TSI Terminal Systems Inc. and DP World (Canada) Inc. Set Daytime Reservation Fee
Vancouver, B.C. June 11, 2014 –TSI Terminal Systems Inc. (TSI) and DP World (Canada) Inc. (DP World) have notified terminal users that the daytime reservation fee announced in May has now been set at $50, with terminals subsidizing the actual costs by one quarter to one half, depending on the terminal.
The amount was set following a detailed analysis of operating costs undertaken by third-party management consulting firm KPMG. Details of this analysis have been shared with Port Metro Vancouver. The use of a fee for daytime reservations is consistent with North American best practices.
The additional operating hours at the terminals will create 377 jobs (including direct, indirect and induced), reduce truck traffic and congestion during peak daytime hours, maximize the use of existing port infrastructure and create more opportunities for growth by offering a wider range of access times at the terminals for container truckers. These benefits will be achieved with no need for additional capital funding by the terminals or the governments.
Day gate reservation fees and full night gate operations are effective July 2, 2014. Day gates for trucks will operate from 08:00 to 16:30 and night gates will operate from 16:30 to 01:00, Monday through Friday. Fees and hours will apply to TSI’s Vanterm and Deltaport terminals and DP World’s Centerm terminal.
See attached infographic for additional information.
About TSI Terminal Systems Inc.
TSI Terminal Systems Inc. is a wholly-owned subsidiary of Vancouver-based GCT Global Container Terminals Inc. One of the largest North American port operators, GCT operates three principal businesses. TSI Terminal Systems Inc. in Vancouver and Delta, British Columbia; New York Container Terminal in Staten Island, New York; and Global Terminal and Container Services in Bayonne, New Jersey. www.globalterminals.com
About DP World
DP World has a portfolio of more than 65 marine terminals across six continents, including new developments underway in India, Africa, Europe and the Middle East. Container handling is the company’s core business and generates more than three quarters of its revenue. In 2013, DP World handled 55 million TEU (twenty-foot equivalent container units). With its committed pipeline of
developments and expansions, capacity is expected to rise to more than 100 million TEU by 2020, in line with market demand.
DP World has a dedicated, experienced and professional team of around 30,000 people serving its customers around the world, and the company constantly invests in terminal infrastructure, facilities and people to provide quality services today and tomorrow, when and where customers need them. In taking this customer-centric approach, DP World is building on the established relationships and superior level of service demonstrated at its flagship Jebel Ali facility in Dubai, which has been voted “Best Seaport in the Middle East” for 19 consecutive years. www.dpworld.com
For more information:
GCT Global Container Terminals Inc.
DP World (Canada) Inc.