Cando Rail & Terminals Adds Another Multi-Purpose Rail Terminal to Network
Written by David C. Lester, Editor-in-Chief
Cando Rail & Terminals
WINNIPEG, MB/ENTERPRISE, NT –– Cando Rails and Terminals has announced that it has acquired the rail terminal operations of AWP Industries in the Northwest Territories
Cando is one of North America’s largest operators of first and last mile rail infrastructure, and AWP is a first-class private railcar storage and transload terminals in the Northwest Territories.
The new terminal serves Class I partner Canadian National along with existing Cando network customers. The AWP terminal was constructed recently, with significant room for future expansion. Morever, the terminal is connects with CN at the railroad’s northern terminus, serving as a key route and gateway to the North for bulk commodities destined for mines, government agencies, communities, and ariports.
This terminal acquisition is Cando’s second in less than a year. Brian Cornick, President & CEO of Cando, says “AWP’s terminal was another perfect fit for Cando. Brad Mapes, the Founder and CEO of AWP, has done a tremendous job over the last few years turning undeveloped land into a fast-growing rail terminal serving several of North America’s largest shippers. We are excited to partner with Brad to continue growing the site and providing critical supplies to the North while supporting several of Cando’s largest customers, as well as CN.
Cornick added that “Strategic acquisitions have become a cornerstone of Cando’s multi-faceted growth platform. Cando plans to continue investing organically and inorganically in critical rail infrastructure to support shipper-customers and Class I partners.”
The new terminal gives Cando’s entire network the capacity to stage and store more than 11,000 railcars. Cando provides rail operations at nearly 50 customer locations, owns and operates a short line railroad, and now owns and operates 13 rail terminals. Alan Mapes, Founder and CEO of AWP, is now a shareholder and employee of Cando. He said “I am excited to partner with Cando and leverage its scale, access to capital, world class operations, and deep customer relationships to accelerate and expand my vision for the terminal.
Photo Courtesy of Cando Rail & Terminals
