- Canadian railway operator CN (CNR) is expanding its footprint in the U.S. Midwest with a new inland distribution terminal in New Richmond, Wisconsin
- The terminal will open at the beginning of March next year, and will direct CN intermodal service to the Twin Cities market
- This is expected to provide the company’s customers with better access to the large consumer regions of Minneapolis and Saint Paul, Minnesota
- Shippers will also be linked to the company’s three-coast network, which serves a range of import and export industries
- CN is currently down 1.14 per cent to C$140.11 per share
Canadian railway operator CN (CNR) is expanding its footprint in the U.S. Midwest with a new inland distribution terminal in New Richmond, Wisconsin.
The facility is scheduled to open on March 1, 2021, and will provide direct CN intermodal service to the Twin Cities market. As such, it’s expected that CN’s customers will have better access to the significant consumer regions of Minneapolis and Saint Paul, Minnesota.
In addition to the intermodal service, the multipurpose facility will feature an automotive compound for finished vehicles.
“CN’s new intermodal terminal in New Richmond will be a very important asset for our state’s exporters, particularly farmers, hardwoods producers, and manufacturers based in northern and western Wisconsin,” said Craig Thompson, Secretary-designee of Wisconsin’s Department of Transportation.
“Our Freight Advisory Committee identified intermodal transportation as their top priority and I want to thank everyone who worked together toward this goal,” he added.
The New Richmond terminal will also link shippers to CN’s extensive three-coast network, which serves a variety of import and export industries, including automotive and finished consumer goods, grain, soybean, and forest products.
“The New Richmond terminal is strategically located at the centre of the CN network, allowing direct access to our reliable, three coast rail network for importing vehicles and consumer products from around the globe,” said Keith Reardon, Senior Vice-President of Consumer Product Supply Chain at CN.
“Customers now have another direct link to their mid-west markets as well as a new and efficient option for shipping export commodities to global markets,” he concluded.
CN is currently down 1.14 per cent to C$140.11 per share at 12:52pm EST.