Vancouver to Vanquish Constrained Growth With New Investment — Panjiva


Vancouver to Vanquish Constrained Growth With New Investment

Canada 338 Corp - Ports 661 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

The Port of Vancouver will receive C$167 million ($125 billion) of federal funding for connectivity improvements. That may help kindle renewed growth for the port which saw a 9% rise in container handling in the past 12 months slow to just 1% in May despite hitting the second highest volumes ever in May. Container handling on the west coast of Canada has seen a broader increase of 14% in the past year, due in part to the Prince Rupert expansion, vs. 7% at Montreal. Yet, the latter will begin to catch up as Maersk’s new service from Europe gets underway. Vancouver’s expansion may prove pr...

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