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The resurrected service in 1955 saw new ferry terminals constructed in Yarmouth and Bar Harbor and used the newly commissioned ferry MV Bluenose, named after Nova Scotia's famous racing schooner Bluenose.
The service was operated by Canadian National Railways (later Canadian National Railway) and in 1977 was included in the CN reorganization which created CN Marine.
The service became unprofitable for CP in 1974 and the federal government stepped in, providing an operating subsidy to maintain the service.
Bay Ferries began operations in 1997 upon being awarded the operating licenses for ferry routes in the Bay of Fundy and Gulf of Maine which were being discontinued by federal Crown corporation Marine Atlantic as part of cost-cutting measures.
Bay Ferries operates the ferry service across the Bay of Fundy between Saint John, New Brunswick, and Digby, Nova Scotia, using the vessel MV Fundy Rose.
Bay Ferries Limited, or simply, Bay Ferries, is a ferry company operating in eastern Canada and is headquartered in Charlottetown, Prince Edward Island.
It is a subsidiary of Northumberland Ferries Limited (NFL) and a sister company to the defunct Bay Ferries Great Lakes Limited.
In 2002, Incat 046 was sold and The Cat replaced it.