Wednesday, June 2, 2010
Maersk Canada selling drayage company to Toronto bank
Maersk Canada announced it has entered an agreement to sell its drayage and container storage services division - Bridge Terminal Transport Inc. – to Rouge River Capital Ltd., a Toronto based merchant bank. The financial terms of the sales agreement were not disclosed.
Rogue River Capital will change the name of the business to Seaport Intermodal Inc. and the company will be headquartered in Toronto, with a branch office in Montreal, according to the press release. Seaport has also entered into a long term supply contract with Maersk to provide drayage and container storage services in Toronto and Montreal.
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