Canadian Tire is acquiring a 25% stake in Ashcroft Terminal, the largest inland port in British Columbia, in a deal that will allow the Canadian retailer to move containers more efficiently from the Port of Vancouver and improve access to CN and Canadian Pacific rail capacity.
Ashcroft Terminal announced the CA$40 million ($32 million) deal on Thursday. Operator PSA International will retain a 60% stake in the transloading and intermodal facility.
Canadian Tire (TSX:CTC), Canada’s largest...