Performance Team – A Maersk Company has announced plans for a new Toronto distribution centre to serve the growth of Canada’s intermodal import and export cargoes.
The new facility aims to add more distribution centre capacity while reducing storage costs related to port demurrage and detention of international container and creating new supply chain infrastructure for end-to-end solutions.
“Toronto is the fastest growing logistics intersection for goods across Canada as well as into the United States through the US border,” said Jason Walker, Executive Vice President of Operations at Performance Team.
“Our Toronto site will create a strong hub to help accelerate Canadian supply chains and strengthen their ability to face future supply chain disruption challenges.”
The Performance Team Toronto building will be located in the largest customer and consumer demand market across Canada, at a close distance between the port, airport, and the Canadian Rail Intermodal complex.
According to the company, the facility will help make Toronto supply chains more competitive and – together with the Performance Team’s existing centre in Vancouver – it will also aim to make Asia/Pacific Northwest supply chains more resilient.
The centre is expected to open in November 2022.
Earlier this month, Maersk released Q1 2022 financial results of its Ocean, Logistics and Terminals businesses, posting significant upsurges in revenue driven by higher freight rates.
