Cando Rail & Terminals has achieved the prestigious Platinum Club status with the Canada’s Best Managed Companies program by retaining its Best Managed designation for seven consecutive years.
Celebrating its 30th anniversary, Canada’s Best Managed Companies program awards excellence in private Canadian-owned companies with revenues of $50 million or greater. To attain the designation, companies are evaluated on their leadership in the areas of strategy, culture and commitment, capabilities, and innovation, governance, and financial performance. Platinum is the highest level of designation companies can achieve.
“Cando is thrilled to go Platinum and join the ranks of some of the very best private companies in the world,” says Cando President & CEO Brian Cornick. “For us, this designation not only recognizes our industry-leading performance, business practices, and sustained growth, but it also recognizes our people who are the foundation of our success.”
Based in Brandon, Man., Cando has successfully grown from a small rail salvage company in 1978 to a leading international service provider of first and last mile rail service and terminal infrastructure. The company’s rail operating expertise and integrated network of rail infrastructure and Terminals connects industry to the Class 1 railways, creating win-win solutions for all involved. The company has a unique employee share purchase program that gives employees the opportunity to be part owners in the company. It is a company culture that breeds success from the ground up.
Canada’s Best Managed Companies is one of the country’s leading business awards programs recognizing innovative and world‑class businesses. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent evaluation process. Applicants are evaluated by an independent panel of judges with representation from program sponsors and special guests. The 2023 cohort of Best Managed companies share common themes such as having a people centric culture, targeting effective ESG strategies, and accelerating operational digitization.
“To become a Best Managed Platinum Club winner is a huge accomplishment,” said Derrick Dempster, Partner, Deloitte Private and Co-Leader, Canada’s Best Managed Companies program. “Companies such as Cando Rail & Terminals who attain this high standard of excellence demonstrate consistent resilience, versatility, and strategic acuity. Year after year, they thrive in a competitive, rapidly changing market. This year’s winners should take pride in attaining this prestigious award in recognition of their significant and ongoing contributions to Canada’s business landscape.”
About Canada’s Best Managed Companies Program
Canada’s Best Managed Companies program continues to be the mark of excellence for privately-owned Canadian companies. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on four levels: 1) Canada’s Best Managed Companies new winner (one of the new winners selected each year); 2) Canada’s Best Managed Companies winner (award recipients that have re-applied and successfully retained their Best Managed designation for two additional years, subject to annual operational and financial review); 3) Gold Standard winner (after three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully retained their award for 4-6 consecutive years); 4) Platinum Club member (winners that have maintained their Best Managed status for seven years or more). Program sponsors are Deloitte Private, CIBC, The Globe and Mail, Salesforce and TMX Group. For more information, visit www.bestmanagedcompanies.ca.
About Cando Rail & Terminals
Cando Rail & Terminals is Canada’s leading provider of specialized rail operating services and terminal infrastructure that allow industrial shippers to optimize their supply chains and connect to Class 1 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. Fully embedded in their customers’ supply chain, Cando Rail & Terminals ensure their customers’ products get to where they need them, when they want them. For more information, visit www.candorail.com.
Media ContactJulie Pomehichuk
Director, Marketing & Communications