U.S. Watco purchased 31 terminal operations

CBH_10_entering_Yillimining_yardU.S. Watco transport company has reached a definitive agreement  with Kinder  Morgan  Terminals  (KMT) to  purchase  31 Terminal  operations in  the  U.S.  that  span  from  Stockton,  California, to  Brooklyn,  New  York.
Watco  Terminal  and  Port  Services  will  be  operating  the  31 locations  including 14 traditional  rail  to  truck  transload  and  switching  facilities,  13  operations  on  inland  waterways  servicing  bulk  and  break-¬‐bulk  customers  to  and  from  barge,  truck,  and  rail, 3  sites  providing  deepwater stevedoring  with material  handling  activities  and  1inland  river  tank  farm.
Consideration  for  the  terminals  is  provided  through  an  equity  interest  exchange  with  closing  occurring  in  multiple  phases  beginning  in  the  first  quarter  of  2015.
“This  is  an  expansion  of  Watco  services  that  will  bring  several  great  connections  between  terminals,  ports,and  railroads.  We  think  this  has  strong  growth  opportunities  for  each  of  these  locations,  their  customers,  and  the  communities  they  serve,” Watco  President  Rick  Baden said.


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