A vital role in world trade
Port activities in Montreal create more than 19,000 direct and indirect jobs, and generate approximately $2.6 billion in annual economic impact.
By promoting greater trade between countries, globalization has profoundly changed the face of maritime shipping. Thanks to marine carriers' direct services with transshipment ports in the Mediterranean and the Caribbean, the Port of Montreal trades with the world. Currently, about 37% of the containers handled at the Port of Montreal originate in or are heading to Northern Europe; 25% Asia; 21% the Mediterranean; 8% the Middle East; 5% Latin America and 4% Africa/Oceania.
Several factors explain the Port of Montreal’s popularity: its location 1600 km (1000 miles) inland, the versatility of its facilities and its privileged access to rail and road networks that crisscross North America.
Serving a pool of 40 million consumers in 1 day by truck and 70 million consumers in less than 2 days by train, the Port of Montreal is a major link in the Canadian and U.S. supply chain of raw materials and various products, and a catalyst of trade for all its customers.
Containerized cargo: a growth industry
The Port of Montreal is a leader among container ports, a type of transport that generates - and continues to generate - substantial economic benefits. Containerized goods make up more than 40% of the port's total traffic, with the balance shared between liquid and dry bulk products, including grain.
Spurred on by global trade, containerized cargo traffic has grown steadily in recent years. The second largest container port in Canada and the only container port along the Quebec-Ontario Continental Gateway, wich moves more than 74% of Canada's trade, the Port of Montreal handles more than 1.5 million TEUs (20-foot equivalent units) per year, ranking it among the top 100 container ports in the world.
Tens of millions of dollars are invested each year to increase the operating efficiency of the port’s rail network, quays and terminals, and to improve the flow of goods. These initiatives, along with cooperation from its logistics and transport chain partners and support from the Greater Montreal business community, strengthen the port’s role in Montreal’s economic viability and Canada’s long-term prosperity.
Cargo M: An industrial strategy for logistics and transportation
The Port of Montreal was one of the driving forces behind the creation in 2012 of CargoM, Montreal’s logistics and transportation metropolitan cluster.
CargoM’s mission is to bring together all stakeholders in the region’s logistics and freight transportation sector, whose operations make Greater Montreal a hub for goods transportation, to work on shared goals and take concerted action to further improve collaboration, competitiveness and growth, and to extend the sector’s reach. Sylvie Vachon, president and CEO of the Port of Montreal, is chair of CargoM.
Over the next 10 years, CargoM’s vision is to make Greater Montreal a renowned multimodal hub that is sought after for its operational and environmental performance and that contributes to its business partners’ competitiveness and the economic development of the Quebec region.