Norfolk Southern (NS) is selling property in Jacksonville, Fla., for the development of a $60 million rail-served food storage and distribution facility. Also, temperature-controlled warehouser and distributor NewCold is investing C$222 million in a new Southern Alberta food storage facility, to be served by Canadian Pacific Kansas City (CPKC).
Flush with cash, as its vast tar sands oil field suddenly lurched from environmental pariah to savior of western civilization, the Alberta government is looking more favorably upon a scheme to build a new, independent passenger railway, connecting Calgary International Airport (YYC) to the Rocky Mountain’s global tourist destination, Banff National Park.
A proposed 150-kilometer (93-mile) Calgary-Banff passenger rail project is moving ahead, following the release of a detailed MOU (memorandum of understanding) from Invest Alberta Corp., Alberta’s Ministry of Transportation (Alberta Transportation) and Canada Infrastructure Bank (CIB).
