Central Maine and Quebec Railway

CP has said the acquisition of the U.S. and Canadian operations of the short line railroad would boost CP’s reach into eastern Canada, as well as grow CP’s network into about 13,000 miles coast-to-coast over six Canadian provinces and 11 U.S. states.

A short line acquisition in Atlantic Canada and enhanced crude oil production in western Canada could boost rail volumes in the coming years, executive said.

The railway announced plans to acquire the Central Maine & Quebec Railway in November.

In two unrelated announcements on Nov. 20, CP lays out plans to deepen network capacity.