Maersk sells Canada drayage business
Maersk has agreed to sell the Canadian assets of its Bridge Terminal Transport (BTT) trucking subsidiary to Rouge River Capital Ltd., a Toronto based merchant bank, the companies said Wednesday.
The business will be renamed Seaport Intermodal Inc.
The company has about 18 management employees and uses about 115 owner-operator drivers who work out of facilities in Toronto and Montreal and mostly drive in Canada. The new owners have entered into a long-term contract to provide drayage and container storage services in Toronto and Montreal. The company also serves other steamship lines, including CSAV.
Seaport will acquire BTT’s 10.5-acre container yard adjacent to the CN railhead in Brampton, Ontario, which is the source of much of its business. The company also shuttles containers between Canada and a CSX terminal in Buffalo. Those Buffalo containers generally originate in or are destined for marine terminals in Newark and Philadelphia.
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'In the short to medium term, our focus will be on continuing to deliver on our strong reputation for service,” said Andre Earl, president of Seaport. “In the long term, the acquisition allows us to offer our customers and partners enhanced capabilities, while investing to ensure we remain one of the top intermodal service providers in Canada.'
The BTT Canada Vancouver facility was sold in November 2009 to Harbour Link Container Services.
