Richardson re-opens Thunder Bay Terminal and doubles

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Richardson re-opens Thunder Bay Terminal and doubles capacity

WINNIPEG, CANADA, June 5, 2014 (GLOBE NEWSWIRE) -- Richardson International Limited has more than doubled its capacity in the Port of Thunder Bay by re-opening the Current River terminal, which was part of the Viterra acquisition in May 2013.   
 
The Current River terminal, which has a storage capacity of 235,000 tonnes, complements Richardson's heritage Thunder Bay terminal. Richardson's original terminal, which the company opened in 1919, has 208,000 tonnes of storage, bringing Richardson's total storage capacity in the Port of Thunder Bay to 443,000 tonnes.
 
Last June, Richardson began cleaning and restoring the Current River Terminal, which had not been in operation for the past three years. The required work included cleaning up the facility and grounds, commissioning the scales and re-starting the terminal's operating systems. The first rail cars were received in October and the terminal began loading vessels in November.
 
"It was a team effort on the part of our terminal management and all employees to take a mothballed facility and breathe new life into it to enhance our operations in Thunder Bay," says Darwin Sobkow, Executive Vice-President, Agribusiness Operations & Processing. "Current River is an excellent complement to our heritage facility and will allow us to increase receiving and shipping efficiencies and capitalize on our ability to handle grains and oilseeds through the Eastern Canadian corridor."
 
Richardson's Current River terminal received both the first laker and the first salt water ship of the 2014 Thunder Bay shipping season. The terminal, which will handle mainly canola, oats and wheat, loaded its first vessel of the season on April 22, a full month later than usual given the extreme winter weather that delayed the thaw of the Great Lakes.
 
"We have really just begun to operate the Current River terminal and will look for ways to enhance it," says Sobkow. "At Richardson, we are committed to investing in our network across the country to continue to be a leader and enhance our service to our customers at home and around the world."
 
Richardson International is Canada's largest agribusiness and recognized as a global leader in agriculture and food processing. Based in Winnipeg, Richardson is a worldwide handler and merchandiser of all major Canadian-grown grains and oilseeds and a vertically-integrated processor and manufacturer of oats and canola-based products. One of Canada's Best Managed Companies, Richardson has over 2,500 employees across Canada and the U.S.
 
A photo accompanying this release is available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=25755

For more information and photos, please contact: Tracey Shelton Director, Corporate Communications (204) 934-5169 or (204) 799-2838 (cell)

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Icebox Takes on Buckhead with Diamonds and Discounts

Updated Category News Views 4

So, Atlanta's Icebox Diamonds & Watches just dropped a news bomb that could shake up anyone with a taste for glitz and a wallet ready to act. This iconic jeweler, swinging its roots from a humble family biz to a global gem, is opening up its vault with an Inventory Reduction Sale starting October 9. And folks, it’s happening right at their Buckhead flagship showroom....

Continue Reading
Bill Evans Enhances Gateway's Wealth Management Expertise

Updated Category News Views 5

Welcome Aboard, Bill Evans Some days the financial world throws a gem your way, something worth more than a rat-race racehorse in a shattered stock rally. Meet Bill Evans, a seasoned professional stepping into the vibrant arena of Gateway Financial Partners. He’s put in 29 years around the investment block, and now he’s parking himself in Glastonbury, Connecticut, set...

Continue Reading
Armor Health Strengthens Corrections Care with New Leader

Updated Category News Views 3

Fresh Blood in Correctional Healthcare Talk about stepping up where it counts! Armor Health is shaking things up, bringing in Jill Bromley as their new Regional Behavioral Health Director. The name might not ring any bells for the average Joe, but in the world of correctional healthcare, it’s like they've just upgraded from a sedan to a sports car. Armor’s game here...

Continue Reading
Morphe’s Auction Hits High Notes with Fine Jewelry

Updated Category News Views 6

Luxurious Gems Steal the Spotlight When the gavel dropped at Morphy's Fine Jewelry & Watches Auction, it set the stage for a spectacular showcase of opulent treasures. The event, highlighting 632 lots and tallying over $1.8 million in sales, left bidders buzzing in anticipation of their next chance to snag a slice of elegance. Bvlgari's Serpentine Charm In the spotlight...

Continue Reading
Chianti Classico Showcases 2027 Vintages in Florence

Updated Category News Views 4

A Grand Reunion of the Black Rooster You're not just sipping wine at a garden party—you're diving into a historic event. Come March 1-2, 2027, Florence will again host the much-anticipated Chianti Classico Collection, uniting over 200 eager producers under the iconic vaults of Stazione Leopolda. This isn't just another stop on the wine circuit; it's a pilgrimage to the...

