Thank you for your question.
As far as our operations are concerned, the first quarter of 2020 was quite good. However, beginning in mid-April—extending into the end of April and the month of May—we started feeling the effects of the downturn. The impact is now visible every day. Ship and train traffic is down. For fiscal 2020, we anticipate a drop in revenue of about 12%. As you know, our organization is self-financing, so we've had to make adjustments because of the 12% decrease. It's affected our capital spending plans, in other words, long-term investments in maintaining and building infrastructure. The goal is to balance cash flow.
Luckily, we haven't had to lay anyone off at the Montreal Port Authority, which employs 250 people. Our administrative staff, however, is currently working from home. Nearly half of our workforce is hard at work on the ground every single day, maintaining infrastructure, operating the port's own railway network and delivering services ranging from trucking and security to fire prevention.