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CP completes acquisition of Central Maine and Quebec Railway

Christian Fernsby ▼ | June 4, 2020
Canadian Pacific completed its previously announced acquisition of the Central Maine amd Quebec Railway US Inc. (CMQ US).
Canadian Pacific
Railway   Canadian Pacific
Together with the earlier acquisition of Central Maine and Quebec Railway Canada Inc. (CMQ Canada), this completes CP's purchase of the entire CMQ network, which was first announced in November 2019.

CMQ US and CMQ Canada will continue to operate in the U.S. and in Canada respectively as subsidiaries of CP.

On May 4, 2020, the U.S. Surface Transportation Board approved CP's acquisition of CMQ US, which became effective.

This allows CP to integrate CMQ US's 244.2 route-miles of rail line in Maine and Vermont into CP's network.

The transaction also includes 57.3 route-miles leased from the Maine Department of Transportation.

With the CMQ acquisition, CP is now a 13,000-mile rail network connecting the Atlantic coast to the Pacific coast across six Canadian provinces and 11 U.S. states.