CALGARY, July 21, 2015 - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today announced that Andrew F. Reardon has been unanimously elected Chairman of the Board.
Gary F. Colter and Krystyna T. Hoeg tendered their resignations from the Board and the Board unanimously accepted those resignations.
The Board unanimously appointed Dr. Anthony R. Melman Chairman of the Finance Committee, replacing Mr. Reardon, and Rebecca MacDonald Chairman of the Corporate Governance and Nominating Committee, replacing Ms. Hoeg.
About Canadian Pacific
Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of Canadian Pacific.
Tuesday, July 21, 2015
Tuesday, July 14, 2015
Swissport International expands presence of its Air Cargo Services in Austria
Zurich/Graz, 14 July 2015 - Swissport International, the world’s leading provider of ground and air cargo services to the aviation industry, and Flughafen Graz Betriebs GmbH, have signed a Letter of Intent to form a joint venture with the aim of providing air cargo services at Graz Airport. The start of the operations of the joint venture Swissport Cargo Services Graz is planned for the beginning of 2016.
Swissport Cargo Services Graz will provide comprehensive cargo services at Graz Airport in Austria. The newly formed joint venture will handle approximately 10.000 tonnes of air cargo per year for its customers – airlines and freight-forwarders. Clients at Graz Airport will benefit from further improved quality standards paired with local know-how and established infrastructures. The operational setup will remain as it is.
A clear benefit of the new joint venture Swissport Cargo Services Graz for airlines and logistics companies is its location on the premises of the airport, thus offering direct access and handling facilities for air cargo. The existing customer base and the experienced staff add to this, making the new service provider Swissport Cargo Services Graz ideally equipped to offer its customers the best possible service.
“Over the last months, we have led intense talks with Swissport International in order to lift the future of the cargo business at Flughafen Graz onto an even better basis”, explain Dipl. Ing. Wolfgang Malik, Chairman of the Board of the Holding Graz, and Mag. Gerhard Widmann, Managing Director of Graz Airport. “Our aim was a close cooperation, which would lead to an expansion of cargo activities and the service offering as well as an improvement of the service quality, all of which would ultimately profit not only Graz Airport but also the economy of Styria. We are very happy that we have achieved our aim in the form of a joint venture with the world’s biggest service provider in the area of air cargo services.”
“We are proud partners in this joint venture”, said Philipp Joeinig, Executive Vice President Europe at Swissport International. “What makes this cooperation special is the fact that we can build on existing as well as future client relations in order to expand our cargo offering in Austria from Vienna to Graz and beyond that in the future. We are looking forward to working with Flughafen Graz Betriebs GmbH and its experienced and motivated staff to jointly providing best-of-breed cargo services to a growing number of clients in Austria.”
Swissport International Ltd. provides ground services for around 229 million passengers and handles 4.1 million tonnes of cargo a year on behalf of some 700 client-companies in the aviation sector. With a workforce of more than 60,000 personnel, Swissport is active at more than 270 stations in 48 countries across five continents, and generates consolidated operating revenue of CHF 3.0 billion. www.swissport.com
With approximately 900.000 passengers annually Airport Graz is the third biggest regional airport in Austria. Through its extensive line traffic with connections to important hubs such as Frankfurt, Vienna, Munich, Zurich, Berlin, Dusseldorf, Instanbul and Palma de Mallorca and a total of roughly 50 destinations during summer schedule, the airport has established itself as an important platform for the economy and tourism sectors not only in Styria but in neighbouring Kaerten, southern Burgenland and Slovenia. www.flughafen-graz.at
Swissport Cargo Services Graz will provide comprehensive cargo services at Graz Airport in Austria. The newly formed joint venture will handle approximately 10.000 tonnes of air cargo per year for its customers – airlines and freight-forwarders. Clients at Graz Airport will benefit from further improved quality standards paired with local know-how and established infrastructures. The operational setup will remain as it is.
