Hamilton, ON – Hamilton Port Authority is pleased to welcome TFI International as its newest port partner. A leader in the North American transportation industry, TFI recently acquired long-time port tenant Toronto Tank Lines (TTL).
Founded in 1993, TTL specializes in the transportation and storage of food grade liquids, industrial chemicals, specialty oils and waxes. TTL will operate as a standalone business unit within TFI. TTL operates storage facilities at the Port of Hamilton’s Pier 26, as well as a fleet of 75 tank trailers and 45 tractor units. At its port facility, TTL can handle, store, and transload commodities from marine vessel- to railcar- to truck. TTL’s specialized transportation services are integral to several local supply chains, including agri-food, an industry that makes a $6.3 billion impact within the Golden Horseshoe economy.
“We are delighted to have Toronto Tank Lines join the TFI International group of companies,” stated Alain Bédard, Chairman, President and Chief Executive Officer of TFI International. “TTL’s strategic location in Hamilton Harbour along with its best-in-class transportation, transloading, tank storage and wash rack assets will synergistically fit into our family of tank companies across North America as we seek to accelerate its growth.”
“The Hamilton Port Authority is thrilled to welcome TFI International to the Port of Hamilton. We believe this acquisition is an important step in the evolution of Toronto Tank Lines’ business, with the new parent company bringing a range of financial and operational resources, and complementary business lines,” said Ian Hamilton, President & CEO, Hamilton Port Authority. “We also see this move in part as a reflection of Hamilton’s value proposition as a port, with the right location, multimodal infrastructure and service orientation to attract industry leaders.”
About the Port of Hamilton
The Port of Hamilton is the largest marine port in Ontario, receiving 600 vessel visits per year, both North American and international. The cargo that transits the Port of Hamilton is valued at $3.3 billion, and is connected to $6 billion in economic activity and 38,000 jobs in Ontario. The Port of Hamilton is home to 130 diverse companies, who together have invested more than $350 million in new facilities within the past decade.
Posted: March 5, 2019
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