PSA makes first foray into Canadian market

PSA International has signed an investment agreement to acquire 60% of the Ashcroft Terminal (AT) business, marking its entry to the Canadian market.

AT is an inland port facility in western Canada, located approximately 300 km east of the Port of Vancouver (PoV), comprising 320 acres of free-hold industrial land.

It is the only major privately-owned industrial property in Canada where both Class 1 railroad lines – including Canadian National (CN) Railway and Canadian Pacific Railway – run through, transporting import and export cargoes to and from the POV, across Canada and as far as Chicago and other North American markets.