Port of Nevada™ Adds Direct Intermodal Service to Major West Coast Port
The Port of Nevada, a 224-acre inland port in Northern Nevada, will now offer intermodal service for imports and exports between Fernley and the Port of Oakland. This initiative results from a collaboration with Union Pacific Railroad (UNP), the CMA CGM Group, and the Port of Oakland. The service aims to provide efficient, reliable, and environmentally friendly transportation solutions. The Port of Nevada features a full-service rail facility connected to Union Pacific's network, enhancing cargo shipment capabilities. This venture promotes savings, efficiency, and sustainability for customers, with the CMA CGM Group acting as the exclusive ocean carrier partner through 2024. Businesses are expected to benefit from reduced carbon footprints and less dependence on road conditions. The project has garnered support from economic development authorities, positioning the site for further growth.
- Direct rail access increases cargo shipment capabilities between Northern Nevada and the West Coast.
- Collaboration with UNP, CMA CGM, and Port of Oakland promises efficient and reliable transportation solutions.
- Enhanced supply chain options and sustainability for customers.
- Exclusive ocean carrier partnership with CMA CGM through 2024 ensures global connectivity.
- Support from local economic development authorities boosts project growth potential.
- Rail transport is cost-effective, with one ton of cargo traveling nearly 400 miles on one gallon of diesel.
- Trains emit less greenhouse gas compared to medium- and heavy-duty trucks.
- Reliance on rail infrastructure may pose risks if there are disruptions or maintenance issues.
- Potential initial costs for businesses to transition to rail transport.
- Environmental benefits are dependent on continuous operational efficiency.
Insights
The addition of direct intermodal service between Fernley and the Port of Oakland provides a significant boost to logistics capabilities in Northern Nevada. This development highlights the strategic importance of inland ports, which serve as critical nodes in the supply chain by reducing congestion at coastal ports and offering alternative routes for cargo. The partnership with Union Pacific and CMA CGM is pivotal, as it ensures connectivity with major international trade routes, particularly to Asia and Europe.
This move is likely to attract businesses that depend on reliable and efficient transportation solutions. The project's emphasis on sustainability, with rail transport being far more fuel-efficient than trucking, adds a substantial appeal for companies looking to reduce their carbon footprint. However, the success of this venture will largely depend on the operational efficiency and reliability of the new intermodal services.
This new service could be a game changer for the regional economy. By offering a direct rail link to the West Coast, the Port of Nevada™ can enhance its appeal to businesses involved in manufacturing and distribution. This is particularly relevant given the current challenges in global supply chains. Companies might find relocating or expanding to Northern Nevada more attractive due to the lower transportation costs and reduced dependency on road conditions.
Furthermore, the backing from local economic development authorities indicates strong regional support, which could ease regulatory processes and provide additional incentives for businesses. It's important to note, however, that market adoption will depend on how competitive the transportation rates and services are compared to existing logistics solutions.
The environmental benefits of this initiative are noteworthy. Rail transport is significantly more efficient in terms of fuel consumption and carbon emissions compared to trucking. With rail accounting for only 2% of transportation-related greenhouse gas emissions, this development aligns well with increasing corporate and regulatory focus on sustainability. This could make the Port of Nevada™ an attractive option for companies with strong environmental, social and governance (ESG) commitments.
However, it's essential to monitor the actual environmental impact once operations commence. Potential investors should look for transparency in reporting and regular updates on the sustainability metrics achieved by the port and its partners.
IRG, Union Pacific Railroad, the CMA CGM Group, and Port of Oakland collaborate, offering efficient, environmentally conscious international shipping
"Direct rail access between
The Port of Nevada™ offers a full-service rail facility on the property which is connected to Union Pacific's reliable network. Rail operations include bulk commodity and intermodal transloading and storage of multiple commodities. In addition, there are multiple opportunities for build to suits and on-site storage.
The direct rail access to the port will create many opportunities for savings, efficiencies, supply chain options, and sustainability for Port of
The CMA CGM Group, a global player of sea, land, air, and logistics solutions, is Port of
With the businesses experiencing the impact of supply chain challenges in recent years and consistently with traversing the frequently weather or traffic impacted Interstate 80 corridor, the draw to rail becomes more attractive.
Clients utilizing rail can expect to decrease their carbon footprint and become less impacted by road conditions, trucking regulations, and carbon emissions. According to Union Pacific, transporting by rail is also very efficient and cost-effective; approximately one ton of rail cargo can be transported nearly 400 miles on just one gallon of diesel fuel. In addition, trains account for only
Further support from
"This project is a very unique opportunity for those looking to expand in the
"We are very excited to support the IRG inland port project," said Jeff Sutich, Executive Director of the NNDA. "As a federally designated Tech Hub, focused on onshoring businesses to
For more information about the Port of
About Port of
Located 25 minutes from
Learn more at www.portofnevada.com.
About IRG
IRG is a nationwide real estate development and investment firm specializing in the acquisition, development, and management of commercial and industrial real estate throughout the United States. IRG, through its affiliated partnerships and limited liability companies, operates a portfolio containing over 150 properties in 31 states with over 100 million square feet of rentable space. IRG is nationally recognized as a leading force behind the adaptive reuse of commercial and industrial real estate, solving some of America's most difficult real estate challenges.
Learn more at www.industrialrealtygroup.com.
About Union Pacific
Union Pacific (NYSE: UNP) delivers the goods families and businesses use every day with safe, reliable, and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations.
More information about Union Pacific is available at www.up.com.
About Port of Oakland
The Port of Oakland generates vital economic activity, community benefits and environmental innovation, as the Port decarbonizes its operations for a cleaner and greener future. Along with its partners, the Port supports 98,345 jobs in the region and
Connect with the Port of Oakland and Oakland International Airport through Facebook and Twitter, or with the Port on LinkedIn, YouTube, and at www.portofoakland.com/.
About CMA CGM
Led by Rodolphe Saadé, the CMA CGM Group, a global player of sea, land, air, and logistics solutions, serves more than 420 ports around the world across five continents, with a fleet of around 620 vessels. In 2023, it carried a total of 21.8 million TEU (twenty-foot equivalent unit) containers. With its subsidiary CEVA Logistics, a global logistics provider that delivered 522,000 tonnes of air cargo and more than 22 million tonnes of inland freight cargo, and its CMA CGM AIR CARGO division, the CMA CGM Group is constantly innovating to offer its customers a comprehensive, increasingly efficient range of new maritime, overland and air shipping and logistics solutions.
Firmly committed to the energy transition in shipping and a pioneer in the use of alternative fuels, the CMA CGM Group has set a Net Zero Carbon target for 2050.
Every year, the Group supports thousands of children through its CMA CGM Foundation, with initiatives to promote education and equal opportunity for all. The CMA CGM Foundation also responds to humanitarian crises requiring urgent action by calling on the Group's shipping and logistics expertise to deliver humanitarian supplies around the world.
Present in 160 countries through its network of more than 400 offices and 750 warehouses, the Group employs 155,000 people worldwide, of which around 6,000 in
www.cmacgm-group.com.
For more information, contact:
Lauren Crumrine | Vice President Marketing
IRG/Port of Nevada
614-562-9252
lcrumrine@industrialrealtygroup.com
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SOURCE Industrial Realty Group, LLC
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