From acquisition updates to grain loadings, here’s a roundup of some latest rail-linked information:
Lineage acquires refrigerated railcar producer
Lineage Logistics, a Michigan-based mostly temperature-controlled true estate expenditure have confidence in and logistics methods supplier, has acquired Maryland-based mostly Cryo-Trans, a producer of refrigerated and insulated railcars.
Phrases of the transaction weren’t disclosed, but Lineage mentioned the acquisition “produces a distinctive extensive and seamlessly built-in offer chain resolution for meals and beverage clients.”
“Welcoming the dynamic workforce from Cryo-Trans even more diversifies Lineage’s thorough suite of multimodal products and services and generates a one of a kind, underneath-1-roof answer for our consumers in which warehousing and transportation are seamlessly integrated,” Lineage President and CEO Greg Lehmkuhl said. “Combining our top facility footprint, a railcar network and info-driven transportation management devices permits us to further more optimize freight, create bigger efficiencies, generate unprecedented source chain visibility and present a new simplicity of performing business for our buyers.”
Lineage’s community comprises nearly 2 billion cubic ft of capability and is composed of 330 temperature-controlled warehouses in 15 countries across North The usa, Asia, Australia and New Zealand, Europe and South The us.
The company also delivers fewer-than-truckload consolidation, managed transportation, on-need transport, port logistics, customs brokerage, import/export, drayage, previous-mile delivery and related benefit-extra expert services.
Meanwhile, Cryo-Trans’ private fleet is made up of more than 2,200 refrigerated and insulated railcars that make extra than 40,000 rail shipments every year. Cryo-Trans also delivers a proprietary rail management system that offers genuine-time info and visibility on its railcars.
“We are honored to deliver our rail encounter and high quality railcars to the world’s primary temperature-managed logistics firm,” Cryo-Trans CEO Herman Haksteen said. “Jointly we will go on to execute on the Cryo-Trans mission of ‘protecting present day perishables for tomorrow,’ and we are excited to be a part of Lineage in residing their intent to completely transform the food supply chain by introducing a new, a single-of-a-variety, close-to-close offer chain solution to the market.”
The acquisition’s advisory staff for Lineage consists of funding organization J.P. Morgan and lawful agency Latham & Watkins, although DLA Piper is serving as a legal adviser for Cryo-Trans.
Relevant content articles:
Patriot Rail finalizes acquisition of Utah shorter line
As element of the deal, Jacksonville, Florida-based Patriot acquires SLGW and two storage and transload company companies, Caballero and Caballero 2.
Patriot by itself was acquired by infrastructure expenditure company To start with Sentier Traders in October 2019.
SLGW runs 26 miles and handles more than 6,000 loaded railcars on a yearly basis. Found around Salt Lake Metropolis, the limited line has access to Union Pacific (NYSE: UNP), BNSF (NYSE: BRK) and the Salt Lake Global Airport.
“The SLGW has been a very long-trusted railroad in the Salt Lake City place for much more than 125 many years. We are proud to have that legacy ahead for our clients,” claimed Patriot CEO John Fenton. “This addition to the Patriot portfolio strengthens our capacity to carry on furnishing aggressive and impressive transportation solutions in the western region of the United States.”
CN, Canadian Pacific achieve new data for grain
A Canadian Pacific educate heads to its future location. (Coach Image: Flickr/Birmingham Photographer J.g.)
Important investments to the Canadian rail network, moreover enough harvests and ongoing export demand from customers, aided Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) set documents for grain movements.
CN explained Monday that December was a record month for the railway, earning it the 10th thirty day period in a row that the corporation has posted a monthly file. In December, CN moved over 2.84 million metric tonnes (MMT) of Canadian grain and processed grain. Because the 2020-21 crop 12 months commenced on Aug. 1, CN has moved 14.5 MMT, exceeding the all-time record tempo quantity by in excess of 15%, or by just about 2 MMT.
“These record grain shipments are coming at the similar time as CN is shipping quite higher volumes of a lot of other commodities these types of as lumber, potash, propane and buyer items,” explained CN Main Working Officer Rob Reilly. “Though we are very pleased of December’s effects, we do not consider them for granted and we will continue on to function really hard to properly transfer our customers’ merchandise.”
Meanwhile, competitor CP reported it expert not only the greatest-ever December for grain movements but also the best-at any time quarter and finest-ever calendar year.
CP hauled 31.32 MMT of Canadian grain merchandise in 2020. It also moved 8.84 MMT in the fourth quarter, beating the former document established in the second quarter of 2020 by 5.1%. And in December, it moved 2.84 MMT, beating the past history established in December 2019 by 13.6%.
In truth, grain carloads was just one of only two categories that have found a year-around-calendar year boost for 12 months-to-date volumes, according to data from the Affiliation of American Railroads. For the week ending Dec. 26, the Canadian railways moved 490,921 carloads of grain calendar year-to-date.
In comparison, U.S. grain carloads yr-to-day totaled almost 1.17 million carloads, a 4.5% increase from the exact same period of time in 2019.
The other category that professional a year-in excess of-year enhance in Canada was farm goods, excluding grain, and food items. Calendar year-to-date volume for that group was 430,467 carloads, up 11.7% from 2019.