25.11.2019
Artikel Nummer: 29843
Shortline railroad changes ownership
Canadian Pacific (CP) will acquire the Central Maine & Quebec Railway (CMQ) from Fortress Transportation and Infrastructure Investors (FTAI). CMQ owns 774 km of rail lines primarily in Quebec (Canada) and Maine (USA).
The end-to-end transaction will provide CP customers with seamless, safe and efficient access to ports at Searsport, Maine and to Saint John, New Brunswick, via Eastern Maine Railway Company (EMRY) and New Brunswick Southern Railway (NBSR).
As part of the transaction, FTAI will retain ownership of Katahdin Railcar Services, a tank car cleaning and repair facility, and the contract to operate at a 20 km branch line at FTAI's Long Ridge Energy Terminal in Monroe County, Ohio (USA).