New CSX terminal to heat up intermodal competition along St. Lawrence corridor
The late-January unveiling of a project by American rail-freight giant CSX to build a new $93.3-million intermodal terminal near the Quebec port of Salaberry-de-Valleyfield warmed the hearts of local stakeholders on one of the coldest days ever recorded in Central Canada.
… For his part, McGill University business professor William Polushin sees the new terminal project as a sound business investment for CSX, Valleyfield and the province.
“The nature of capital is to go where the best returns are,” he said. “CSX obviously sees an opportunity to reap benefits from the increased flow of trade across both sides of the border (and) get a bigger share of the shipping pie.”
Read full article: Canadian Sailings, March 18, 2013