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Port of Montreal Logs 77% Surge in China Traffic as Exports Divert From U.S.

Exports routed away from U.S. markets have pushed capacity limits, accelerating work on the Contrecoeur terminal expansion.

Overview

  • The port recorded a 77% jump in two-way cargo traffic with China and a 22% rise in outbound shipments year-over-year.
  • Container tonnage has climbed 14% since March even as total cargo volumes dipped about 2% through May.
  • Shipments to Europe, Africa and Latin America have grown sharply, including a 147% surge to Spain and a 29% increase in inbound African goods.
  • U.S. tariffs on Canadian steel, aluminum and other products have prompted exporters to diversify markets beyond the United States.
  • Construction on the $1.4 billion Contrecoeur container terminal is underway to add 1.15 million TEUs of capacity and handle larger vessels.