Last week, Fastfrate announced that we are building a new facility in the Global
Transportation Hub (GTH) in Regina, Saskatchewan. The 10,000 sq. ft. cross
dock facility will be co-located with our long-time partner Canadian Pacific’s
intermodal rail yard, and is the first phase of a multi-phased project.
Our executive chairman Ron Tepper presented the plans for the facility to an audience
of media, business and industry guests.
“We do have plans to grow into a second and third phase. There’s an awful lot of
demand for containers to be shipped overseas for products that originate in
Saskatchewan,” said Mr. Tepper. “Currently it’s very difficult for farmers and the
shippers to get these containers because there’s not a lot empty containers that
deadhead in Regina. We’re hoping when we build this transload centre and start
bringing in these containers, they can be used for outbound shipments. It should be
very productive, not only for us, but the railway and the farmers of Saskatchewan.
We’re going to be adding people. We’re going to be adding trucks.”
CP President and CEO Fred Green described how Fastfrate and CP pioneered the
intermodal co-location strategy in 1998 which facilitates streamlined transload
processes between trucks and trains. “For a number of customers, co-location
dramatically reduces costs, lowers transit times and allows for new market growth,”
said Mr. Green.
Bill Boyd, Minister Responsible for and Chair of the Global Transportation Hub said
Fastfrate is showing confidence in Saskatchewan’s export-oriented economy. “Clearly,
it’s another carrier that has identified Saskatchewan and Regina as the place to be.”
The GTH is quickly becoming a key partner in the Asia-Pacific Corridor and a significant
Canadian transportation and logistics centre providing efficient, cost-effective access to
global markets. Fastfrate is excited and very proud to be included in this venture; we
believe it is an investment in our future, one more way of ensuring our long-term
stability and growth as a company. Mr. Tepper thanked Fastfrate’s long-time financing
partner Roynat for their support of the development of the 10th cross-dock terminal in
Canada and another successful co-located transload facility with Canadian Pacific.
We now pass the reins to VP and GM Western Canada, Kevin Hankinson, Regina
Branch Manager Darwin Bach and their teams to break ground this spring and get this
new facility up and running.