Done deals: June 1, 2023

Transport Canada & Essex Terminal Railway Company

The federal government will be making an investment of up to $12.5 million to the Essex Terminal Railway Company, from the National Trade Corridors Fund, for a cargo terminal infrastructure expansion project at the Port of Windsor. The project will help build a new warehouse and expand the shorewall at the Port of Windsor. These improvements will prevent shoreline erosion and reduce the risk of flooding. It will also make building a new cargo dock possible.

Desgagnés & Valport Maritime Services Inc

Desgagnés has completed the acquisition of Valport Maritime Services Inc‘s activities, at the Port of Valleyfield. Desgagnés and the Société du Port de Valleyfield have also established a long-term leasing agreement for the facilities and port infrastructure. Frank Dunn, Valport’s founder, will remain involved as a consultant, and cargo handling and storage activities will continue to be carried out under the Valport brand name.

CPKC

Canadian Pacific Kansas City is adding 1,000 new, 53-foot, refrigerated intermodal containers to its network, more than doubling CPKC’s existing fleet. The new refrigerated containers are part of CPKC’s TempPro solutions.

Vertical Cold Storage & MWCold

Vertical Cold Storage has entered into an agreement to purchase MWCold, which operates more than 545,000 square feet of warehouse space at two facilities in central Indiana. The MWCold Indianapolis warehouse is a 390,000-sq.ft, 10.1-million-cubic-foot multi-modal facility with 33,000 pallet positions and 46 dock doors. It is dual rail-served by CSX and Norfolk Southern, and has blast freezing, export services and quick thaw. The MWCold Pendleton facility is northeast of Indianapolis and can handle a variety of temperature zones, including -20°F. It is 159,000 sq.ft, 5.3 million cu.ft., with 19,600 pallet positions and 15 dock doors. Both locations are near five major interstates that intersect Indiana, enabling two day or less service to more than 75 percent of the US and Canadian populations.