Canadian Pacific announced Wednesday, Nov. 20 that it has come to an agreement that would result in the Class I carrier acquiring the Central Maine & Quebec Railway (CM&Q).
Financial terms of the acquisition were not disclosed in a news release announcing the deal.
CP’s purchase from Fortress Transportation and Infrastructure Investors LLC now gives the carrier trackage and facilities from St. Jean, Quebec, Canada, to Searsport, Maine, and is expected to close by the end of the year.
SMART Transportation Division represents 52 members on the CM&Q in the Transportation, Mechanical and Engineering Departments who belong to GO-049, which is represented by General Chairman Rick Lee. CM&Q owns 481 miles of rail lines primarily in Quebec and Maine.
Read the full release from PR Newswire.
Related News
- Semi Crushes Member in Decatur, Ill.
- Long-time Union Ally Mikie Sherrill Runs for New Jersey Governor
- FRA Suspends Safety Reports due to Government Shutdown
- SMART-TD to Port Terminal Railroad Association: Your Harassment Stops Now.
- Honoring the Professional Drivers Who Keep Our Children Safe
- Report Transit Assaults to Help SMART-TD Fight Back
- Another RRB Office Moves to New Location
- Hunting accident claims life of Idaho member’s daughter
- Gardena City Council welcomes SMART-TD to represent GTrans Bus Operators
- NO On-Site Registration Available at Atlanta Regional Training Seminar