Done deals: July 27, 2023

Port of Argentia

The federal government is providing up to $38 million under the National Trade Corridors Fund to improve cargo movement at the Port of Argentia, Newfoundland and Labrador. The project will expand the existing Fleet Dock terminal. This expansion includes the construction of approximately 460 m of berthing space for three new berths to accommodate larger vessels, a Roll-on Roll-Off ramp to facilitate the movement of containers and cargo, as well as increasing available dockside space by approximately 100,000 square metres. The project will also promote environmentally sustainable practices, such as supporting green energy and low carbon fuels.

Volvo & Westport

Volvo Group and Westport Fuel Systems Inc. have signed an agreement to establish a joint venture to accelerate the commercialization and global adoption of Westport’s HPDI fuel system technology for long-haul and off-road applications. Westport’s HPDI fuel system allows trucking and off-road equipment manufacturers to meet regulatory requirements of Euro 7 and the US EPA by using carbon neutral fuels like biogas, zero carbon fuels like green hydrogen and other renewable fuels. The joint venture’s mandate will be to add new trucking and equipment manufacturers as customers. Westport will contribute current HPDI assets and activities including related fixed assets, intellectual property, and business into the joint venture. Volvo will acquire a 45 percent interest in the joint venture for the sum of approximately US$28 million plus up to an additional US$45 million depending on the performance of the joint venture.

Simard Transport & Globocam

Simard Transport has added four electric trucks to their current fleet. The four eCascadia trucks, manufactured by Freightliner, are the first to be delivered to a Quebec-based carrier by a Quebec dealer. Simard Transport bought the trucks from Globocam, the largest network of heavy truck dealerships in Québec. Simard Transport has partnered with Cleo, a subsidiary of Hydro-Québec, to oversee the deployment of their charging infrastructure.