Canadian National buys Winnipeg trucker-logistics firm TransX
THE Canadian National Railway (CN) has bought Winnipeg-based transport service provider TransX Group of Companies, reports American Shipper
THE Canadian National Railway (CN) has bought Winnipeg-based transport service provider TransX Group of Companies, reports American Shipper.
TransX?s services include truckload, LTL, intermodal, warehousing and freight forwarding. It employees 3,000 and has 1,500 trucks, 4,000 trailers, 1,000 intermodal containers and 12 North American terminals.
'CN and TransX have been supply chain partners for many years. With the acquisition of TransX, CN will continue to support the wholesale and beneficial cargo owner customers, including in the growing service- sensitive, refrigerated transportation business,' said CN vice president Keith Reardon. 'CN will continue to expand capacity and foster additional supply chain solutions to help our partners and customers win in their marketplace.'
CN plans to invest C$120 million (US$89.43 million) in Manitoba to fund the construction of a new train passing siding east of Winnipeg and the construction of 6.3 miles of double track west of Portage la Prairie.
Maintenance includes the replacement of more than 35 miles of rail, the installation of 59,000 new rail ties, rebuilds of 13 road crossing surfaces and maintenance work on bridges, culverts, signal systems and other track infrastructure.