MONTREAL, May 8, 2024 /CNW/ - Montreal Port Authority (MPA) President and CEO Julie Gascon, Chair of the Board Nathalie Pilon and Chief Financial and Technology Officer Geneviève Deschamps today released the Port of Montreal's 2023 operating results at the annual meeting, held at the MPA head office. The results show a slight drop in volumes compared with 2022, operating results of $138 million, net earnings of $11 million, a year distinguished by important achievements in port infrastructure, and firm commitments to sustainable development. "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 optimizing 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. Cargo traffic A total of 35.3 million tonnes of cargo were handled at the Port of Montreal in 2023, down 1.8% compared with last year. This was the outcome of a mixed set of results: The container sector dropped by 8.9%, with 13.1 million tonnes handled and ...