CSX Creates Opportunities For Increased Cross-Border Trade With New Intermodal Terminal In Montreal
JACKSONVILLE, Fla., Dec. 16, 2014 /PRNewswire/ — CSX (NYSE: CSX) announced the opening of a new intermodal terminal in Salaberry-de-Valleyfield near Montreal, Quebec. The facility expands CSX’s intermodal network capacity and offers Canadian customers domestic and international service that connects with the railroad’s 21,000 mile network in the United States.
“CSX continues to invest in our intermodal business as a key growth driver and we look for long-term opportunities, such as increased north-south trade access outlined by the North American Free Trade Agreement,” says Clarence Gooden, Executive Vice President and Chief Commercial Officer at CSX. “Opening a terminal near Montreal creates an opportunity to build relationships with new customers on our network, expand access to new markets, and improve the efficiency of the North American supply chain.”
The $100 million terminal, which spans 89 acres, includes cutting-edge equipment to capitalize on the efficiency and environmental benefits of intermodal rail transportation, such as three state-of-the-art rubber-tire gantry cranes – the first of their kind at an Eastern Canadian intermodal facility. Construction also incorporated environmentally sustainable innovations in the areas of noise abatement and protection of downstream waterways.
With capacity for 100,000 loads, the Valleyfield terminal is an important addition to the railroad’s unique intermodal network, which offers both point-to-point corridor service and a hub-and-spoke model that allows it to reach into small- and medium-sized markets, to capitalize on the growing demand for intermodal transport. Trains serving the new terminal will also connect through the Northwest Ohio intermodal hub, offering efficient access to markets across the United States and Canada.