Canadian Tire Corp. this week announced it has bought a 25 percent interest in a B.C. inland port facility. For $40 million, the company acquired a stake in Ashcroft Terminal Ltd., which operates east of Vancouver near CP and CN rail lines. “Our retail supply chain is a monster machine that needs to do its job before the customer order gets fulfilled,” CEO and president Greg Hicks (pictured) said on an earnings call.
“This $40-million investment will enhance the flexibility of our supply chain and drive longer-term savings and lower carbon emissions by allowing us to stage more inventory in B.C. rather than shipping it back and forth across the country.”
