 3.9 per cent to $3.8 billion. Operating expenses, as a percentage of revenues, decreased from 59.5 per cent to 57.9 per cent, as a result of which operating income rose by 8.1 per cent to $1.6 billion. Cash flow from operations increased to $1.69 billion from $1.56 billion, but “free” cash flow, the amount remaining from operating cash flow after subtracting net investments made during the quarter and dividends paid to investors, declined to $315 million from $508 million, because of unusually large capital expenditures. From Jan 1 to Sept 30, CN spent $1.26 billion repurchasing its own shares, a reduction from the $1.52 billion spent during the same period in 2018, and paid $1.16 billion in dividends, an increase of $159 million over 2018. (more…)

Port of Trois-Rivières: Developing the waterfront – Balancing economic, environmental and social objectives

Port of Trois-Rivières: Developing the waterfront – Balancing economic, environmental and social objectives

One of the flagship projects of On Course for 2030 is the development of the waterfront. Indeed, like many ports around the world, Port of Trois-Rivières aims to turn over part of its facilities for commercial, residential and recreational tourism purposes, to consolidate the historical link and harmonious co-existence between the port and the city. (more…)

Sept-Îles marks major milestone as record cruise season comes to a close

It has been a banner year for Destination Sept-Îles Nakauinanu. After an impressive spring earning international recognition at the Cruise Insight Awards in Miami and an award at the Gala du Mérite Nord-Côtier, the cruise development organization now marks the end of its tenth season of international cruises with record visitor numbers and plans for a new permanent welcome pavilion in the works. (more…)

DHL Express invests $100 million to expand its gateway at Hamilton’s John C. Munro International Airport

DHL Express announced its latest gateway expansion in Canada: a new $100 million facility at Hamilton’s John C. Munro International Airport. This new facility will replace its existing one to meet double-digit growth in shipment volumes. “Hamilton International Airport offers us the benefits that we need to meet our growing demands in handling capacity,” said Andrew Williams, CEO of DHL Express Canada. “With 24-hour landing capability, dedicated onsite Canada Border Services Agency representation and the ability to grow in the future with a partner positioned to become the cargo hub of Ontario, we know this is the best decision to continue leading the market.” (more…)