Here is an illustration of what I am talking about
:
Orange near bottom would be the new rail crossing, purple is existing railway there already with crossings to the North (x2), Red [X]s are where you could remove all the rail approaches and crossing points if the bridge were moved. That's a lot of rail to go away allowing Surrey to develop that land better.
It would also provide a more efficient route for trains between the docks/CN yards and Annacis Island industrial land. They wouldn't need to first swing North crossing @ Pattullo then head west then swing back south crossing 2 bridges. They could instead just cut directly and cross once.