Rail Execs: New Indy Intermodal Terminal Could Boost State Economy
INRD, CN partnership projected to cut six days off shipping time from Asia
Indiana Rail Road CEO Thomas Hoback (right) addresses the Indiana Logistics Summit in Indianapolis. At left: attorney Brent Huber, CN Railway vice president Doug Macdonald. (WIBC.com photo: Eric Berman)
Railroad executives from Indianapolis and Canada say a Thursday ribbon cutting in Indy marks the formal launch of a potentially big boost to Indiana's role in the shipping business.
The new downtown intermodal terminal is already operating as a partnership between the Indiana Rail Road Company and Canada's CN Railway. Indiana Rail Road founder Thomas Hoback says the two railroads will be able to entice shippers with the prospect of bringing goods from Asia to the Midwest in 20 days. That's six days less than it now takes, thanks to a combination of CN's port in British Columbia and the ability to avoid bottlenecks in what Hoback calls a "black hole" of traffic and weather delays in Chicago.
Hoback's hoping the time saved will not only mean more freight, but encourage more businesses to locate in Indiana.