PSA International Buys Canada's Halterm
Singapore-based port operator PSA International has completed the acquisition of Halterm Container Terminal in the Port of Halifax, Canada, from Macquarie Infrastructure Partners."PSA International Pte Ltd concluded the purchase of the terminal from Macquarie Infrastructure Partners after formal approval by regulatory authorities, " said a PSA news release issued on Wednesday night.Halterm is the only container terminal in Eastern Canada that can serve mega container vessels.
PSA International Acquires Majority Stakes in Canada Port
PSA International through its subsidiary has acquired 60 per cent of Ashcroft Terminal (AT) , an inland port facility about 300km east of the Port of Vancouver in western Canada, making its first foray into Canada.AT is an inland port facility located approximately 300 kilometres east of the Port of Vancouver (POV).Comprising 320 acres of free-hold industrial land, it is the only major privately-owned industrial property in Canada where both Class 1 railroad lines – including Canadian National (CN) Railway and Canadian Pacific Railway – run through…
Over 3,000 Canadian Pacific Workers Go On Strike
More than 3,000 employees at Canadian Pacific Railway staged a walk-out late Tuesday night, threatening various industries dependent on cargo shipments by the country's second-largest railroad operator.Talks between Teamsters Canada and Canadian Pacific are ongoing and the labour union is working with federal mediators to reach a negotiated agreement, Teamsters said on Tuesday, adding that commuter train services will not be affected.Industry bodies representing the mining, aluminium…
CP Rail Workers Reject Contract, Resume Negotiations
Canadian Pacific Railway conductors and locomotive engineers on Friday rejected the company's latest contract offer, with their union saying negotiations would resume and raising the prospect of another possible strike at Canada's second-largest railroad. A strike by the estimated 3,000 workers could be called if talks fail or if CP refuses to negotiate - but only after providing 72 hours notice, Teamsters Canada said in a statement. Teamsters Canada Rail Conference President Doug Finnson said by phone that the union expects to resume talks with Calgary-based CP on Friday.
SeaCube Container Leasing Names Sappio CEO
SeaCube Container Leasing Limited announced the appointment of Robert F. Sappio to the position of Chief Executive Officer, effective immediately. Sappio will be based in SeaCube's headquarters in Woodcliff Lake, N.J. Sappio brings international experience in the shipping and intermodal transportation industry to his new role. He joined SeaCube as Chief Operating Officer in 2014 and has since led the company's efforts in sales and marketing, customer service, procurement, strategic planning and investment strategy.
UPS Oposes CP-NS Merger
UPS, one of North America’s largest intermodal shippers, has told federal regulators that it is against Canadian Pacific Railway's (CP's) proposed acquisition of Norfolk Southern Corp. (NS). UPS' thumbs-down has dealt a severe blow to CP's $28 billion bid to acquire U.S. eastern railroad NS. UPS Inc. is the largest transport company in the U.S. and one of the nation's biggest users of intermodal services. UPS has asked the Surface Transportation Board (STB) to reject the proposal on grounds that it will lead to diminished service levels and higher costs.
Canadian Pacific Hires Marsh as Sales VP
The appointment of Tim Marsh as senior vice president sales and marketing by Canadian Pacific Railway Ltd is aimed at bolstering its battered intermodal business, says a report from Globe and Mail. Marsh, who brings 25 years of international shipping industry sales and marketing experience, most recently served as executive VP North America Trade Division for Cosco Container Lines (COCSO), the global shipping giant. CP has lost some big intermodal customers to Canadian National Railway Co.…
Ports Workshop to Explore Maritime Economic Drivers
The American Association of Port Authorities’ (AAPA) 2013 Maritime Economic Development Workshop in Chicago, June 27-28, will explore the factors driving today’s investments in seaport and related infrastructure. The program's speakers will analyze the risks and rewards for undertaking such investments, reveal how capital improvements propel business development decisions and discuss what influences intermodal connection improvements with ports. Addressing the issue of what is…