A clear benefit of the new joint venture Swissport Cargo Services Graz for airlines and logistics companies is its location on the premises of the airport, thus offering direct access and handling facilities for air cargo. The existing customer base and the experienced staff add to this, making the new service provider Swissport Cargo Services Graz ideally equipped to offer its customers the best possible service.
“Over the last months, we have led intense talks with Swissport International in order to lift the future of the cargo business at Flughafen Graz onto an even better basis”, explain Dipl. Ing. Wolfgang Malik, Chairman of the Board of the Holding Graz, and Mag. Gerhard Widmann, Managing Director of Graz Airport. “Our aim was a close cooperation, which would lead to an expansion of cargo activities and the service offering as well as an improvement of the service quality, all of which would ultimately profit not only Graz Airport but also the economy of Styria. We are very happy that we have achieved our aim in the form of a joint venture with the world’s biggest service provider in the area of air cargo services.”
“We are proud partners in this joint venture”, said Philipp Joeinig, Executive Vice President Europe at Swissport International. “What makes this cooperation special is the fact that we can build on existing as well as future client relations in order to expand our cargo offering in Austria from Vienna to Graz and beyond that in the future. We are looking forward to working with Flughafen Graz Betriebs GmbH and its experienced and motivated staff to jointly providing best-of-breed cargo services to a growing number of clients in Austria.”
Swissport International Ltd. provides ground services for around 229 million passengers and handles 4.1 million tonnes of cargo a year on behalf of some 700 client-companies in the aviation sector. With a workforce of more than 60,000 personnel, Swissport is active at more than 270 stations in 48 countries across five continents, and generates consolidated operating revenue of CHF 3.0 billion. www.swissport.com
With approximately 900.000 passengers annually Airport Graz is the third biggest regional airport in Austria. Through its extensive line traffic with connections to important hubs such as Frankfurt, Vienna, Munich, Zurich, Berlin, Dusseldorf, Instanbul and Palma de Mallorca and a total of roughly 50 destinations during summer schedule, the airport has established itself as an important platform for the economy and tourism sectors not only in Styria but in neighbouring Kaerten, southern Burgenland and Slovenia. www.flughafen-graz.at
BNSF Logistics Acquires Transportation Technology Services
July 14, 2015, Flower Mound, TX - BNSF Logistics, LLC, an international multi-modal logistics service provider, today announced the acquisition of Transportation Technology Services, a widely recognized leader in engineering and logistics services focused on rail solutions for over-dimensional cargoes with particular expertise and market presence in the wind energy industry. The transaction follows other wind energy investments, including BNSFL’s Blade Runner technology investments, which are research and development efforts focused on the emerging longer dimensional aspects of the wind energy market. Since their founding in 2001 as a rail engineering company, TTS has evolved to become a highly respected provider of specialty services ranging from railcar design to loading, inspection and management of complex project cargo shipments.
“TTS’s engineering and design capabilities, extensive wind fixtures, and rail transload locations coupled with their talent, and market expertise in industrial products are a perfect fit for our broader expansion into the industrial products sector that handles freight of all sizes. When combined with our existing multi-modal and transload capabilities, BNSFL becomes a leader in North America in multi-modal capacity and ability for the Industrial Products sector,” commented Ray Greer, BNSFL’s President. “The innovation and value we will be able to bring to our customers just increased significantly,” he further stated in a press release.
Currently managing a fleet of nearly 2,000 rail cars for various clients, of which 1,200 are equipped with patented fixtures designed to handle wind turbine components including blades, tower sections and nacelles, TTS is a significant addition to the more than 9,700 rail shipments BNSF Logistics currently manages. With the ongoing development of BNSFL’s Blade Runner technology to handle ever lengthening turbine blades via ocean and rail, the combined company will have an extensive and flexible fleet of wind component handling systems in North America. Between the two companies, BNSFL and TTS have collectively developed and managed nearly 50 unique project cargo transload sites across the U.S. over the past six years.
