CANADA: Rail freight terminal operator Alpenglow Rail Services and investor Connor, Clark & Lunn Infrastructure have acquired Alberta Midland Railway Terminal Ltd, which provides wagon staging and storage-in-transit for industrial customers in the the greater Edmonton region.
The 120 ha AMRT site 30 km east of Fort Saskatchewan has connections to both Canadian National and Canadian Pacific, with space to store 1 400 wagons and a loop for block trains.
Alpenglow plans to expand AMRT services to include transloading and wagon cleaning and repair.
Alpenglow’s portfolio now comprises three rail terminals in Canada and three in the US Gulf Coast. ‘We serve many of the same customers as AMRT at our other terminal locations, which provides us a unique opportunity to grow these relationships’, said CEO Rich Montgomery on Ocotber 25. ‘AMRT has some unique features that are difficult to replicate, including dual Class I service, a strategic location in Alberta’s premier industrial hub, and ample land for development and expansion.’
CC&L Infrastructure President Matt O’Brien said ’our rail business has continued to deliver strong performance throughout the turbulent market conditions we have experienced over the past three years. AMRT represents an important addition to our growing rail investment portfolio.’