Watco transport company has reached a definitive agreement with Kinder Morgan Terminals (KMT) to purchase 20 bulk terminal operations in the United States, expanding Watco’s terminal operations footprint to 73 locations.
The new locations include 14 locations on the inland waterways, 4 rail/truck terminals, and 2 deep water locations. The locations are focused on the dry and break bulk industries handling a diverse mix of commodities including fertilizer, ferro alloys, salt, coal, and various break-bulk products.
“This group of terminals provides yet another great opportunity to grow with our Customers. We have continued to evolve and refocus our operations and marketing efforts. We are extremely appreciative of the opportunity to provide a high level of safe and efficient service to Customers at these locations and will work to expand business in these new markets with this abundant new base of assets,” Watco Chief Operating Officer Dan Smith said.
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