GO replacing trains with buses along Stouffville line, January 22 evening
GO adjusting schedules for Lakeshore East trains, January 23 and 24
Cape Breton rail issue requires action
Malton GO Station: Temporary changes to station access, starting January 7
Brampton Transit revises services, starting January 4
GO suspending Niagara train service, January 9
Farmers concerned over rail demand following Keystone XL cancellation
Subway closes early, January 18 to 21: Finch to Eglinton
Canadian National ‘pleased’ as rail blockade ends
Eglinton - Crosstown LRT - Chaplin: Road closure, TTC detour, starting January 11
The latest purchase includes 393 route-km in Maine and Vermont and includes 92 route-km of railway leased from the Maine Department of Transportation. The acquisition provides CP with direct links to the Atlantic seaports of Searsport, Maine, and Port Saint John, New Brunswick. CP says these routes offer CP a 320km shorter route from the east coast to Montreal and Toronto than competing railways.
CMQ US and CMQ Canada will continue to operate in the United States and Canada as subsidiaries of CP. CP plans to invest $C 90m ($US 66.6m) over the next three years to bring CMQ rail infrastructure up to Federal Railroad Administration Class 3 standards.
The transaction takes the total length of CP’s network to over 20,900km, connecting the Atlantic coast with the Pacific coast via 11 US states and six Canadian provinces.
“This transaction is a generational business opportunity for CP,” says Mr Keith Creel, CP’s president and CEO. “It enables us to serve customers through a larger coast-to-coast network across Canada and brings a direct Class 1 freight-rail service to the State of Maine for the first time in decades. It is with great pride that I formally welcome CMQ’s US employees and customers to the CP family.”
The post CP completes Central Maine & Quebec Railway acquisition appeared first on International Railway Journal.
This article first appeared on www.railjournal.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2021 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.