Horizon Lines Reaches Agreement with CSX
CHARLOTTE, NC, May 2, 2011 – Horizon Lines, Inc. (NYSE: HRZ) today announced that it has finalized an agreement with CSX Corporation to reduce charter payments on three vessels leased from CSX. Under the agreement, charter hire expense has been reduced by $3 million annually, retroactive to January 2011, through the January 2015 expiration of the charter. The agreement represents a total savings of $12 million for Horizon Lines over the remaining life of the charter. The three chartered vessels…
Konecranes Win Repeat CSX RTG & Reach Stacker Orders
Konecranes has received a repeat RTG order from transportation supplier CSX Intermodal Terminals in the US, comprising 4 Konecranes RTG's with an option for the supply of one more. Konecranes say that this is the second RTG delivery to CSX Intermodal Terminals as the previous order for three RTGs was placed in June last year. The recently ordered cranes will be delivered to two facilities operated by CSX Intermodal Terminals: three RTGs will be installed in Valleyfield, Canada, and one RTG in Chicago. All four cranes will be delivered before October 2014.
ACL Announces New VP
American Commercial Lines Inc. announced the appointment of Michael P. Ryan as Senior Vice President Sales and Marketing. Mr. Ryan brings more than 24 years of combined experience in logistics sales, marketing and customer service. He spent approximately 20 years in sales and marketing positions of increasing responsibility while at Canadian National Railway Company and CSX Corporation, Inc. and was most recently Senior Vice President and General Manager of McCollister’s Transportation Systems. He has a Bachelor of Arts degree from State University of New York. Mr. Ryan replaces Mr. Martin Pepper who left to pursue other interests.
Port of Savannah, Increased Cargo Capacity
Governor Sonny Perdue announced the opening of the Chatham Intermodal Container Transfer Facility on Jan. 22 (ICTF) at the Georgia Ports Authority’s Garden City Terminal. The new facility features three working tracks at 2,145 ft each and a total of 12,406 ft of storage tracks. The Port of Savannah is the only single facility on the U.S. East Coast with two on-terminal ICTFs. Today, Governor Perdue drove the ceremonial last spike into the Chatham ICTF rail. “A thriving business climate requires a transportation network that can support commerce and act as a catalyst to propel our economy forward,” said Governor Perdue. The Port of Savannah’s two Class I rail providers offer unrestricted double-stack service with two- to five-day transit times to major hubs throughout the Midwest…
Konecranes Receive Another RTG Crane Order
In March 2014, Konecranes received another order for RTGs and reach stackers from transportation supplier CSX Intermodal Terminals, Inc. in the U.S. Four Konecranes RTGs will be delivered to two CSX Intermodal Terminals’ facilities in Chicago, Illinois, and two reach stackers to Charleston, South Carolina. All equipment will be delivered before March, 2015. The order has been included in Konecranes’ order intake for the first quarter 2014. CSX Intermodal Terminals, Inc., a subsidiary of CSX Corporation in Jacksonville…