Canadian Pacific Completes Central Maine & Quebec Railway Acquisition

Canadian Pacific (“CP”) has closed the transaction related to the acquisition of the Central Maine & Quebec Railway (“CMQ”). The acquisition of CMQ in the U.S. remains subject to Surface Transportation Board approval.

The acquisition, first announced on November 20, 2019, will provide CP customers with seamless, safe and efficient access to ports at Searsport, Maine and to Saint John, New Brunswick, via Eastern Maine Railway Company (“EMRY”) and New Brunswick Southern Railway (“NBSR”), thereby preserving and enhancing competition.

About Canadian Pacific

Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of CP.

Contact:

Maeghan Albiston – Assistant Vice President Investor Relations – (403) 319-3591

Source: Canadian Pacific Railway Limited