Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) are vying to be the top freight railroad in Eastern Canada, with both companies seeing the Atlantic Canada ports as having untapped potential.
The ports at Saint John and Halifax have access not only to Eastern and Central Canada, but also to the coveted U.S. Midwestern market and the Eastern U.S. CN has access to both ports, while CP — with its recent acquisition of the Central Maine and Quebec Railway — has direct access to Port Saint John.
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https://s29755.pcdn.co/news/railways-see-untapped-potential-in-atlantic-canada-ports