03/10/2010 AT 07:31
The Logistics Park will be designed to include a multi commodity transload and warehouse facility, an automotive compound, and a liquid/bulk transload and distribution facility. The site is strategically located a few miles east of the Calgary Airport, on Twp Road 250/ McKnight Boulevard, providing fluid access to Stoney Trail and other major roadways.
“We are very excited about business prospects in Alberta and this investment in the Calgary area,” said Claude Mongeau, CN president and chief executive officer. This facility is part of our program to grow a network of logistics parks that provide seamless and efficient transportation and distribution capabilities for customers, linking their facilities across North America.”
“Combined with CN's superior rail service offering, this is a win-win combination,” said Mongeau.
Calgary is the third largest distribution centre in Canada and is becoming the logistics hub of Western Canada, serving a rapidly expanding market. The new site provides ample space for current and planned customer initiatives, and the park will be designed to allow easy expansion as the Calgary hub continues to grow.
The new CN Logistics Park will offer the potential for a total warehousing footprint of over two million square feet to customers who need to distribute their goods across Western Canada, whether sourced from Asia through the West Coast or coming from eastern Canada and the US. CN provides the fastest rail freight transit time between Eastern and Western Canada, which will allow customers' goods to be on the shelves within three days, a major advantage in managing inventory especially in peak season.
“This is an exciting prospect for Rocky View County and ties in well with our long-term strategic direction,” stated the County's Chief Administrative Officer, Rob Coon. “An investment of this magnitude would bring substantial benefits to both the County and the Calgary regional area.”
This project will be subject to regulatory approval, including a thorough environmental assessment and public consultation. With a scheduled opening expected in 2013, most of CN's Calgary yard operations will shift to the new Logistics Park. CN will also continue to provide quality rail service to customers along its existing lines in the City of Calgary.
Metrolinx today purchased from CN the lower portion of the Newmarket Subdivision in central-north Toronto for C$68 million. The transaction gives Metrolinx end-to-end ownership of the 60-mile-long Barrie-Bradford GO Train corridor between downtown Toronto and Barrie, Ont.
Canada's Transport Minister announced the appointment of Mr. Marc Laliberté, of Boucherville, Québec, as president and chief executive officer (CEO) of VIA Rail Canada Inc. for a term of four years, effective January 4, 2010.
CN announced orders for 70 new high-horsepower locomotives from GE Transportation, a unit of General Electric Co. (GE), and Electro-Motive Diesel, Inc. (EMD).
CN unveiled an upgraded on-line greenhouse gas-emissions (GHG) calculator that estimates total carbon emissions for shipments across multiple modes of transportation.
CN announced today that it will be a Corporate Partner of the Terrace 2010 BC Winter Games.
CN marked the launch of Rail Safety Week, from April 27 to May 3, 2009, by announcing intensive efforts to prevent trespassing and railroad crossing accidents with the ultimate goal of reducing them to zero.
CN reported its financial and operating results for the first quarter ended March 31, 2009.
GO Transit and CN announced that the Toronto area commuter rail agency will acquire CN's Weston Subdivision for expanded GO service between Union Station and regions northwest of the city.
CN and Norfolk Southern announced an initiative to create a “MidAmerica Corridor” in which the railroads will share track between Chicago, St. Louis, Kentucky, and Mississippi to establish shorter and faster routes for merchandise and coal traffic moving between the Midwest and Southeast.
CN reported its financial and operating results for the quarter and year ended Dec. 31, 2008. Net income was C$573 million, or C$1.21 per diluted share, including a deferred income tax recovery of C$42 million, or C$0.09 per diluted share.