CNÆS TERMINAL CONSOLIDATION WILL BOOST MONTREAL CAPACITY 30%
Canadian National said it will build an intermodal terminal at its Taschereau Yard as part of a Can $47-million ($30 million) terminal consolidation plan.
The consolidation, scheduled for completion by the end of the year, will increase CN's intermodal capacity 30 percent.
CN will move its Montreal intermodal operations from Turcot Yard near the city's inner core to Taschereau Yard, the railroad's major switching yard for carload freight in the region.
Taschereau, about six miles from Montreal's downtown, is located near major highways.
Closing the Turcot yard will open 210 acres for real estate development.
“Trucking companies and shippers will enjoy faster entry and exit from the new terminal at Taschereau Yard,” said Paul M. Tellier, president and chief executive officer. “The new terminal will also greatly expand CN's intermodal capacity in Montreal, a major container port and production and consumption region.”
The railroad also plans a Can $40-million ($25 million) intermodal facility in Milton, Ontario, west of Toronto, and will open a Can $23-million ($15 million) intermodal terminal in Edmonton this fall.
Intermodal traffic is CN's fastest-growing business segment, improving 13 percent last year to more than 1.1 million units.