Construction underway at Logistics Park Cedar Rapids
Multi-purpose facility is scheduled to open in September 2021
CEDAR RAPIDS, Iowa – September 10, 2020 – Travero, the premier logistics solutions company affiliated with Alliant Energy, announces construction is underway at Logistics Park Cedar Rapids (LPCR). The multi-purpose facility is being built on a 101-acre site inside the city limits of Fairfax, southwest of Cedar Rapids, and is scheduled to open in September 2021.
LPCR is being constructed within Alliant Energy’s Big Cedar Industrial Center, Iowa’s first certified mega-site which includes 1,391 acres of space available for development.
Once complete, the new park will offer logistics services that will allow industries within Iowa and throughout the Midwest to benefit from road and rail connections. These services include warehousing, the ability to efficiently transfer commodities between rail and truck and other customized options.
“The facility will include a 259,000 square foot rail-served warehouse that will allow customers to distribute, consolidate or store goods in creative ways,” said Jeff Woods, Director of Business Development at Travero. “Logistics Park Cedar Rapids will also support development opportunities for Big Cedar Industrial Center that will bring new businesses to the area. We’re excited for the facility to help further growth for the community and offer much-needed amenities that will benefit customers.”
LPCR is in an easy-to-access location for both road and rail to benefit trucking and rail customers. Sitting just five miles from the U.S. Highway 30/Interstate 380 interchange, LPCR offers quick access to interstates and highways. The facility provides direct access to the national rail network via the affiliated Cedar Rapids and Iowa City Railway Company (CRANDIC). Ports on the Mississippi River are also in close proximity via rail or truck. In addition, the park is just north of the Eastern Iowa Airport, which provides an added benefit for customers with air freight.
Travero is a wholly owned subsidiary of Alliant Energy Corporation (NASDAQ: LNT). Travero offers innovative and comprehensive logistics services, including rail transportation, freight management services, warehousing and transloading. The company has provided freight services since 1904 when its primary business — a railroad — began operating between Cedar Rapids and Iowa City. The company has grown both organically and through acquisitions into a multi-brand portfolio. For more information, visit travero.com.