Cando Rail & Terminals acquires Texas Deepwater rail terminal on Houston Ship Channel

Cando Rail & Terminals has completed its acquisition of the rail terminal and associated operations of Texas Deepwater Partners, adding its first U.S. terminal to its growing North American network.

Texas Deepwater, a joint venture between USD Group LLC and Pinto Realty Partners, was formed to develop an energy logistics terminal on the Houston Ship Channel.

“Today marks the beginning of an exciting new chapter as we add our first terminal in the United States to our network of terminals,” says Brian Cornick, president and CEO of Cando. “The Cando Channelview Terminal is a multi-customer, multi-purpose railcar storage, staging and transload terminal strategically located on the north side of the Houston Ship Channel, serving many of the world’s largest petrochemical producers. With existing capacity of 900 railcars, surplus real estate for future growth and connections to the BNSF Railway, CPKC and Union Pacific Railroad networks through the Port Terminal Railroad Association, the terminal supports both existing and new shipper-customers, as well as existing and new Class I railroad partnerships.”

The acquisition increases Cando’s network capacity to more than 13,000 railcars. The company now owns and operates 15 rail terminals and one short line railway, and provides rail operations at more than 50 customer locations.