Ottawa Confederation Line Opens with Thales SelTrac™ CBTC
Metrolinx orders double-deck coaches
Greenbrier unveils new covered hoppers for grain shipments
CN to acquire Massena line from CSX
Canadian railways, government have big plans for Vancouver and Prince Rupert
Triumph and Tragedy on the Churchill Line
Record amount of Canadian oil exported by rail raises safety concerns
In pictures: tracing metros from above
CP grain train derailment claims three
Canadian National moving forward with the purchase of land for railroad terminal
(NYSE: CSX) have announced plans to offer new intermodal service between the CSX-served ports of Philadelphia, New York and New Jersey and CNI’s areas of greater Montreal and southern Ontario.
The service, which will begin on October 7, 2019, provides both rail companies with access to markets that each company has been vying for in recent years. Canadian National has expressed interest in recent months to fortify its presence in eastern Canada, including making plans to invest its resources at the ports of Halifax and Quebec. Meanwhile, CSX said this week that the service will provide CSX with access to Toronto and Montreal via CNI’s intermodal yards.
The new intermodal service will compete against trucks by converting shipments from over-the-road service to rail, which is typically less expensive.The service also might provide rate relief to ocean carriers moving goods between Montreal and the Port of New York and New Jersey.
“Answering a need expressed by our customers, this new service positions us to capture market share from trucks and increases capacity in these expedited lanes, as larger container ships call at the Port of Philadelphia and Port of New York and New Jersey,” said CSX chief executive officer Jim Foote.
The new service from CNI and CSX could be a source of volume growth for both companies in the next several years, said Amit Mehrotra, a transportation analyst with investment firm Deutsche Bank.
The distance between Philadelphia and Montreal and Toronto is highly competitive with truck, and “this dynamic emphasizes the importance of service and on-time reliability which are key pillars of precision scheduled railroading,” Mehrotra said. “Additionally, we believe this move highlights the ongoing investments that both CNI and CSX are making in their intermodal networks in order to capture additional imports coming into U.S. East Coast ports.”
CSX has an intermodal terminal in Salaberry-de-Valleyfield in Quebec, Canada, according to CSX’s website. CSX said that with the launch of the new CNI service product, CSX will discontinue service at its Valleyfield terminal.
This article first appeared on s29755.pcdn.co
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2019 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.