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Canadian Pacific Railway and subcontractor New York & Atlantic Railway Co. (NY&A) March 20 were selected by New York City Economic Development Corp. (EDC) to operate and manage Brooklyn’s 65th Street Rail Yard and two new transfer bridges.
Already increasing freight service to the Bronx, Brooklyn and Queens, N.Y., under a Surface Transportation Board-created agreement with CSX Transportation, CPR could create more competitive rail access in New York City by operating the 65th Street yard, said EDC President Michael Carey in a prepared statement.
Under contract terms, NY&A will handle yard switching and interchange traffic on the transfer bridges, which will transfer rail cars to and from car floats.
CPR expects to handle 18,000 carloads and containers over the next three years, generating more than $1 million in revenue for New York City. The Class I plans to spend $250,000 to improve the Brooklyn yard.
"We anticipate beginning to unload bulk flour in April, followed by aggregates later this spring," said Jacques Cote, president and chief executive officer of CPR’s eastern network, in a prepared statement. "In addition, we’re hopeful that we can ship international containers to and from Canada from container terminals in Brooklyn, Staten Island and New Jersey this year."
The yard, which New York State spent $20 million to improve, includes bulk transload and intermodal facilities, and a float service across New York Harbor.