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The volume of cargo handled by the Port of Montreal increased for a fourth consecutive year in 2017, reaching a record high of 38 million tonnes, the Montreal Port Authority said on Friday.

The 7.6 per cent total increase in volume was due to growth in all types of cargo.

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The number of passengers and crew arriving on cruise ships rose 33.5 per cent, year over year, to 114,518.

The Port reported net income of $23.1 million for its 2017 fiscal year, down 1.8 per cent from $23.5 million in 2016. Port revenue was $112.7 million, up 5.6 per cent over the previous year, while expenditures increased 7.5 per cent to $90.4 million.

The Port of Montreal is the second-largest port in Canada.