Cando Rail & Terminals, one of North America’s largest owners and operators of first and last mile rail infrastructure, will acquire a 900-car storage, staging, and transload terminal in Houston.
The Manitoba-based Cando will acquire the Channelview Terminal from Texas Deepwater Partners, the company said today (Friday, Oct. 3, 2025).
“We are very pleased to add our first terminal in the United States to our network of terminals,” Cando CEO Brian Cornick said in a statement. “The Cando Channelview Terminal is a multi-customer, multi-purpose railcar storage, staging, and transload terminal strategically located on the north side of the Houston Ship Channel, serving many of the world’s largest petrochemical producers.”
The terminal, on the north side of the Houston Ship Channel, connects with BNSF Railway, Union Pacific, and Canadian Pacific Kansas City via the Port Terminal Railroad Association.
“This asset is right down the middle of the fairway for Cando, and we look forward to engaging with the PTRA, existing customers, and new customers to enhance their supply chains and expand the terminal,” Cornick said. “In addition, we are excited to be the exclusive rail partner to Texas Deepwater and support its plans to further develop the site.”
On closing of the transaction by the end of the fourth quarter, the company will own and operate 15 rail terminals and one short line railway, in addition to providing rail operations at more than 50 customer locations. Terms of the deal were not disclosed.
