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BusINess » Transportation

Posts Tagged ‘Transportation’

Hammond hopes for $80M deal with world’s largest fertilizer producer

Fertilizer maker PotashCorp is working with Indiana Harbor Belt Railroad on what would be an $80 million project at the Gibson Yard in Hammond, Mayor Thomas McDermott Jr. said. PotashCorp Public Affairs Director Bill Johnson confirmed the site, west of Indianapolis Boulevard, is one of several the company has looked at in the Midwest for its new operation. (Photograph by John J. Watkins/The Times)

Fertilizer maker PotashCorp is working with Indiana Harbor Belt Railroad on what would be an $80 million project at the Gibson Yard in Hammond, Mayor Thomas McDermott Jr. said. PotashCorp Public Affairs Director Bill Johnson confirmed the site, west of Indianapolis Boulevard, is one of several the company has looked at in the Midwest for its new operation. (Photograph by John J. Watkins/The Times)

The world’s largest fertilizer producer wants to locate a rail transfer center in Hammond at the Gibson Yard, which could kick off more development and job creation there, Hammond Mayor Thomas McDermott Jr. said.

City officials have talked about a “multimillion dollar investment” north of Summer Street for some time. But McDermott confirmed for the first time this week that PotashCorp, of Saskatoon, Canada, is the interested party.

The fertilizer maker is working with Indiana Harbor Belt Railroad on what would be an $80 million project at the Gibson Yard, the mayor said.

“It is a major, major investment that we are talking about at that location,” McDermott said.

In addition, Indiana Harbor Belt Railroad has told the city two other companies are interested in locating there if the deal is finalized, said Phil Taillon, Hammond director of planning and development. Total investment by companies at the site eventually could reach $200 million.
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Biz Buzz, Summer 2009

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Resale shop opens for business in Schererville

“etc … a resale marketplace,” a nonprofit resale shop operating for the benefit of Highland Christian School, opened for business. The shop is located at 1650 U.S. 41, Suite D (between Dollar Tree and Champion Windows and Siding.) Donations of nearly new and gently used items of all sorts are welcomed. Donation receipts are available upon request. For more information, call 219.865.5400 or visit etcresale.org.

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Chicago Industrial joins Northwest Indiana Forum

Chicago Industrial Real Estate has joined the Northwest Indiana Forum, said Forum President and Chief Executive Officer Vince Galbiati. Forum members address the greatest economic, environmental and governmental issues facing the region. CIRE was founded by Ogden Dunes resident Matt Rogatz, whom has been in the industrial real estate field for more than 20 years. CIRE offers many client services such as sales, leasing and development of large commercial and industrial properties. The organization also provides demographic analysis and investment programs for incoming industry.
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BETTER NEWS—Re-tooled Ford plant to make Explorers in 2010

Crain’s Chicago Business reports:

Ford’s Chicago assembly plant is slated to produce a new version of the Explorer sport-utility vehicle next year, as part of a recent deal with the United Auto Workers to reduce pay and benefits. Ford spent $400 million to renovate the Torrence Avenue plant five years ago that seems to have played a key role in landing the job. Ford is converting the Explorer from a truck platform to a unibody car frame that only Torrence Avenue and a plant in Oakville, Ontario, can produce.
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