10 October 2017

North American Rail Freight Giants Partner on IORY Intermodal Facility  

Canadian Railways and G&W Expand Bulk Load Market Share

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Shipping News Feature US – Canadian Pacific Railway Limited (CPR) has announced a new partnership with Genesee & Wyoming Inc. (G&W) and Bluegrass Farms of Ohio that will open up the Ohio Valley to CPR customers and further extend the rail freight giant's reach into key North American markets.

CPR has made an exclusive agreement with Bluegrass Farms of Ohio to use its 90-acre intermodal facility in Jeffersonville, Ohio, which is located strategically on the I-71 corridor with the ability to serve the Columbus, Cincinnati and Dayton markets. The farm consortium will continue to own the facility, and will operate it on behalf of CPR. CPR has also come to an agreement with G&W, which services the site through its Indiana & Ohio (IORY) line. Keith Creel, CPR President and Chief Executive Officer, said:

“Through strategic partnerships and innovative thinking, we are expanding our reach and increasing optionality for our customers. This service allows our international intermodal customers to come through the Port of Vancouver and access markets deep in the Ohio Valley. The unique site also creates better round trip economics for our customers by enabling the empty containers to be re-loaded with agriculture products and shipped back overseas.”

The site offers CPR and G&W a ready-made intermodal facility on the IORY line that is able to accommodate intermodal and bulk shipments, along with the ability to provide transloading services of bulk agricultural products into containers. The secure site also features extensive container and trailer storage and the ability to grow with current and future customers.

“Our partnership with Canadian Pacific is an excellent example of how short line railroads can extend the reach of the Class 1 network,” said Jack Hellmann, G&W Chairman, President and Chief Executive Officer.

“This intermodal terminal not only offers a new rail option to and from the Ohio Valley, but was purpose built to provide backhaul opportunities that will enable customers to reduce overall transportation costs and enhance their competitive advantage.”

CPR has also announced that it is also expanding its sales and marketing presence in Asia, with key positions being added in China and Singapore.

“We are putting more dots on the map, expanding our reach and working with current and potential customers to sustainably grow our business and theirs,” Creel said.

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