Scott Landrum, TTS’s founder and president added, “The TTS team is excited to have the resources and support of BNSF Logistics and their team to enable us to expand further in offering our customers the best solutions and greatest value for managing complex shipping needs anywhere in the world.”
TTS will become the U.S. Rail, Project Cargo and Engineering Services division for BNSFL. The combined unit will have extensive capacity, hundreds of years of combined practical experience and strong relationships and credibility with the major players in Wind Energy, Power Generation, Oil & Gas, Heavy Machinery and the EPC and Manufacturing communities.
BNSF Logistics’ stated vision is: To be a premier, global, multi-modal logistics services and solutions provider serving North American clients here and around the world. The company has been moving forward, developing organically and through acquisition to achieve that vision. TTS’s strong competencies, industry standing and customer confidence in wind energy logistics, rail services for over-dimensional and project cargo, as well as their deep engineering and design capabilities address organizational and service portfolio needs within BNSF Logistics. With a dozen engineers and design specialists on staff and a field services team of similar size, TTS has strong expertise in areas that are critical to effectively planning and executing over-dimensional freight movements by rail.
Scott Landrum and John Dalman, TTS’s General Manager, are continuing with the new organization in key senior leadership roles with the new Rail, Project Cargo and Engineering services division of BNSF Logistics. The company is well-positioned with existing staff, and also expects to support the current growth trend by making additional hires in the months ahead. Additional terms and conditions of the transaction are not being disclosed.
About BNSF Logistics, LLC
BNSF Logistics, LLC is an indirect, wholly owned subsidiary of Burlington Northern Santa Fe, LLC, a Berkshire Hathaway company. A multi-modal, 3rd party logistics services provider specializing in movement of freight around the globe, featuring uncommon service scope, resources and financial depth. The company operates over 40 offices throughout North America, with over 120 FCPA certified Global Service Providers (GSPs) for import and export of general and project cargoes throughout the world.
About Transportation Technology Services
TTS is a Southlake, Texas-based provider of rail engineering & design services and a logistics planning & service provider specializing in movement of wind energy components and other over-dimensional cargoes via multiple modes. They operate a network of rail transload yards across North America and have a number of wind component fixtures and specialty cars for handling extremely heavy rail shipments.
Monday, July 13, 2015
TIACA WELCOMES FIVE NEW MEMBERS TO ITS BOARD OF DIRECTORS
New officers broaden global reach and bring wider scope of expertise to the TIACA board
Miami, USA, Monday, 13th July 2015 – Five new board members, from Asia, Europe, and North America, have been elected to TIACA’s Board of Directors representing a wide range of sectors in the industry.
The new officers bring experience of the integrator, chartering, all cargo carrier, and airport sectors.
“TIACA is the only Association representing every part of the global supply chain and our Board of Directors reflects that breadth and diversity,” said Doug Brittin, Secretary General, TIACA.
“They bring important insight into the issues facing different areas of our industry, adding richness and diversity to our leadership.
“We are looking forward to working with them and benefitting from their expertise and experience.”
The new Board members are: Amy Smith, Head of Customs and Regulatory Affairs, DHL Express (USA), Inc, Chee Meng Wong, Senior Vice President, Cargo Services, SATS, Russi Batliwala, Chief Executive Officer, Chapman Freeborn Airchartering Ltd, Oliver Gritz, Chief Commercial Officer, MD Europe, Worldwide Air Logistics Group, Inc, and Greg Guillaume, Senior Vice President (Strategic Development), Atlas Worldwide Holdings Ltd.
About TIACA
The International Air Cargo Association (TIACA) represents, supports, informs, and connects every element of the global air freight supply chain.
TIACA lobbies governments and regulators, provides valuable networking opportunities, organizes and hosts leading industry events, and gives guidance, advice, and specialist career development training for members.
We champion every size of business, and help shape the policy which affects all our members, providing a unifying voice for the industry, working for global standards, and raising the profile of air cargo.
