October 3, 2025 - TRA Newswire - 

Cando Rail & Terminals (“Cando”), one of North America’s largest owners and operators of first and last mile rail infrastructure, has announced it has entered into a definitive agreement to acquire the rail terminal and associated operations (the “Cando Channelview Terminal”) of Texas Deepwater Partners, a joint venture project formed by USD Group LLC and Pinto Realty Partners to develop a premier energy logistics terminal on the Houston Ship Channel. 

The acquisition of a Houston terminal expands Cando’s coast-to-coast network into the Gulf Coast of the United States, providing the company a beachhead to support significant expansion plans. Cando will support both existing and new shipper-customers, as well as existing and new Class I railroad partnerships. This is Cando’s third acquisition in the last two years.

“We are very pleased to add our first terminal in the United States to our network of terminals,” said Brian Cornick, President and CEO of Cando. “The Cando Channelview Terminal is a multi-customer, multi-purpose railcar storage, staging, and transload terminal strategically located on the north side of the Houston Ship Channel, serving many of the world’s largest petrochemical producers. This asset is right down the middle of the fairway for Cando, and we look forward to engaging with the PTRA, existing customers, and new customers to enhance their supply chains and expand the terminal. In addition, we are excited to be the exclusive rail partner to Texas Deepwater and support its plans to further develop the site.”

The Cando Channelview Terminal is a private railcar storage, staging, and transload terminal with an existing capacity of 900 railcars, surplus real estate for future growth, and connects to the BNSF Railway, CPKC, and Union Pacific Railroad networks through the Port Terminal Railroad Association (“PTRA”).

Cando’s network includes 15 terminals, one short line, and rail operations at more than 50 customer locations.

“After many years focused on organic growth, Cando has built a demonstrated track record of executing and integrating strategic acquisitions to enhance our network across North America,” Cornick continued. “Cando plans to continue investing organically and inorganically in critical rail infrastructure to support shipper-customers and Class I partners. Cando is uniquely positioned with world-class operations, a corporate culture obsessed with safety & customer experience, multi-decade partnerships, and an in-house design & engineering team, combined with an investment-grade balance sheet and significant access to capital.”