CANXPORT $750M Logistics Hub Opens at Port of Prince Rupert

PR Newswire··CA·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

Ray-Mont Logistics, Canadian National Railway, and the Prince Rupert Port Authority have announced the grand opening of CANXPORT, a $750 million export logistics facility at the Port of Prince Rupert that will expand rail-to-container transloading capacity for Western Canada's trade corridor. The facility, operated by Montreal-based Ray-Mont Logistics, adds up to 400,000 TEUs of annual capacity, with potential to grow to 750,000 TEUs, and is the first project in a $3 billion port expansion. Funding included a $150 million loan from the Canada Infrastructure Bank, its first port investment, plus nearly $50 million from Transport Canada and $25 million from British Columbia's Stronger BC program. Indigenous partners, including the Metlakatla First Nation and Lax Kw'alaams Band, are involved in development and operations. The port, Canada's third-largest, handled 26.3 million tonnes of cargo in 2025, a 14% increase, and supports about 7,940 full-time jobs.

Impact on assets 1

Industrials▲ · 1 stocks
Canadian National Railway Company
CNI
▲ PositiveDemandrelevance

CN is a partner in the CANXPORT facility that expands rail-to-container transloading capacity for Western Canada's trade corridor, boosting rail freight volumes.

Off-coverage companies 1

Ray-Mont LogisticsPrivate▲ Positive
Demandrelevance

Ray-Mont Logistics operates the new $750M CANXPORT hub, adding up to 400,000 TEUs of annual transloading capacity.