TIACA is a not-for-profit trade association representing aircraft manufacturers, airports, all-cargo airlines, combination carriers, consultants, Customs brokers, educational institutions, equipment manufacturers, general sales agents, ground handlers, freight forwarders, integrators, IT systems providers, logistics companies, road carriers, shippers and screening technology developers.
Wednesday, July 8, 2015
MIQ LOGISTICS NAMED A TOP PRIVATELY-HELD COMPANY FOR FIFTH TIME
OVERLAND PARK, Kan., July 8, 2015 – MIQ Logistics proudly announces that, for the fifth consecutive year, it is ranked on Ingram’s list of Top 100 Privately Held Companies in the greater Kansas City area. The 2015 report again places MIQ Logistics in the list’s top 40.
“We are pleased by the results of Ingram’s evaluation because it accurately reflects our financial stability and ongoing revenue growth,” says John Carr, president and chief executive officer-MIQ Logistics. “Customers trust us with their supply chains, and we’re proving, year after year, that we have the seasoned professionals, scalable services, global scope, and state-of-the-art technologies to add efficiencies and create bottom-line savings for them.”
Ingram’s magazine develops its Top 100 Privately Held Companies list through direct surveys, interviews with key executives, public records and its rankings of top businesses by sector. Among other things, it considers the revenue, headcount and number of locations of businesses and non-profit organizations, which are locally based or report market-specific numbers. The complete list is published in the June 2015 edition of the magazine.
About MIQ Logistics
MIQ Logistics is a global logistics company headquartered in Overland Park, Kan., and with offices in North America, Asia, Europe and Latin America. MIQ Logistics enables companies to improve their transportation network and overall supply chain efficiency by offering flexible logistics solutions supported by Web-native technology and global logistics management capabilities.
“We are pleased by the results of Ingram’s evaluation because it accurately reflects our financial stability and ongoing revenue growth,” says John Carr, president and chief executive officer-MIQ Logistics. “Customers trust us with their supply chains, and we’re proving, year after year, that we have the seasoned professionals, scalable services, global scope, and state-of-the-art technologies to add efficiencies and create bottom-line savings for them.”
Ingram’s magazine develops its Top 100 Privately Held Companies list through direct surveys, interviews with key executives, public records and its rankings of top businesses by sector. Among other things, it considers the revenue, headcount and number of locations of businesses and non-profit organizations, which are locally based or report market-specific numbers. The complete list is published in the June 2015 edition of the magazine.
About MIQ Logistics
MIQ Logistics is a global logistics company headquartered in Overland Park, Kan., and with offices in North America, Asia, Europe and Latin America. MIQ Logistics enables companies to improve their transportation network and overall supply chain efficiency by offering flexible logistics solutions supported by Web-native technology and global logistics management capabilities.
Tuesday, July 7, 2015
Trailer Wizards Expands Service Facility in Delta BC
Trailer Wizards announces the expansion of their facility located on 10387 Nordel Court in Delta, British Columbia.
Vancouver, BC, July 07, 2015 - Trailer Wizards has announced the expansion of their facility located in Delta, British Columbia. The expanded 13,500 square foot facility features 24 bays and provides trailer rentals, leasing, service and parts for the company's BC customers. It is easily accessible for the company's customers, as it is located off of the South Fraser Perimeter Highway, near ports as well as the U.S.-Canada border and the Trans-Canada Highway. The facility features a newly updated office and dispatch areas and ensures Trailer Wizards can continue to service customers that had used the company's previous facility, located in Langley, BC, following its closure on June 30.
“Since 1963, Trailer Wizards has serviced the BC market and, by expanding our Lower Mainland operation, all employees are now together under one roof at the new Delta facility, “ Craig McConnell, Vice President of Trailer Wizards’ BC region explained in a press release. “This expansion increases the size and capacity of our service department, the footprint of our parts department, and brings together our rental and sales teams, allowing us to better service our growing base of customers.”
