USA: Federated Capital Corp subsidiary Federated Railways has agreed to acquire Rail Logistics LC, including its 'Cold Train' refrigerated express intermodal service. The new subsidiary will be named Federated Cold Train, trading as Cold Train.
Rail Logistics launched Cold Train in partnership with BNSF Railway in April 2010. It now has a more than 400 Hyundai 53 ft containers, and delivers refrigerated cargo including fresh produce and frozen food from the states of Washington and Oregon to 20 Midwest and East Coast states as well as Toronto in Canada. Frozen and refrigerated food and dry goods are carried on the return leg,
The acquisition 'will allow Federated Capital Corp to add the fast growing domestic intermodal sector to its freight rail transportation portfolio', said Louis P Ferris, President of Federated Capital Corp, on March 3. 'Federated Capital plans to add a minimum of 1 000 containers to the Cold Train fleet over the next five years'.
