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Rail News: Intermodal
1/19/2005
Rail News: Intermodal
Indication of intermodal growth: Vancouver port increases volume 11 percent in 2004
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One reason North American railroads posted a double-digit increase in container moves last year: exploding import and export traffic from China and other Asian countries. In 2004, the Port of Vancouver handled 73.9 million tons of freight, an 11 percent increase compared with 2003.
Potash, sulphur, and container traffic reached record levels, increasing 28 percent to 5.9 million tons, 16 percent to 6.2 million tons and 8 percent to 1.7 million 20-foot equivalent units, respectively. The port's grain volume rose 27 percent to 8.5 million tons, lumber volume increased 22 percent to 2.3 million tons and coal volume went up 2 percent to 24.7 million tons compared with 2003.
"[We plan] to expand the port's capacity to capture growth," said Gordon Houston, president and chief executive officer of the Vancouver Port Authority, in a prepared statement. "With similar investments in infrastructure from our partners in Canada's road and rail systems, we will be able to continue to strengthen the economy and add more than 50,000 Canadian jobs."
Potash, sulphur, and container traffic reached record levels, increasing 28 percent to 5.9 million tons, 16 percent to 6.2 million tons and 8 percent to 1.7 million 20-foot equivalent units, respectively. The port's grain volume rose 27 percent to 8.5 million tons, lumber volume increased 22 percent to 2.3 million tons and coal volume went up 2 percent to 24.7 million tons compared with 2003.
"[We plan] to expand the port's capacity to capture growth," said Gordon Houston, president and chief executive officer of the Vancouver Port Authority, in a prepared statement. "With similar investments in infrastructure from our partners in Canada's road and rail systems, we will be able to continue to strengthen the economy and add more than 50,000 Canadian jobs."
