b'8American Journal of TransportationNOVEMBER 20 - DECEMBER 17, 2023LOGISTEC operations continuing to show positive momentum in Q3By Leo Ryan, AJOTA leading Canadian marineU.S. East Coast region.and environmental services pro- Bulkactivities,both vider with a substantial Northin Canada and the USA once American commercial profile,againdeliveredstrongvol-Montreal-basedLOGISTECumes and revenue. Port logis-Corporationremainsonatics activities performed well, robustgrowthtrajectory,itsgaining shares in new markets latest financial results to end- with their last mile initiatives.September confirm. Weareseeingdiffer-For Q3 2023, the numbersenttrendsfromourequity showconsolidatedrevenueaccounted investments, Paquin totallingC$307.2million,indicated. On the one hand, up $23 million or 8.1% fromalthoughthiswasexpected, the corresponding quarter ofourcontaineractivitiesare 2022. And for the nine-monthhandlinglowervolumesin period, consolidated revenue2023 and are not seeing the amounted to $710 million, upsubstantial storage revenue as $66.4 million or 10.3%. last year. On the other hand, Among the highlights: the(POSITIVEcontinued on completionofintegrationonpage 16)Breakbulk operations in progress at Logistec terminal in Port of Montreal.April3byLOGISTECSte-vedoringofFednavsFederal Marine Terminals (FMT) for a purchase price of $105 million. Intheprocess,LOGISTEC acquired11terminalsontheField FreshU.S.EastCoast,theGreat LakesandGulfhandlingWith Less Wastebulk,breakbulk,container andprojectcargo.Withthe biggesttransactioninitshis-toryofmorethan70years, LOGISTEC thus expanded its total network to 90 terminals in 60 ports. These include former FMTterminalsinsuchports asHamilton,BurnsHarbour, Milwaukee, Eastport (Maine), PortManatee,Tampa,and Lake Charles. Overseeing this extensiveterminalnetworkis Rodney Corrigan, president of LOGISTEC Stevedoring.Whereas LOGISTEC deliv-ered good operational results duringthethirdquarterof 2023,thecompanysprof-its were however negatively impactedbyrisinginter-estratesandsuchfactors ashigherdepreciationand amortization expenses. Commenting on the finan-cialperformance,Madeleine Paquin,presidentandCEO, said:Thistoplinegrowth demonstratesthestrengthof our extensive network of ter-minals,ourinnovativeenvi-ronmentalsolutionsandthe ability of our exceptional team to deliver. We are moving into theyearsfinalstretchwith confidenceandarenewed energy on executing our plan with discipline and agility.M arineS erviCeSr evenueD ouble - Digiti nCreaSe Telematics Remote Climate Data Driven Real TimeRevenuefromthemarineTechnology Controls Insights Trackingservices segment reached $182.7 million in the third quarter of 2023,up$22 .1millionor 13.7%fromtheprioryear,Its not just the box SeaCubereflecting the full benefits ofits our approach to offering food waste mitigation solutions theintegrationoftheFMTbundled with leading edge technology that makes the difference. C O N T A I N E R L E A S I N Gnetwork. LOGISTEC reports that this increase was partlyVisit www.seacubecontainers.com to learn more. seacubecontainers.comoffset by lower general cargo volumesderivedfromthe windenergysectorinthe'