CN executives joined Port of Prince Rupert, DP World and other community leaders yesterday to mark the 10th anniversary of Fairview Container Terminal, as well as the recent completion of its expansion.
DP World's expansion increased Fairview Container Terminal's annual throughput capacity from 850,000 to 1.35 million 20-foot equivalent units, according to a press release issued by port officials.
Working with its supply chain partners, CN is committed to selling 80 percent of new capacity within three years, CN officials said in a press release.
"As one of the fastest growing ports in North America, the Port of Prince Rupert holds a premier place on the global trade map," said CN President and Chief Executive Officer Luc Jobin. "The last decade of supply chain collaboration between the port, terminal operators, CN and other partners has become the model for how to establish and grow a trade corridor."
The terminal opened in 2007 at the western terminus of CN's transcontinental network. At that time, the terminal received weekly service from Cosco and a single train per week. Today, the world's major steamship companies call on the port, and with more than 15 trains a week from Rupert, it accounts for 20 percent of CN's intermodal business.
Source: Progressive Railroading Daily News
