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CN ANNOUNCES MAJOR Investment in NWI

Written by Nicholas Serrano. Posted in Short Takes

Published on August 23, 2011 with No Comments

CN, one of North America’s largest railroads, announced plans to relocate a portion of its operations from Markham, Ill. and fully redevelop the existing Kirk Yard rail facility in Northwest Indiana, adding up to 251 new jobs by 2015. CN, which spans Canada and mid-America and reaches the Atlantic, Pacific and Gulf coasts, will invest $163 million in the Gary project. This initial investment includes expanding the railroad classification yard and building a 155,000 square-foot locomotive maintenance and repair facility. CN has approximately 20,600 route miles of track offering connections to ports on the Atlantic, Pacific and Gulf. With approximately 22,000 employees, the company’s rail network serves close to 75 percent of the U.S. population and all major Canadian markets. “Our Kirk Yard improvements will mean significant improvements in efficiency and productivity creating new capacity for growth in the Chicago area and Northwest Indiana,” said Jim Vena, senior vice president, CN Southern Region. “Additionally, the expansion of Kirk Yard represents a significant investment by CN in Gary which will bring hundreds of jobs to Indiana.” CN’s relocation marks the sixth company this year to publicly announce its plans to relocate operations from Illinois to Indiana. Most recently in July, Special Metals Corporation revealed that it would relocate its A-1 Wire division from Rockford, Ill. to its Elkhart plant, creating up to 100 new jobs by 2014.

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