TORONTO, Ont. – CN has announced today that it plans to build a $250 million intermodal and logistics hub in Milton, Ont.
The new hub will be adjacent to its main line in Milton.
“CN’s advanced intermodal and logistics facility in Milton will help us efficiently handle growing intermodal traffic,” said Claude Mongeau, CN president and CEO.
“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, and creating well-paying local jobs,” he added.
CN’s intermodal business is one of the company’s fast growing segments with 2014 revenues hitting more than $2.7 billion. CN transports more than C$250 billion worth of goods annually, the company claims.
The new facility will compliment the Brampton intermodal terminal (BIT) and CN believes it will generate benefits to the supply chain by:
Facilitating logistics development inMilton and the Regional Municipality of Halton, the facility is expected to attract more warehousing distribution centres (DCs) and associated employment — new DCs have opened near Milton in recent years owing to land availability and good access to the highway system; Supplying additional intermodal capacity and container availability for exporters located in the southwest area of the GTHA, and; Creating more than 1,000 direct and indirect jobs inMilton and Halton Region.
CN plans to submit a full project description for review.
“CN is committed to a comprehensive engagement process with the community at every step of this project in Milton,” Mongeau added.