Continue Reading
Caitlyn Brazill Takes Helm at Per Scholas: CEO Transition

Updated Category News Views 4

Caitlyn Brazill named CEO, marking a leadership shift Call this one a big baton pass in the world of workforce development. Caitlyn Brazill is stepping into the role of CEO and President at Per Scholas, effective January 1, 2027. She'll be filling the rather large shoes of Plinio Ayala, the man who's been steering the ship since its days in the Bronx, growing it into a...

Continue Reading
CellFiber Expands to Philly: Boosting US Biotech Scene

Updated Category News Views 5

CellFiber's Leap into 'Cellicon Valley' Folks, when the biotech winds start blowing, you better have your sails up. CellFiber Co., Ltd., a Tokyo-based innovator, has landed itself a comfy spot in the City of Brotherly Love. We're talking Philadelphia, folks, or, as it's dubbed in certain circles, 'Cellicon Valley.' Now if that's not a name that screams biotech pedigree, I...

Continue Reading
Toyland 2026: Blain's 'Open The Magic' Event Marks 69 Years

Updated Category News Views 5

There's something about nostalgia that hooks you right in the gut, like remembering those jittery walks through Blain's Farm & Fleet's Toyland aisles. If there's one thing these folks know, it's how to spark holiday cheer deep in the Midwest bones. Here we are, just before the dust settles on another year, and Blain's is rolling out its 69th Toyland party—a cherished...

Continue Reading
India's Women Apparel Market Grows Amid Innovation

Updated Category News Views 4

India's Women Apparel Market on the Rise The winds of fashion change are sweeping through India, and the women's apparel market is at the heart of this sartorial hurricane. Set to explode from USD 28,786.82 million in 2024 to USD 45,491.96 million by 2032, this market is turning heads with a compound annual growth rate (CAGR) of 5.21%. What's stirring this pot, you ask?...

Continue Reading
BETR Faces Securities Fraud Actions Post-Misleading Statements

Updated Category News Views 2

Unpacking the Legal Drama Around BETR The tale of Better Home & Finance Holding Company (BETR) is like a roadside crash you can't help but stare at. We're talking big, ugly losses and a chance for investors who got roughed up to throw some punches back with a securities fraud class action. The legal honchos at Howard G. Smith's law office are rallying the troops. If...

Continue Reading

Top 5 Most Recently Viewed Articles

Innovative Partnership to Develop Sustainable Aviation Fuels

Updated Category News Views 246

Strategic Collaboration for Sustainable Aviation Fuels In a significant development within the energy sector, Aramco, TotalEnergies (NYSE:TTE), and the Saudi Investment Recycling Company (SIRC) have announced a collaborative effort aimed at producing sustainable aviation fuels (SAF) in the Kingdom. This announcement coincided with a high-profile visit by the President of...

Continue Reading
Investing in Fast Food: Stocks to Savor for Growth

Updated Category News Views 149

Fast Food Stocks Facing Challenges and Opportunities The fast food industry has faced tough times recently, with many major chains noticing a drop in customer visits. This shift has led to stock performance reflecting these challenges, creating a wave of concern among investors. Fast food stock performance tells a compelling story filled with ups and downs. Some stocks...

Continue Reading
Milestone Achieved in Transformative Debt Conversion Initiative

Updated Category News Views 212

Transformative Financial Initiatives for Environmental Conservation In a landmark achievement, significant organizations have come together to execute the largest-ever debt conversion for watershed conservation in Central America. This monumental effort focuses on the Rio Lempa watershed, reinforcing the commitment to preserving vital natural resources while...

Continue Reading
How Tim Cook's Strategic Approach Enhanced Apple's Edge

Updated Category News Views 386

Understanding Tim Cook's Strategic Relationships Apple Inc. CEO Tim Cook has demonstrated an adeptness in navigating complex political landscapes, particularly during Donald Trump's presidency. This approach not only secured Apple a competitive advantage in the tech industry but has set a precedent that other leaders are now observing closely. The Unique Approach of Tim...

Continue Reading
Investors Alert: Class Action Against Methode Electronics Inc.

Updated Category News Views 198

Investors Urged to Act on Class Action Lawsuit Against Methode Electronics, Inc. Kahn Swick & Foti, LLC, spearheaded by former Attorney General Charles C. Foti, Jr., is bringing attention to a current class action lawsuit involving Methode Electronics, Inc. (NYSE: MEI). If you’re an investor who has incurred losses over $100,000, you should consider taking action....

Continue Reading