MONTREAL, Que. — CN Railway is building a new intermodal facility at its Taschereau Yard in Montreal as part of a $47-million consolidation of its terminals.
The consolidation, scheduled for completion by year-end 2001, will permit CN to accommodate 30 per cent more intermodal traffic at its important Montreal hub, the company explains.
It will also free up prime CN real estate for redevelopment.
CN claims that intermodal is its fastest-growing business segment, with intermodal volumes last year rising by 13 per cent, to more than 1.1 million units.
Under the terminal consolidation plan, CN’s Montreal intermodal operations will move from Turcot Yard near the city’s inner core to Taschereau Yard, the railroad’s major switching yard for carload freight in the Montreal region.
Work on the new intermodal facility will start this month.
Taschereau, some ten kilometers west of Montreal’s downtown, is located near major highways.
The new terminal will also “greatly expand” CN’s intermodal capacity in Montreal, the company says.
The other two major intermodal projects underway are a recently announced a $40-million new facility in Milton, Ont., west of Toronto, and an additional $23-million terminal to open in Edmonton this fall.