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Rail News: Intermodal
An intermodal service provider for just the past two years, trucking firm Swift Transportation Co. Inc. is logging more container-on-flat-car (COFC) business. So far this month, the company has racked up new COFC accounts that are expected to generate more than $70 million in annual revenue.
To keep up with the growing business, Swift recently placed orders for 750 additional 53-foot containers. Delivery is scheduled to be completed in time for the fall peak. Swift — which manages a fleet of 5,000 containers — retains an option to purchase an additional 2,000 containers this year. All of Swift’s containers will be equipped with satellite tracking.
“We believe that intermodal is an exciting growth opportunity for us,” said Jerry Moyes, chairman, president and chief executive officer of Swift holding company Saint Corp., in a prepared statement. “Intermodal allows Swift to offer a full suite of services to its customers, including traditional line-haul, dedicated, brokerage and cross-border services into Canada and Mexico.”
5/25/2007
Rail News: Intermodal
Trucking firm Swift Transportation rings up intermodal sales
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An intermodal service provider for just the past two years, trucking firm Swift Transportation Co. Inc. is logging more container-on-flat-car (COFC) business. So far this month, the company has racked up new COFC accounts that are expected to generate more than $70 million in annual revenue.
To keep up with the growing business, Swift recently placed orders for 750 additional 53-foot containers. Delivery is scheduled to be completed in time for the fall peak. Swift — which manages a fleet of 5,000 containers — retains an option to purchase an additional 2,000 containers this year. All of Swift’s containers will be equipped with satellite tracking.
“We believe that intermodal is an exciting growth opportunity for us,” said Jerry Moyes, chairman, president and chief executive officer of Swift holding company Saint Corp., in a prepared statement. “Intermodal allows Swift to offer a full suite of services to its customers, including traditional line-haul, dedicated, brokerage and cross-border services into Canada and Mexico.”
