The big Class Is are by no means the only railroads providing critical links in the U.S. intermodal network.
Class III short lines, as well as Class II regionals, play integral roles in the supply chain, and industry leaders tell AJOT that they see expanding opportunities in the era of ocean carrier mega-alliances and super-sized containerships.
Michael Miller, chief commercial officer of Darien, Connecticut-based Genesee & Wyoming Inc., a New York Stock Exchange-listed company with 115 North American short line and regional railroads in its portfolio, is among those who are bullish.
Miller pointed out that intermodal freight represents about 15 percent of G&W’s $2 billion in annual revenues, but, he said, that intermodal revenue currently comes primarily from United Kingdom and Australia subsidiaries.
G&W’s North American volumes defined as intermodal are quite small but growing dynamically, and those numbers do not include substantial terminal shuttle operations in Virginia and Georgia.
G&W’s North American interests, which cover more than 13,000 track miles serving 41 states and four Canadian provinces, combined to transport 1,382 carloads of intermodal freight in 2016 – more than 12 times the 107-carload figure for 2015. Meanwhile, G&W’s Commonwealth Railway and Savannah Port Terminal Railroad handle more than 300,000 intermodal containers per year, according to Miller…
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