CP Rail is entering into a deal to purchase the Central Maine & Quebec Railway from current owner Fortress Transportation and Infrastructure Investors. The acquisition will give CP an additional 481 miles of rail lines in Quebec and Maine, and include direct access to its first deep-water east coast port in Saint John, New Brunswick, via New Brunswick Southern Railway. The connection reflects CP’s recent efforts to boost their presence on the east coast while increasing its competitiveness while giving shippers a second option for inland intermodal cargo.
