Cando’s US Expansion: Channelview Terminal Acquisition Boosts Rail Capacity

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Introduction

Cando Rail & Terminals has agreed to acquire Channelview Terminal in Houston, marking its first US terminal. The deal with Texas Deepwater Partners, expected to close in Q4 2025, will add to Cando’s railcar storage capacity.

Acquisition Details

Cando Rail & Terminals is set to acquire the Channelview Terminal from Texas Deepwater Partners. The agreement is subject to specific conditions and regulatory approvals.

The financial specifics of the transaction have not been made public. The anticipated closing date for the acquisition is in Q4 2025.

Terminal Capabilities

The Cando Channelview Terminal is a private railcar storage, staging, and transload facility. It currently has a capacity of 900 railcars. The terminal also has additional land available for future expansion. The terminal connects to railway networks via the Port Terminal Railroad Association (PTRA).

Strategic Expansion

This acquisition represents Cando’s third terminal acquisition in the last two years. Upon completion of the deal, Cando’s network will have the capacity to store and stage over 13,000 railcars. The company will then own and operate 15 rail terminals and one short line railway, in addition to providing rail operations at more than 50 customer locations.

Executive Commentary

Brian Cornick, CEO of Cando, expressed enthusiasm about adding a US terminal to their network. He also mentioned the intention to engage with the PTRA, current customers, and potential new customers to improve supply chains. Furthermore, Cando is set to become the exclusive rail partner to Texas Deepwater.

Cornick added that Cando plans to continue investing in rail infrastructure through both organic and inorganic means to support both shipper-customers and railway partners.