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Rail News: Intermodal
1/6/2009
Rail News: Intermodal
Montreal port sets container traffic record in '08, preliminary data shows
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Last year, the Port of Montreal handled about 1.46 million 20-foot equivalent units (TEUs), a 7.2 percent increase compared with 2007 container traffic and a new annual record.
The preliminary data shows the port posted an “exceptional result despite the economic slowdown that affected us during the last two months of 2008," said Patrice Pelletier, president and chief executive officer of port operator the Montreal Port Authority, in a prepared statement.
The port also projects total traffic to have reached 26.6 million tons, which would represent a 2.5 percent increase compared with 2007’s record traffic.
“The number of TEUs handled from the Mediterranean route grew by 31.6 percent and the number of TEUs from the Caribbean grew by 26.9 percent, reducing our dependence with regard to northern European markets," said Pelletier.
This year, the port expects containerized cargo tonnage to drop by 3.7 percent vs. 2008’s total. However, the tonnage still would be 2.7 percent higher than 2007’s total, the port said.
The Montreal Port Authority operates its own rail network, which is linked to Canadian National Railway Co. and Canadian Pacific Railway.
The preliminary data shows the port posted an “exceptional result despite the economic slowdown that affected us during the last two months of 2008," said Patrice Pelletier, president and chief executive officer of port operator the Montreal Port Authority, in a prepared statement.
The port also projects total traffic to have reached 26.6 million tons, which would represent a 2.5 percent increase compared with 2007’s record traffic.
“The number of TEUs handled from the Mediterranean route grew by 31.6 percent and the number of TEUs from the Caribbean grew by 26.9 percent, reducing our dependence with regard to northern European markets," said Pelletier.
This year, the port expects containerized cargo tonnage to drop by 3.7 percent vs. 2008’s total. However, the tonnage still would be 2.7 percent higher than 2007’s total, the port said.
The Montreal Port Authority operates its own rail network, which is linked to Canadian National Railway Co. and Canadian Pacific Railway.
