Port of Montreal setting records on many fronts

Port of Montreal setting records on many fronts

The Port of Montreal continues to set records in virtually every sector of cargo activity. Moreover, it is generating greater economic benefits, creating more and more jobs, and making significant investments in its infrastructures to meet future growth.

The port handled a record 38.9 million tonnes of cargo in 2018, an increase of 2.3% over the previous year. It was a fifth consecutive record-tonnage year. The port moved unprecedented volumes of containerized and liquid bulk cargo, and enjoyed yet another record year in the cruise sector. (more…)

CargoM quietly driving trade and logistics initiatives to benefit the Montreal area

CargoM quietly driving trade and logistics initiatives to benefit the Montreal area

By Brian Dunn

The Transport Logistic conference and trade show is held every two years in Munich. It is billed as the largest show of its kind in Europe, attracting over 2,375 exhibitors from 63 countries and some 64,000 visitors from 125 countries with over 125,000 square metres of exhibition space. This year’s event was held June 4-7. To promote itself on a global scale, CargoM, the Logistics and Transportation Cluster of Metropolitan Montreal, organized a mission to the show. (more…)

CN and CP quietly posted strong financial results and enhanced their networks even as economic storm clouds gathered

CN and CP quietly posted strong financial results and enhanced their networks even as economic storm clouds gathered

By Alex Binkley

Canada’s two major railways have quietly gone about their business in the past year turning in strong financial performances and building up their networks even as economic storm clouds gather. They overcame wicked winter weather to record a record grain haul for the crop year ending July 31. As of September, they were still enjoying overall traffic increases of about two percent compared to the same period last year while American railroads were suffering traffic drops.

CN’s and CP’s financial and operating results for the second quarter ended June 30 were both records. CN revenues increased by nine per cent to $3.96 billion while CP rose 13 per cent to $1.98 billion compared to last year. The growth in grain shipments came despite the restrictions on Canadian canola exports to China. CN moved more than 27 million tonnes, bettering its previous best of 26 million tonnes set in 2016-2017. CP hauled 26.8 million tonnes breaking its record set last year. (more…)

Fednav celebrates its 75th anniversary

Fednav celebrates its 75th anniversary

By Brian Dunn

Considering how closely they are linked, it seems fitting that at the same time the St. Lawrence Seaway is celebrating its 60th anniversary, Fednav is celebrating 75 years in business. The company was founded in Toronto by Ernest Pathy on Sept. 7, 1944, as Federal Commerce & Navigation Co. Ltd., Ship Owners, Operators & Agents. Two years later, it bought its first vessel, Federal Pioneer, and began trading. On Jan. 1, 1984, Federal Commerce and Navigation merged with Fednav to become Fednav Ltd. (more…)