Canadian National Railways (CN) plans to build a C$250 million (USD 195.8 million) intermodal and logistics hub adjacent to its main line in the Town of Milton, Ontario, located approximately 30 miles west of Toronto.
CN’s intermodal business, principally containerized 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 (USD 2.1 billion).
The new Milton facility will complement Brampton Intermodal Terminal (BIT), CN’s existing Toronto-area intermodal terminal in Brampton, Ontario.
“CN’s advanced intermodal and logistics facility in Milton will help us efficiently handle growing intermodal traffic. 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,” Claude Mongeau, CN president and chief executive officer, said.
To implement this project, CN will submit a complete project description of the planned Milton hub to the Canadian Environmental Assessment Agency for review.