The Chicago Terminal Railroad (reporting mark CTM) was a switching and terminal railroad that operated over former Milwaukee Road/Canadian Pacific and Chicago and North Western/Union Pacific trackage in northern Illinois.

The railroad rostered a total of three locomotive units, all of EMD design.

The last revenue run by CTM was in 2015 to Big Bay Lumber.

Later CTM would store empty freight cars on various parts of the tracks.

The line was formally abandoned in 2019, with the City of Chicago acquiring the rights to reactivate rail service while at the same time pursuing conversion of the line to a rail trail.