28 August 2017 – Fort Lauderdale, Florida
Logistec USA Inc. (“Logistec”), a subsidiary of Logistec Corporation [TSX: LGT.A and LGT.B], has signed a definitive agreement with Coleary Transport Co., Inc. (“Coleary”). Under the terms of the agreement, the companies have formed a new entity, Logistec Everglades LLC, to consolidate and expand their terminal operations and general cargo handling services at Port Everglades in Florida.
“This new partnership with Coleary will help us handle higher volumes of break-bulk in the strategic South Florida market,” said Madeleine Paquin, President and Chief Executive Officer of Logistec. “This is Logistec’s second expansion in Florida over the past six months and we are looking forward to widening our customer base in the U.S. Southeast and Gulf region.”
“Our companies have been working closely together over the past three years. We make a great team and this agreement will allow us to grow our business in Port Everglades and deliver a wider range of specialized services to our clients,” said William Coleman, President of Coleary.
Logistec has been operating in the United States for more than 20 years and handles bulk, break-bulk, and containers at various locations throughout Florida and the U.S. Gulf, including Port Everglades, Port Manatee, and Port Redwing (Port Tampa Bay). Coleary was established in 1992 and has been operating at Port Everglades since that time.
Logistec Corporation is based in Montréal (Québec) and provides specialized services to the marine community and industrial companies. It offers bulk, break-bulk and container cargo handling in some 30 ports and 40 terminals located in eastern North America. In addition, Logistec offers marine transportation and cargo services geared principally to the Arctic coastal trade, short-line rail transportation services, as well as marine agency services to foreign shipowners and operators serving the Canadian market.
Logistec also operates in the environmental sector where it provides services to industrial, municipal and governmental customers for the trenchless structural rehabilitation of underground water mains, regulated materials management, site remediation, risk assessment, and manufacturing of woven hoses.
A public company since 1969, Logistec’s shares are listed on the Toronto Stock Exchange (TSX) under the ticker symbols LGT.A and LGT.B. For more information, please visit www.logistec.com.
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