North America (Change)

On the cruise front, the 2020 season in Montreal is hard hit by the health crisis, as is the case all over the world. Currently, due to the fact that cruise ships cannot come to Canada until July 1, 2020 and given the cancellations recently. Turning to the volume of goods handled, after operating at full capacity and experiencing a solid first quarter with a 2.5% increase compared to the same period in 2019, in recent weeks the MPA has begun to see the first signs of a slowdown on the docks, even though the intermodal chain is still fully up and running at the Port. The MPA anticipates a 12% drop in freight traffic for 2020, compared with the previous year. As Ms. Vachon explained during the talk, according to the MPA’s forecasts, this drop should be followed by a recovery at the end of the year and early 2021.

The Port of Montreal, barometer of the economy and partner of the recovery, May 19, 2020, www.portofmontreal.ca