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
- SMART-TD Announces 2025 Regional Training Seminars
- Strike Avoided: SMART-TD Local 1594 Reaches Tentative Agreement with SEPTA. A Victory for Transit Workers’ Safety and Dignity
- Virginia and D.C. legislative boards merge
- Help find the LA shooter responsible for attempted murder of SMART-TD transit member
- A tribute to a family railroad legacy
- Michigan Senate Committee Passes SB 100 for Two-Person Minimum Crew Law
- Urgent Appeal for SMART-TD Brother Nii Nunoo and Family
- Amtrak Thinks No AC Is No Problem! They Are Dead Wrong
- Alabama & Gulf Coast Members Ratify New Agreement
- SMART-TD Salutes Our Nation’s Veterans