About Trailer Wizards:
Trailer Wizards Ltd. is Canada’s largest and only national commercial trailer rental, leasing, sales, storage, parts and service company. For over 50 years, Trailer Wizards has been delivering professional commercial trailer solutions with fast, customer-friendly service while continuously driving out costs. Trailer Wizards is a 2014 winner of Canada’s Best Managed Companies program providing “Local Service… Nationwide”.
Vancouver, BC, July 07, 2015 - Trailer Wizards has announced the expansion of their facility located in Delta, British Columbia. The expanded 13,500 square foot facility features 24 bays and provides trailer rentals, leasing, service and parts for the company's BC customers. It is easily accessible for the company's customers, as it is located off of the South Fraser Perimeter Highway, near ports as well as the U.S.-Canada border and the Trans-Canada Highway. The facility features a newly updated office and dispatch areas and ensures Trailer Wizards can continue to service customers that had used the company's previous facility, located in Langley, BC, following its closure on June 30.
“Since 1963, Trailer Wizards has serviced the BC market and, by expanding our Lower Mainland operation, all employees are now together under one roof at the new Delta facility, “ Craig McConnell, Vice President of Trailer Wizards’ BC region explained in a press release. “This expansion increases the size and capacity of our service department, the footprint of our parts department, and brings together our rental and sales teams, allowing us to better service our growing base of customers.”
About Trailer Wizards:
Trailer Wizards Ltd. is Canada’s largest and only national commercial trailer rental, leasing, sales, storage, parts and service company. For over 50 years, Trailer Wizards has been delivering professional commercial trailer solutions with fast, customer-friendly service while continuously driving out costs. Trailer Wizards is a 2014 winner of Canada’s Best Managed Companies program providing “Local Service… Nationwide”.
Monday, July 6, 2015
Announcement: GE CAPITAL, CANADA AND GAZ MÉTRO
GE CAPITAL, CANADA AND GAZ MÉTRO JOIN FORCES TO ACCELERATE TRUCKING INDUSTRY’S MOVE TO NATURAL GAS
Montreal [QC], July 6, 2015 – GE Capital, Canada and Gaz Métro Transport Solutions (GMTS), a subsidiary of Gaz Métro, announced today the signing of a strategic agreement that will facilitate the trucking industry’s adoption of natural gas as a fuel in Eastern Canada.
GE Capital has been providing wholesale and retail financing to the country’s commercial trucking sector for 35 years. Since its creation in 2010, GMTS has become a leader in the alternative fuels space in Quebec, both for the advisory role it provides to companies and for its deployment of natural gas refueling stations.
Under this agreement, fleet operators will work with GMTS for natural gas supply and purchase and, separately, with GE Capital to secure loans or leases for natural gas vehicles (NGVs). NGVs that are eligible under this agreement use either compressed natural gas (CNG) or liquefied natural gas (LNG).
“As someone with nearly a decade of experience in the transportation industry, I understand how critical it is for fleet operators to reduce their fuel costs. To remain competitive, they need to cut 3%-5% annually just to keep up with the market,” said Véronique Haché, strategic initiative leader for natural gas vehicles at GE Capital. “Transitioning to natural gas is a smart way to diversify their fuel portfolios and reduce those costs. Through this agreement, we’re giving trucking company leaders the financial motivation to make the shift from diesel to nat-gas.”
"This agreement reinforces GMTS’s turn-key approach by adding a financial partner to accompany the fleet operators in their transition to natural gas," said Luc Génier, president of the board of directors of GMTS in a press release. "We are confident that combining our respective expertise will have a positive effect on the adoption of natural gas as a fuel for the trucking industry in Eastern Canada."
Some other important drivers of the transition to natural gas:
* Fuel is one of the highest costs in the trucking industry, amounting to as much as 40% of a trucking company’s expenses[i]. Moreover, natural gas can cost up to 30% less than diesel, and according to the International Energy Agency, this gap should remain for many years to come[ii].
* Natural gas engines allow trucking companies to reduce their environmental footprint because natural gas emits up to 25% less greenhouse gas (GHG) than diesel[iii]l.
