Canadian National Railway Co. acquired the intermodal division of Calgary, Alberta-based motor carrier H&R Transport Ltd.
By acquiring the division from H&R Transport, CN will be better able to expand its presence in moving consumer goods, said J.J. Ruest, CEO of CN.
Ruest said the growing consumer economy is requiring more sophisticated transportation solutions, which necessitated the acquisition from H&R Transport, which began in the early 1950s and worked to grow the original two-tractor operation based in Lethbridge, Alberta.
CN transports more than C$250 billion worth of goods annually, across a rail network of approximately 20,000 route miles spanning Canada and the United States. — Transport Topics