Altex is a rapidly growing Canadian controlled private corporation. Our major shareholder is Azimuth Capital Management (formerly Kern Partners) through their investment funds. We are raising additional capital from other investors through Kern Partners for expansion in Western Canada and the US.
All employees either are shareholders or have the ability to be shareholders in the company. We feel it is very important to have employees be owners in the company because this helps drive a commitment to service for our customers and value for all shareholders including our employees.
Altex is led by a multi-disciplinary executive team of seasoned business people with decades of experience and proven track records in the pipeline and rail industries, engineering and finance. The business plan of the leadership team is to further grow and implement our one-of-a-kind Pipeline on Rail model.
Successful implementation of the plan will first and foremost be achieved by continuing to build Altex’s highly skilled and dedicated team of employees. Altex has grown from just 4 employees in 2010 to over 100 employees and contractors.
We will continue to build state-of-the-art facilities from simple direct truck to rail transloads to mid-tier terminals to full unit train terminals. This allows shippers to test markets and scale up as necessary.
Our Pipeline on Rail and Service Model
Our Pipeline on Rail model is unique: Shippers deal with Altex the same way crude oil shippers traditionally would deal with a pipeline. Shippers typically pay a pipeline toll to transport their crude oil from the “pipe head” terminal to a destination terminal.
Shippers do the exactly the same with Altex only we manage even more of the elements of transporting crude oil to market and at less risk and cost. For one thing, our Pipeline on Rail can backhaul diluent in railcars at less cost than the fore haul shipment of crude oil.
We have teamed up with CN to deliver a cost effective, extremely fast, reliable and safe service. Altex and CN’s service model delivers unit train like speeds on CN’s manifest trains. This is a very cost effective solution whether you are shipping one car or thirty cars.
Of course, our service model can manage your unit train volumes. But be careful. Most “unit trains” are not true unit trains. Other service providers have you aggregate your shipments over a week or more to run a “unit train”. This is extremely inefficient and costly.