VANCOUVER, March 14, 2014 /PRNewswire/ - Due to the backlog of import cargo in containers held on our terminals caused by the trucking dispute, our Canadian subsidiary TSI Terminals Systems Inc. (TSI) has reluctantly issued force majeure ("inability to serve") to our shipping line customers. This is applicable only to import cargo in containers destined for local delivery. Import cargo to rail and all export cargo are not affected and continue to be served by the Company.
Should the trucker dispute be resolved by the parties before next week, TSI will immediately review the need to apply force majeure on our customers.
TSI welcomes the 14-point plan issued by Federal Transport Minister Lisa Raitt and Province of British Columbia Transportation and Infrastructure Minister Todd Stone last night and are hopeful for a return to full truck service at the port.
About GCT Global Container Terminals Inc.
GCT Global Container Terminals Inc. (GCT), operating as TSI Terminal Systems Inc., is one of the top four container terminal operators in North America. GCT operates two of the four container terminals in the Port of Metro Vancouver (PMV), including the largest container terminal in Canada, Deltaport. The Company handles over 75% of the containers transiting through PMV, over 65% of the containers through British Columbia, and over 45% of the containers through the country.
SOURCE GCT Global Container Terminals Inc.