AJOT Features CIC – Joliet, SVP of Development Brian McKiernan
Posted By Staff Writers On September 8, 2020 @ 11:00 am
Brian talked about the many cost, efficiency and sustainability benefits of rail-adjacent warehousing, and the effect the explosive growth of e-commerce is having on rail and intermodal volume in the AJOT feature, “CenterPoint Offering Timely Cost Savings with North America’s Largest Inland Port.”
“As shippers in a pandemic-impacted world place growing emphasis on cost-efficient supply chains, they increasingly are turning to CenterPoint Intermodal Center-Joliet – North America’s largest inland port – to provide the ideal solution.
Strategically situated 40 miles southwest of Chicago, the 6,400-acre CIC-Joliet complex has seen several million additional square feet put into active use over the six months since the world was jolted by the COVID-19 pandemic and economic aftershocks, and, according to Brian McKiernan, senior vice president of CenterPoint Properties, more than 1 million square feet of warehouse and distribution space remain available for lease at the center.
‘Whether it’s the pandemic itself or the related recession, these kinds of macro global events tend to drive more shippers and third-party logistics providers to look at enhanced supply chain efficiencies,’ McKiernan told AJOT.
‘As companies become more and more cost-focused, I think we’ll see even more tenants seeking to benefit from a lower total landed cost,’ McKiernan added, citing reductions in drayage and demurrage costs. Companies can also realize considerable environmental sustainability benefits by taking truck miles off roadways as shipments move greater distances via rail.
According to figures from the Association of American Railroads, moving freight by rail on a 24/7 basis saves money for shippers, who furthermore are able to reduce drayage costs by an average of 25 percent by using warehouses that are adjacent to intermodal rail hubs.
In addition to being at the crossroads of east-west Interstate 80 and north-south I-55, CIC-Joliet is anchored by the 835-acre Union Pacific Joliet Intermodal Terminal and the 770-acre BNSF Logistics Park Chicago, with intermodal rail services to and from every major U.S. West Coast port, as well as Houston. In addition, intermodal interline services of Norfolk Southern and CSX link CIC-Joliet to an even broader geographic reach throughout the nation.
About CenterPoint Properties
CenterPoint is an industrial real estate company made up of dedicated thinkers, innovators and leaders with the creativity and know-how to tackle the industry’s toughest challenges. And it’s those kinds of problems—the delicate, the complex, the seemingly-impossible— that we relish most. Because with an agile team, substantial access to capital and industry-leading expertise, those are exactly the kinds of problems we’re built to solve.