New owners optimistic about intermodal freight as economy shows improvement
Radius Rail Logistics LLC (RRL), a provider of full-service intermodal (truck-rail-truck) transportation to freight brokers and shippers, has been acquired by two former officers of the company.
Intermodal veterans Jesse Martinez and Greg Harrison acquired RRL on August 1, 2009 from its former owners, Circumference America, Inc. The terms of the deal were not disclosed. Martinez and Harrison had previously been with CAI and RRL in 2007 and 2008, but left late last year to form their own business.
Martinez, who has been in the transportation field for nearly a decade, will serve as president and chief executive officer of RRL and Harrison, who was with CSX Intermodal for a number of years, will be executive vice president and chief operating officer. RRL now operates from offices located at 8833 Perimeter Park Blvd, Suite 902, Jacksonville, FL.’
RRL will also continue to operate as agents for Sunteck Transport Group.
RRL offers shippers a convenient and cost-effective single-source, spot market and door-to-door intermodal solution for truckload transportation needs. Service is provided throughout all 50 states, Canada, Mexico, Puerto Rico and the Dominican Republic.
RRL’s logisticians coordinate all aspects of the intermodal move while providing the shipper or receiver with one point of contact and an ease of doing business comparable to that of a single truckload shipment.
‘We are very optimistic for the demand for intermodal transportation as the economy begins to improve,’ said Martinez. ‘As the need for transportation services increases, intermodal capacity will be required to complement highway capacity. Radius Rail was designed to assist 3PLs, transportation brokers and new intermodal shippers with spot market and door-to-door intermodal rates and services that have the convenience, reliability and comfort level normally associated with straight truck moves. We feel these services will be in demand in late 2009 and into 2010.’
RRL offers its services through a partnership with major Class I railroads, many of whom have invested substantially in people, equipment and terminal improvements. These same railroads are committed to keeping their reliability competitive with trucks. RRL handles railroad-owned or private trailers and containers, including 45’, 48’, and 53’ trailers and 48’ and 53’ containers.
‘When the opportunity to acquire Radius Rail became available, we jumped at the opportunity,’ Harrison added. ‘In addition to the company’s excellent service reputation, it is located in an ideal logistics market. North Florida has grown to become a primary transportation hub, with the Port of Jacksonville and a number of 3PLs, railroads and motor carriers based here. We’re in good company in this marketplace.’