CN confirms purchase of H&R Transport

By Sean Galea-Pace
The Montreal-based company, Canadian National Railway (CN), has purchased the intermodal division of H&R Transport, according to Supply Chain Dive...

The Montreal-based company, Canadian National Railway (CN), has purchased the intermodal division of H&R Transport, according to Supply Chain Dive.

The acquisition of the Alberta-based, H&R Transport, which are a Canadian logistics provider specialising in temperature-controlled and intermodal freight.

With H&R considering itself as the biggest refrigerated intermodal carrier in Canada on its website, the firm has around 550 trailers and containers, as well as 230 trucks.

In CN’s first quarter earnings call CEO, JJ Ruest, confirmed future acquisitions would “feed the beast” and enable new customers and a greater volume to the railroad.

SEE ALSO:

In a research note to Supply Chain Dive, Morgan Stanley analysts wrote: “CN’s goal with the acquisition is to expand its intermodal service offering, move more consumer goods, and convert customers to their rail network.”

The deal follows CN’s purchase of TransX which closed in March. The revenue from TransX and H&R is set to be reported as intermodal revenue. Despite TransX revenue not being included, the figure has risen 4% during the first quarter year-over-year.

Share

Featured Articles

Behavioural science 'key to procurement change' - Loseby

David Loseby of Suppeco tells the Supply Chain Digital show why behavioural science has a vital role to play in procurement digital transformation

Walgreens CPO Jim Townsend to speak at Procurement LIVE

Walgreens Boots Alliance Chief Procurement Officer Jim Townsend will be speaking at Procurement & Supply Chain LIVE London on 13 October

Managing risk 'crucial' - Gartner Supply Chain Symposium

CSCOs hoping to navigate supply chain disruption must understand their organisation's appetite for risk, say analysts at Gartner Supply Chain Symposium

Air cargo resilience is focus of World Cargo Symposium

Logistics

Sustainability measurements lacking, says EY survey

Sustainability

IBM CSCO & COO survey shows tech & sustainability key areas

Digital Supply Chain