BNSF to expand Memphis intermodal hub

BNSF to expand Memphis intermodal hub

The Burlington Northern and Santa Fe Railway Co. today announced a $40 million plan to expand its Tennessee Yard intermodal facility in Memphis.

The project follows a decision by the Memphis Industrial Development Board of Memphis and Shelby County to grant tax freezes to BNSF ranging from nine to13 years, dependent on the company's level of operating performance. For the nine-year tax freeze, the company must achieve 400,000 lifts and create 150 new jobs, the railroad said.

"This cooperative agreement with the City of Memphis and Shelby County is a critical step that will enable BNSF to successfully meet our projected growth demands for container traffic" said Fritz Draper, vice president, business development, in a media release. "As a result, we anticipate doubling our capacity to 400,000 container lifts within the next five years, and we also will have the capacity to meet future expansion needs."