The Port of Montreal handled 1.5M TEU in 2023, a decline of 11% on the 1.7M TEU handled in 2022 and 2021.

Total cargo volume came in at 35.3Mt, down 1.8% on 2022. The liquid bulk sector, buoyed by an increase in aviation fuel, rose by 6.8% to 13.9Mt, while the dry bulk sector declined 3% to 8.4 million tonnes.

Despite the decline in cargo tonnage the port saw its operating revenues increase 2.8% to C$138M.

The port’s capital investment spending totalled C$74.8M in 2023. Projects included the completion of Phase 3 of the rail capacity optimisation project and continued work on the design for the ports new Contrecœur terminal.

“Despite fluctuating economic conditions, 2023 was a year of consolidation and significant progress for the Port of Montreal. Not only did we maintain our capability to efficiently serve Canada’s supply chain, but we also made meaningful commitments to sustainable development and the protection of biodiversity. These efforts reflect our ongoing commitment to innovation and support for a greener, more resilient economy. As we look to the future, we stay determined to strengthen our leading role in the port sector by optimising our operations and advancing our expansion in Contrecœur, a major project that guarantees our sustainable contribution to the Canadian economy,” said Julie Gascon, President and CEO of the MPA.

The Port of Montreal handled 1.5M TEU in 2023, a decline of 11% on the 1.7M TEU handled in 2022 and 2021.

Total cargo volume came in at 35.3Mt, down 1.8% on 2022. The liquid bulk sector, buoyed by an increase in aviation fuel, rose by 6.8% to 13.9Mt, while the dry bulk sector declined 3% to 8.4 million tonnes.

Despite the decline in cargo tonnage the port saw its operating revenues increase 2.8% to C$138M.

The port’s capital investment spending totalled C$74.8M in 2023. Projects included the completion of Phase 3 of the rail capacity optimisation project and continued work on the design for the ports new Contrecœur terminal.

“Despite fluctuating economic conditions, 2023 was a year of consolidation and significant progress for the Port of Montreal. Not only did we maintain our capability to efficiently serve Canada’s supply chain, but we also made meaningful commitments to sustainable development and the protection of biodiversity. These efforts reflect our ongoing commitment to innovation and support for a greener, more resilient economy. As we look to the future, we stay determined to strengthen our leading role in the port sector by optimising our operations and advancing our expansion in Contrecœur, a major project that guarantees our sustainable contribution to the Canadian economy,” said Julie Gascon, President and CEO of the MPA.