GCT Commences Deltaport Intermodal Yard Reconfiguration

DELTA, BC, Oct. 26, 2015 /CNW/ - GCT Canada, the operator of the country's flagship container terminal located in Port Metro Vancouver, announced today that the company has broken ground on its GCT Deltaport Intermodal Yard Reconfiguration Project. As the leading provider of customer-focused service in North America, this expansion provides critical private sector investment. This project ensures projected carrier rail demand is met for the Canadian and US markets, without any impact to local road traffic.

As Canada's primary Pacific Gateway, GCT is taking a leadership role to deliver capacity growth on North America's West Coast. The densification project will ensure GCT Deltaport is best equipped to handle increased volumes from the largest transpacific mega vessels calling the facility. As the premier ship-to-rail terminal on the continent, rail handling capacity will increase by more than 50%, providing customers added certainty on transit and dwell times.  As a credit to the collaborative relationship with its railway partners CN and CP, GCT Canada's US import rail volumes grew by 35% per annum from 2009-14.

JJ Ruest, Executive Vice President & Chief Marketing Officer of CN, welcomed the announcement: "Our carrier customers and beneficial cargo owners were early adopters of the strong connectivity we provide through GCT Deltaport. Together, this project demonstrates the facility has the fluidity to expedite our customers' cargo while giving them room to grow."

"GCT Canada's rail expansion provides Vancouver an even more competitive rail product, assuring our customers that their cargo will reliably get to market on time," said Keith Creel, CP's President and Chief Operating Officer. "Working with our valued partners, we will continue to drive velocity and meet the demands of our growing markets."

"This expansion provides our customers the confidence to bring their largest ship discharges to GCT Deltaport with the knowledge that the added rail capacity will expedite import container connections through CN and CP's networks," noted Stephen Edwards, President & CEO of GCT Global Container Terminals Inc. "We are particularly pleased to not only increase our capacity, but that we are doing so with an improved environmental impact on our existing footprint."

To learn about the project, visit www.globalterminalscanada.com to view our expansion videos.

About GCT Global Container Terminals Inc.
Headquartered in Vancouver, BC, GCT Global Container Terminals Inc. operates four terminals in two principal North American ports. Through GCT USA on the East Coast, the company operates two award-winning facilities: GCT New York on Staten Island, NY and GCT Bayonne in Bayonne, NJ. On the West Coast, GCT Canada operates two gateway terminals: GCT Vanterm and GCT Deltaport in Vancouver and Delta, BC. Visit www.globalterminals.com for more information about GCT.

About CN
CN (TSX: CNR) (NYSE: CNI)  is a true backbone of the economy whose team of 25,000 railroaders transports more than C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network of approximately 20,000 route-miles spanning Canada and mid-America. CN – Canadian National Railway Company, along with its operating railway subsidiaries – serves the cities and ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., and Jackson, Miss., with connections to all points in North America. For more information about CN, visit the company's website at www.cn.ca.

About CP
Canadian Pacific (TSX:CP) (NYSE: CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit www.cpr.ca to see the rail advantages of CP.

SOURCE GCT Global Container Terminals Inc.

Image with caption: "GCT Deltaport 2017 Visualization (CNW Group/GCT Global Container Terminals Inc.)". Image available at: http://photos.newswire.ca/images/download/20151026_C3586_PHOTO_EN_528486.jpg

For further information: Louanne Wong, GCT Global Container Terminals Inc., T +1 604 267 5239, lwong@globalterminals.com; Mark Hallman, CN, T +1 905 669 3384, mark.hallman@cn.ca; Jeremy Berry, CP, T +1 403 819 0571, jeremy_berry@cpr.ca

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GCT Global Container Terminals Inc.

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