Claude Mongeau, CN president and chief executive officer, said: "The Port of Montreal is a leading gateway for freight traffic moving between North America's industrial heartland and northern European and Mediterranean markets. Our MOU with the port authority establishes the framework to develop greater supply chain efficiencies and to grow our share of freight traffic moving between Europe and markets in Ontario and the U.S. Midwest.
"The agreement flowing from this MOU will fulfill CN's objective of reaching supply chain collaboration pacts with all of Canada's major east coast and west coast ports. We believe these agreements - driven by commercial principles and stakeholder cooperation - will bolster the competitiveness of these important maritime gateways and enhance the competitiveness of our customers in global markets."
Sylvie Vachon, president and chief executive officer of the MPA, said: "The unique intermodal configuration that allows trains to be organized dockside, directly at the terminals, is a major asset for the Port of Montreal. This agreement sheds light on our shared commitment to preserve this competitive advantage by continuously working to improve the port's rail service for the benefit of our clients.
"There is no doubt that this agreement will help strengthen the Port of Montreal's position as the market leader in the North Atlantic, but it will also confirm the status of the port as an intermodal gateway serving global markets."
