The Port of Churchill and the rail line leading up to it have been sold to a group that includes Saskatchewan based pulse and specialty crop exporter AGT Food & Ingredients. After an earlier agreement-in-principle fell apart, the federal government announced the sale on Friday of the northern port and rail line from Omnitrax to… Read more »
Tag: Port of Churchill
Deal to sell Churchill port and rail line falls apart
A deal that would have seen the Port of Churchill and the Hudson Bay Railway (HBR) sold to a consortium that includes Fairfax Financial Holdings, pulse crop exporter AGT Food and Ingredients, and several dozen northern and Indigenous communities has fallen through, according to the company that currently owns the infrastructure. Omnitrax reached an agreement-in-principle… Read more »
Churchill viewed as a “viable surge port” for prairie grain, says Al-Katib
The head of one of Canada’s largest pulse crop exporting companies is optimistic we’ll see Western Canadian crops shipped through the Port of Churchill again. AGT Food & Ingredients is one of the partners in a group that has reached an agreement-in-principle to purchase the port and the rail line leading to it from OmniTrax…. Read more »
AGT Food and Ingredients part of Churchill rail and port deal
Could Western Canadian crops once again be exported through the Port of Churchill? Owner Omnitrax has reached an agreement-in-principle to sell the rail line leading to Churchill and the Port of Churchill to a consortium that includes pulse exporter AGT Food and Ingredients, according to the federal government. The Hudson Bay rail line has been… Read more »
Feds Asked to Step In to Keep Port of Churchill Running
With grain company interest waning following the end of the Canadian Wheat Board’s single desk in 2012, it appears the Port of Churchill will not be handling any grain during the upcoming shipping season. The port, which is owned by Denver-based OmniTrax, called its employees to a meeting at 3:30pm on Monday to inform them they… Read more »
OmniTrax Plans to Sell Port of Churchill, Hudson Bay Rail Line to First Nations
OmniTrax has accepted a letter of intent from a group of Northern Manitoba First Nations wanting to purchase the Port of Churchill and the Hudson Bay Railway. It was first reported several weeks ago that the Denver-based transportation company was considering selling its Manitoba assets. The letter triggers a 45 day due diligence period in which both parties… Read more »