CalTrade Report, BNSF, CSX, intermodal cargo, railroads, California global, California international - NEW CAL– SOUTHEAST INTERMODAL CORRIDOR - CalTrade ReportAsia Quake Victims LOS ANGELES – 10/31/06 – A new intermodal rail corridor linking the US West Coast and the Southeast is being planned by the BNSF Railway and the CSX Corp.; the planned service will initially include two daily trains between the US West Coast and Southeast in each direction, but is expected to expand as the volume of traffic along the corridor climbs. - LOS ANGELES – 10/31/06 – A new intermodal rail corridor linking the US West Coast and the Southeast is being planned by the BNSF Railway and the CSX Corp.; the planned service will initially include two daily trains between the US West Coast and Southeast in each direction, but is expected to expand as the volume of traffic along the corridor climbs. - NEW CAL– SOUTHEAST INTERMODAL CORRIDOR CalTrade Report, BNSF, CSX, intermodal cargo, railroads, California global, California international - NEW CAL– SOUTHEAST INTERMODAL CORRIDOR

 
Tuesday, January 06, 2009

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Page Two

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NEW CAL– SOUTHEAST INTERMODAL CORRIDOR

LOS ANGELES – 10/31/06 – The BNSF Railway Co. and CSX Corp.’s rail transportation and intermodal subsidiaries have announced plans to create a high-volume rail corridor for services on the lines connecting California, Atlanta, and the rest of the fast-growing Southeast Region.

The planned service will initially include two daily intermodal trains between the US West Coast and Southeast in each direction.

Corridor volume on the line is expected to increase with the overall expansion of the West Coast to Southeast intermodal market.

The BNSF will expand capacity on its rail lines connecting Avard, Oklahoma) with Memphis, Tennessee and Birmingham, Alabama to support the new service.

At the same time, CSX will expand its rail line between Birmingham and Atlanta, as well as its intermodal terminal in Fairburn, Georgia, near Atlanta.

The agreement also allows for continued interline BNSF/CSX rail service between Memphis and Florida, as well as improved connections with the Carolinas and other key Southeast destinations, according to a BNSF press release.

The new agreement replaces and expands on the terms of an earlier agreement, signed in 2001, that would have expired in 2007.

The new service is expected to begin in early-2007, with the initial capacity projects such as new rail sidings and terminal expansion to be completed by end-2007 and also allows for future capacity expansion along the corridor.

Go back, or read the latest Page Two stories:

DISNEY TO LAUNCH TV CHANNEL IN RUSSIA

BURBANK – 12/31/08 – The Walt Disney Company has said it will team-up with Media-One Holdings Ltd. to launch a Disney-branded television channel in Russia in 2009; Disney will have a 49% stake in the venture in exchange for a cash investment and content acquisition, according to a recent piece in the Los Angeles Business Journal.


GOLDEN SPOON ENTERS THE GLOBAL MARKET

RANCHO SANTA MARGARITA – 12/12/08 – Frozen yogurt giant Golden Spoon has accelerated its international expansion with the announcement of two additional stores for Japan; the new stores will be located within Tokyo Station and the Kansai International Airport and are slated to open for business this month.


PORT OF STOCKTON EXPANDS ITS FTZ

STOCKTON – 12/05/08 – The Port of Stockton has received approval from the US Dept. of Commerce (DOC) Foreign Trade Zones Board for expansion of its Foreign Trade Zone No. 231; the expansion at the nearly 475-acre Opus West Park in East Stockton is the eighth site approved in Stockton by the DOC and is sited adjacent to the Burlington Northern and Santa Fe Railroad line linking Central California with points throughout the country.


NETSUITE GOES LIVE IN SINGAPORE

SAN MATEO – 10/28/08 – Business management software developer NetSuite Inc. has launched a new venture - NetSuite OneWorld in Singapore; the move was spurred by forecasts that that Asia-Pacific software as a service (SaaS) revenues will grow from $274 million in 2007 to around $1.8 billion by 2011.


CHINA’S TASTE FOR CAL WINE GROWS

SONOMA – 08/09/08 – California-based vintner Bronco Wine has forged a deal with Legacy Wine and Spirits International to export a selection of its varietal Hacienda label wines to China; the first container of 750ml bottles of Bronco’s Merlot, Cabernet Sauvignon, Chardonnay, Sauvignon Blanc, Riesling, Gewurztraminer, Viognier, White Zinfandel and Brut Sparkling Wine reportedly left the Port of Oakland last week.


SANDISK REJECTS SAMSUNG ACQUISITION BID

MILPITAS – 09/24/08 – US flash memory maker SanDisk Corp. has reportedly rejected a $5.9 billion bid by top memory chip-maker, Samsung Electronics Co., but said it would not rule out a deal at a better price; SanDisk said in a statement that Samsung's $26-a-share cash offer undervalued the company, but it remained open to a deal with Samsung at a price that recognizes its "intrinsic value."





 

 

 

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