* The transportation sector is the largest emitter of GHG in Quebec, amounting to 44.7% of the province’s total emissions, according to the Minister of Sustainable Development, Environment and the Fight against Climate Change[iv]. More than one-third of these emissions can be attributed to merchandise road transportation with its heavy-duty diesel-powered vehicles, it has said.
The Blue Road
Introduced by GMTS and launched in 2011, the Blue Road is the first LNG fuelling stations network in Canada. The Blue Road currently includes five fuelling stations in total, including three public stations in Lévis (QC), Cornwall (ON) and Sainte-Julie (QC). A fourth station to be open in Rivière-du-Loup (QC) over the next months will continue the route towards Gaspesie and the Eastern provinces.
In response to the market's enthusiasm for natural gas as a fuel, many private and public CNG refueling sites have also emerged in recent years, paralleling the Blue Road.
About GE Capital
With 16 offices throughout Canada, GE Capital (www.gecapital.ca) offers a wide variety of financial products and services to address commercial financing and fleet management needs in many phases of a business' lifecycle. From equipment finance to working capital and growth financing to large asset-based and restructuring loans, we apply our 30 years of experience in the Canadian market and wealth of industry expertise to develop custom solutions for your company. Some of the industries in which we specialize include transportation, construction, manufacturing, aerospace, automotive, mining, energy, wholesale, retail, and restaurant and hotel franchise financing.
GE Capital offers customers around the globe an array of financial products, services and insights to help them grow their businesses.
GE (NYSE: GE) imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world. www.ge.com
About Gaz Métro Transport Solutions
Gaz Métro Transport Solutions (GMTS), an affiliate of Gaz Métro, was created in 2010 to encourage the transportation industry to switch to natural gas, a more economic and cleaner alternative to diesel in heavy transportation. GMTS is committed to developing a market for CNG and LNG as sources of fuel. GMTS offers turn-key solutions to fleet owners to accompany them throughout their transition projects using natural gas as a source of fuel. GMTS introduced and launched the Blue Road in 2011 and has become since a leader in the alternative fuels space in Quebec, both for the advisory role it provides to companies and for its deployment of refueling stations. www.gazmetrost.com
About Gaz Métro
With more than $6 billion in assets, Gaz Métro is a leading energy provider. It is the largest natural gas distribution company in Quebec, where its network of over 10,000 km of underground pipelines serves more than 300 municipalities and more than 195,000 customers. Gaz Métro is also present in Vermont, producing electricity and distributing electricity and natural gas to meet the needs of more than 305,000 customers. Gaz Métro is actively involved in the development and operation of innovative, promising energy projects, including natural gas as fuel and liquefied natural gas as a replacement for higher emission-producing energies, the production of wind power, and the development of biomethane. Gaz Métro is a major energy sector player that takes the lead in responding to the needs of its customers, regions and municipalities, local organizations and communities while also satisfying the expectations of its Partners (Gaz Métro inc. and Valener) and employees. www.gazmetro.com
Montreal [QC], July 6, 2015 – GE Capital, Canada and Gaz Métro Transport Solutions (GMTS), a subsidiary of Gaz Métro, announced today the signing of a strategic agreement that will facilitate the trucking industry’s adoption of natural gas as a fuel in Eastern Canada.
GE Capital has been providing wholesale and retail financing to the country’s commercial trucking sector for 35 years. Since its creation in 2010, GMTS has become a leader in the alternative fuels space in Quebec, both for the advisory role it provides to companies and for its deployment of natural gas refueling stations.
Under this agreement, fleet operators will work with GMTS for natural gas supply and purchase and, separately, with GE Capital to secure loans or leases for natural gas vehicles (NGVs). NGVs that are eligible under this agreement use either compressed natural gas (CNG) or liquefied natural gas (LNG).
“As someone with nearly a decade of experience in the transportation industry, I understand how critical it is for fleet operators to reduce their fuel costs. To remain competitive, they need to cut 3%-5% annually just to keep up with the market,” said Véronique Haché, strategic initiative leader for natural gas vehicles at GE Capital. “Transitioning to natural gas is a smart way to diversify their fuel portfolios and reduce those costs. Through this agreement, we’re giving trucking company leaders the financial motivation to make the shift from diesel to nat-gas.”
