The Chicago Business community received an in depth update on the Fairview Container Terminal and a nudge as to how the American mid west could make the North coast work for them.
CN Rail and the province's Ministry of Economic Development attended an International Business Summit in Chicago, highlighting the new trade route to Asia through Prince Rupert and showcasing the investment opportunities that are available with the introduction of container service through the Port of Prince Rupert.
The details of that conference and similarly themed one in Edmonton were the topic of the front page of Thursday's Daily News.
EDMONTON, CHICAGO BUZZ WITH TALK OF RUPERT'S PORT
Two Big Business gatherings exalt the virtues of B. C.'s newest link to Asia
By Leanne Ritchie
The Daily News
Thursday, November 15, 2007
Pages one and three
The Port of Prince Rupert was a talking point in Chicago yesterday for the provincial government, as they discussed the benefits of the new northwestern trade corridor with Chicago businesses.
Representatives from CN Rail and the Ministry of Economic Development attended an International Business Summit in the windy city, in part to discuss new transportation and investment opportunities available since the opening of the Fairview Container Terminal.
"The objective is to deepen B.C.'s economic and commercial relations, and to raise B.C.'s profile internationally," said Colin Hansen, Minister of Economic Development.
"With easy access to markets in Asia, Europe and the U.S. and an unparalleled quality of life, B.C. is a place for businesses to thrive."
The event was organized jointly by the province and B. C. Technology Industry Association and included a full day of topical panel sessions to discuss investment opportunities in sectors such as transportation and venture capital investment.
CN has been marketing the opening of the Fairview Container Terminal as a new way for companies to access the Midwestern markets.
CN also recently acquired the Elgin, Joliet and Eastern Railway Co. (EJ&E) in Chicago and this could result in the movement of cargo from Prince Rupert to Memphis in 100 hours by 2011.
Currently CN is committing to moving product 3,000 miles (4,960 km) from Prince Rupert to Memphis in 117 hours, and to Chicago in 100 hours.
“Once the EJ&E line is integrated into the CN network, cargo will be transported from Prince Rupert to Memphis 13 per cent faster than from other North American West Coast ports,” noted Don Krusel, Prince Rupert Port Authority president and CEO earlier this month. “This will further enhance the Port of Prince Rupert’s competitive advantage.”
The acquisition, which is expected to receive approval from the U. S. Surface Transportation Board in 2008, will significantly improve service reliability as well as transit times by moving CN trains out of the congested Chicago urban core to EJ&E lines bypassing the city.
In addition, the new transportation corridor will be centre stage at the Asia Pacific Forum in Edmonton.
The event opened Tuesday with presentations by Prince Rupert Mayor Herb Pond, Prince George Mayor Colin Kinsley and Edmonton Mayor Stephen Mandel.
Then on Wednesday, there was a joint panel presentation by Don Krusel, and representatives from Maher Terminals, COSCO shipping and CN Rail.
The forum offer a platform to discuss how Canada’s exporters and importers can use the Asia Pacific Gateway to access Asia via Prince Rupert and Vancouver, and access North American markets through Edmonton.
The event wraps up today.
CN has been marketing the opening of the Fairview Container Terminal as a new way for companies to access the Midwestern markets.
CN also recently acquired the Elgin, Joliet and Eastern Railway Co. (EJ&E) in Chicago and this could result in the movement of cargo from Prince Rupert to Memphis in 100 hours by 2011.
Currently CN is committing to moving product 3,000 miles (4,960 km) from Prince Rupert to Memphis in 117 hours, and to Chicago in 100 hours.
“Once the EJ&E line is integrated into the CN network, cargo will be transported from Prince Rupert to Memphis 13 per cent faster than from other North American West Coast ports,” noted Don Krusel, Prince Rupert Port Authority president and CEO earlier this month. “This will further enhance the Port of Prince Rupert’s competitive advantage.”
The acquisition, which is expected to receive approval from the U. S. Surface Transportation Board in 2008, will significantly improve service reliability as well as transit times by moving CN trains out of the congested Chicago urban core to EJ&E lines bypassing the city.
In addition, the new transportation corridor will be centre stage at the Asia Pacific Forum in Edmonton.
The event opened Tuesday with presentations by Prince Rupert Mayor Herb Pond, Prince George Mayor Colin Kinsley and Edmonton Mayor Stephen Mandel.
Then on Wednesday, there was a joint panel presentation by Don Krusel, and representatives from Maher Terminals, COSCO shipping and CN Rail.
The forum offer a platform to discuss how Canada’s exporters and importers can use the Asia Pacific Gateway to access Asia via Prince Rupert and Vancouver, and access North American markets through Edmonton.
The event wraps up today.
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