Cando Completes Acquisition of TX Terminal

Cando Rail & Terminals Completes Acquisition of Rail Terminal in Texas

WINNIPEG, MB/HOUSTON, TX – December 4, 2025 – Cando Rail & Terminals (“Cando”), one of North America’s largest owners and operators of first and last mile rail infrastructure, has completed the previously announced acquisition of the rail terminal and associated operations of Texas Deepwater Partners (“Texas Deepwater”), a joint venture project formed by USD Group LLC and Pinto Realty Partners to develop a premier energy logistics terminal on the Houston Ship Channel.

“Today marks the beginning of an exciting new chapter as we add our first terminal in the United States to our network of terminals,” says Brian Cornick, President & CEO of Cando. “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. With existing capacity of 900 railcars, surplus real estate for future growth, and connections to the BNSF Railway, CPKC, and Union Pacific Railroad networks through the Port Terminal Railroad Association, the terminal supports both existing and new shipper-customers, as well as existing and new Class I railroad partnerships.”

With the acquisition, Cando’s network has the capacity to store and stage more than 13,000 railcars. The company now owns and operates 15 rail terminals and one short line railway, in addition to providing rail operations at more than 50 customer locations.

About Cando Rail & Terminals
Cando Rail & Terminals is North America’s leading provider of specialized rail operating services and terminal infrastructure that allow industrial shippers to optimize their supply chains and connect to Class I railways by leveraging Cando’s operating capabilities and network of owned multi-purpose rail terminals. The company provides a wide range of rail services including short line operations, industrial switching, material handling, terminal & transload services, railcar staging, train assembly, and related services.