"This agreement reinforces GMTS’s turn-key approach by adding a financial partner to accompany the fleet operators in their transition to natural gas," said Luc Génier, president of the board of directors of GMTS in a press release. "We are confident that combining our respective expertise will have a positive effect on the adoption of natural gas as a fuel for the trucking industry in Eastern Canada."
Some other important drivers of the transition to natural gas:
* Fuel is one of the highest costs in the trucking industry, amounting to as much as 40% of a trucking company’s expenses[i]. Moreover, natural gas can cost up to 30% less than diesel, and according to the International Energy Agency, this gap should remain for many years to come[ii].
* Natural gas engines allow trucking companies to reduce their environmental footprint because natural gas emits up to 25% less greenhouse gas (GHG) than diesel[iii]l.
* The transportation sector is the largest emitter of GHG in Quebec, amounting to 44.7% of the province’s total emissions, according to the Minister of Sustainable Development, Environment and the Fight against Climate Change[iv]. More than one-third of these emissions can be attributed to merchandise road transportation with its heavy-duty diesel-powered vehicles, it has said.
The Blue Road
Introduced by GMTS and launched in 2011, the Blue Road is the first LNG fuelling stations network in Canada. The Blue Road currently includes five fuelling stations in total, including three public stations in Lévis (QC), Cornwall (ON) and Sainte-Julie (QC). A fourth station to be open in Rivière-du-Loup (QC) over the next months will continue the route towards Gaspesie and the Eastern provinces.
In response to the market's enthusiasm for natural gas as a fuel, many private and public CNG refueling sites have also emerged in recent years, paralleling the Blue Road.
About GE Capital
With 16 offices throughout Canada, GE Capital (www.gecapital.ca) offers a wide variety of financial products and services to address commercial financing and fleet management needs in many phases of a business' lifecycle. From equipment finance to working capital and growth financing to large asset-based and restructuring loans, we apply our 30 years of experience in the Canadian market and wealth of industry expertise to develop custom solutions for your company. Some of the industries in which we specialize include transportation, construction, manufacturing, aerospace, automotive, mining, energy, wholesale, retail, and restaurant and hotel franchise financing.
GE Capital offers customers around the globe an array of financial products, services and insights to help them grow their businesses.
GE (NYSE: GE) imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world. www.ge.com
About Gaz Métro Transport Solutions
Gaz Métro Transport Solutions (GMTS), an affiliate of Gaz Métro, was created in 2010 to encourage the transportation industry to switch to natural gas, a more economic and cleaner alternative to diesel in heavy transportation. GMTS is committed to developing a market for CNG and LNG as sources of fuel. GMTS offers turn-key solutions to fleet owners to accompany them throughout their transition projects using natural gas as a source of fuel. GMTS introduced and launched the Blue Road in 2011 and has become since a leader in the alternative fuels space in Quebec, both for the advisory role it provides to companies and for its deployment of refueling stations. www.gazmetrost.com
About Gaz Métro
With more than $6 billion in assets, Gaz Métro is a leading energy provider. It is the largest natural gas distribution company in Quebec, where its network of over 10,000 km of underground pipelines serves more than 300 municipalities and more than 195,000 customers. Gaz Métro is also present in Vermont, producing electricity and distributing electricity and natural gas to meet the needs of more than 305,000 customers. Gaz Métro is actively involved in the development and operation of innovative, promising energy projects, including natural gas as fuel and liquefied natural gas as a replacement for higher emission-producing energies, the production of wind power, and the development of biomethane. Gaz Métro is a major energy sector player that takes the lead in responding to the needs of its customers, regions and municipalities, local organizations and communities while also satisfying the expectations of its Partners (Gaz Métro inc. and Valener) and employees. www.gazmetro.com
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