Montreal-based Canadian National Railway (CN), through a subsidiary company, recently reached an agreement to acquire the intermodal division of Alberta-based H&R Transport, a logistics provider specializing in temperature-controlled transport.
“H&R is well known in Alberta and across the industry for investing in its people, systems and assets, as well as its customer centric services and best-in-class operations, all of which is aligned with CN’s strategy to expand our presence in moving consumer goods,” said JJ Ruest, president and chief executive officer of CN. “With the growing consumer economy requiring more sophisticated transportation solutions, CN’s strategy is to offer more end to end rail supply chain solutions to a wider range of customers.”
H&R is one of the largest refrigerated intermodal carriers in Canada, with approximately 550 trailers and containers, and 230 tractors.
“CN recognizes the role of the Foder family, who acquired H&R in the early 1950s and worked to grow the original two tractor operation based in Lethbridge, Alberta,” said Keith Reardon, CN’s senior vice president of consumer products and supply chain growth. “We have a longstanding relationship with H&R Transport.
“As a cross-country supply chain partner, we know that their continued investments in technology and in their employees has earned them a very enviable reputation.”
The deal follows CN’s recent purchase of TransX, which closed in March.
“The Foder family was instrumental in establishing this customer-focused orientation throughout the history of H&R and we look forward to continuing to provide exceptional service as part of the CN Family,” said David Thiessen, chief executive officer of H&R.