Transpoint Intermodal Lines Up Next Hoosier Hub
The logistics company is partnering with the Genesee & Wyoming Inc.-owned Chicago
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowTranspoint Intermodal LLC says its second Indiana cargo transfer hub in Valparaiso will be nearly as large as the project announced earlier this week in Fort Wayne. The intermodal facilities are the first in the U.S. for the Mexican company and could eventually employ more than 100 in Allen and Porter counties.
Transpoint is planning to invest $13.5 million into the Fort Wayne hub and a company official tells Inside INdiana Business the Valpo facility will cost about 80 percent of that. Chief Operating Officer Duard Ballard says it will be built on a 94-acre property off of U.S. 30. and initially employ about 15. He says at full-strength, the northwest Indiana facility could eventually have three shifts and up to 45 workers.
By contrast, the larger Fort Wayne hub, which is being hailed by Mayor Tom Henry as a "focal point for distribution," could grow to employ up to 64 within three years.
The Indiana hubs will be part of Transpoint’s global container network moving cargo from the Far East via Chicago and beyond. The company partners with the Chicago, Ft. Wayne & Eastern Railroad system.