THE Canadian National Railway (CN) plans to build a C$250 million (US$198.6 million) intermodal and logistics hub adjacent to its main line at Milton, 30 miles west of Toronto.
Milton, Ontario, has ready access to major highways reaching key industrial and commercial areas in the Greater Toronto-Hamilton Area (GTHA), said CN.
"CN's advanced intermodal and logistics facility in Milton will help us efficiently handle growing intermodal traffic," said CN president and CEO Claude Mongeau.
"The new hub will benefit our customers and the regional economy by improving central Canada's access to the key transborder market as well as the Pacific and Atlantic coast trade gateways we serve, generating new supply chain efficiencies in the GTHA," he said.
CN's intermodal business is principally containerised international and domestic cargo moving in cooperation with trucks and ocean-going ships is one of the company's fastest growing business segments and its largest single business unit with 2014 revenues of more than C$2.7 billion, said the CN statement.
The new Milton facility will complement Brampton Intermodal Terminal (BIT), CN's existing Toronto-area intermodal terminal in Brampton. BIT, which is nearing capacity, but will continue to operate for the long term.
CN believes the new intermodal and logistics hub will generate specific supply chain benefits in the GTHA. By facilitating logistics development in Milton and the Regional Municipality of Halton, the facility is expected to attract more warehousing distribution centres.
DCs have opened near Milton in recent years owing to land availability and highway access supplying more intermodal capacity and container availability for exporters in the southwest area of the GTHA.
WORLD SHIPPING
24 March 2015 - 21:00
Canadian National to build intermodal hub near Toronto as Brampton fills up
THE Canadian National Railway (CN) plans to build a C$250 million (US$198.6 million) intermodal and logistics hub adjacent to its main line at Milton, 30 miles west of Toronto.
WORLD SHIPPING
24 March 2015 - 21:00
Canadian National to build intermodal hub near Toronto as Brampton fills up
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