Canadian Pacific (NYSE: CP) plans to construct a new multi-commodity transload terminal near Montreal as part of its wider plans to reach eastern markets that are not very rail accessible.
CP will work with TYT Group, a freight transportation service provider headquartered in Quebec, to develop transload services and logistics offerings to customers in eastern Canada, including urban areas and those without direct access to rail. TYT Group will operate the terminal, which will be located nearby CP’s Côte Saint-Luc yard in Montreal.
The railway said construction will take place in several phases on land already owned by CP. For phase 1, which is scheduled to be completed by June 2020, CP will build a 118,000-square foot rail-served facility that will receive, unload, carry and deliver rail traffic while also having opportunities for indoor or outdoor transloading. Inside the facility will be track infrastructure to support over 18 railcars. Meanwhile, on the outside, more than 4,000 feet of existing and adjacent track will surround the facility. The facility’s layout will be constructed in such a way that will allow for future expansions, the railway said.
The yard is also located nearby Highways 13, 20, 40 and 520, and it is within proximity to the Port of Montreal.
“With a great supply chain enabler like TYT Group, this project enhances our footprint in the Montreal area by building capacity and expanding our ability to provide customers with value beyond rail, through trucking and transload services,” said John Brooks, CP’s chief marketing officer.
CP’s announcement comes as the company is seeking transloading opportunities and ways to utilize its real estate assets in a way that boosts the railway’s capacity and market presence. Interest in the Port of Montreal has also grown as the port handles increasing volumes brought about by a Canadian trade agreement with the European Union.
“We continue to leverage our strategic land holdings and invest in transloads across the network to create additional connections, improve service and provide our customers with new end markets,” Brooks said.
The announcement also comes as CP just yesterday said it would be acquiring the Central Maine & Quebec Railway short line as a means to establish a coast-to-coast network in Canada.
Noble1
Congrats to them on achieving a record low operating ratio !
However , those operating ratio’s can be sliced by another 50% without negatively affecting labourers , quality of service , and safety .
Harrison is a legend no doubt about that . He certainly “trained” his protégé K.C. quite well . However , “change” should not come at a cost of employment , safety ,quality of service .
Harrison’s efficiency improvements were not perfect . They were an improvement compared to the dinosaur mentality of running rail . However , Harrison’s flaws should be analysed and improved upon while positively contributing to the bottom line .
There’s room for much improvement !
In my humble opinion ……………