CN Announces Plan for New $40-Million Intermodal Terminal West of Toronto.Business Editors MILTON, Ontario--(BUSINESS WIRE)--Feb. 19, 2001 Canadian National (NYSE NYSE See: New York Stock Exchange :CNI (1) (Certified NetWare Instructor) See Novell certification. (2) (Coalition for Networked Information, Washington, DC, www.cni.org) A partnership of the Association of Research Libraries, CAUSE and EDUCOM, founded in 1990. )(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CNR.) announced today it plans to build a major intermodal terminal adjacent to its Halton Subdivision south of Milton. Milton is located 20 miles west of Toronto and has ready access to major highways reaching key industrial and commercial areas in the Toronto region. The new terminal will be located between Tremaine Road, First Line, Britannia Road and Lower Base Line and is scheduled to open in late-2002. CN's existing intermodal terminal operation in the Toronto area is located in Brampton, Ont., south of Highway 7 and Airport Road. The new Milton terminal will initially employ about 100 people and occupy about 100 acres of land. CN will brief area residents, the Regional Municipality of Halton, the Town of Milton, Transport Canada and the Canadian Transportation Agency about its terminal plan. CN is increasing its intermodal terminal capacity to accommodate its fast-growing intermodal business - rail transport of containers and highway truck trailers - and to help reduce truck traffic on congested con·gest·ed adj. Affected with or characterized by congestion. congested ENT adjective Referring to a boggy blood-filled tissue. See Nasal congestion. highways. CN transported 1.12 million intermodal units last year, an increase of 13 per cent, and saw its intermodal revenue grow by the same amount to $919 million. Rail transportation is a high-capacity, environmentally friendly alternative to trucking that can play a significant role in alleviating highway congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. . Four intermodal trains a day, for example, could remove 300,000 long-haul trucks from Ontario's Highway 401 and Quebec's Highways 20 and 40 every year. Canadian National Railway Company Canadian National Railway Company (NYSE: CNI, TSX: CNR) is a Canadian rail transportation company that operates the Canadian National Railway. It was created in December, 1918 as a Crown corporation of the Government of Canada to nationalize several bankrupt rail systems spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key cities of Toronto, Buffalo, Chicago, Detroit, Memphis, St. Louis, and Jackson, Miss., with connections to all points in North America. |
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