Canadian Tire Teams With Ashcroft

Canadian Tire Corporation (CTC) has signed an investment agreement with Ashcroft Terminal Ltd., British Columbia’s largest inland port, in which CTC will attain a 25 per cent equity interest in the company. The $40 million agreement will help CTC lower carbon emissions by shifting transit to rails in western Canada and allow more inventory in British Columbia to avoid excess shipping. Additionally, the agreement will allow the company to save in the long run with shorter lead times.