Canadian Pacific completed the acquisition of the US operations of Central Maine & Quebec Railway.

Canadian Pacific, a railway service operator, completed the acquisition of the US operations of Central Maine & Quebec Railway, a railway operator, from Fortress Transportation and Infrastructure Investors, an infrastructure investment firm. Financial terms were not disclosed. "This transaction is a generational business opportunity for CP. It enables us to serve customers through a larger coast-to-coast network across Canada and brings a direct Class 1 freight-rail service to the State of Maine for the first time in decades. It is with great pride that I formally welcome CMQ's U.S. employees and customers to the CP family," Keith Creel, Canadian Pacific President and CEO.