MOBILE, Ala. -- (Business Wire)
CG Railway, Inc., a wholly-owned subsidiary of International Shipholding
Corporation (NYSE:ISH), announced that its Rail Ferry Service between
the United States and Mexico reached a milestone today with the sailing
of its 1000th voyage.
CG Railway’s Short Line service commenced in January of 2001 with two
Rail Ferry vessels providing a short sea alternative to overland rail
routes originating in the Eastern United States and bound for Central
and Southern Mexico. Travelling between Mobile, AL and Coatzacoalcos,
Mexico, the service expanded in 2007 from a single-deck operation to a
double-deck operation, increasing the onboard capacity of each vessel to
an average of 115 railcars. Since that time, the expanded CG Railway
Short Line service has consistently delivered the highest levels of
performance and customer service while handling increasing cargo volumes.
CG Railway has direct interchange with U.S. Class 1 and short-line
railroads serving the port of Mobile, AL, as well as the Ferrosur
railroad serving the port of Coatzacoalcos in Mexico. CG Railway offers
competitive and expedient solutions for the transportation of a variety
of goods moving by rail to and from Mexico, including forest products,
chemicals, minerals, metals, agricultural products and – starting in the
1st quarter of 2015 – refrigerated freight. CG Railway
service cuts across the Gulf of Mexico, rather than the U.S./Mexico
border crossings, increasing forward visibility and saving valuable time
in the supply chain.
Kevin Wild, Senior Vice President of CG Railway, said, “By providing an
efficient short sea solution that facilitates trade from the U.S. and
Canada to Mexico, the Rail Ferry provides a unique, high-quality service
that we are proud to offer our valued customers. This milestone is a
direct result of our strong relationships with loyal customers and the
tireless efforts of our dedicated staff. Our focus remains on providing
an economically feasible alternative to traditional routes, and – even
as we take a moment to appreciate how far we have come – we eagerly look
forward to the opportunities that lie ahead.”
About International Shipholding Corporation
International Shipholding Corporation, through its subsidiaries,
operates a diversified fleet of U.S. and International Flag vessels that
provide worldwide and domestic maritime transportation services to
commercial and governmental customers primarily under medium to
long-term charters and contracts.
For more information about the company, please visit www.intship.com
or www.cgrailway.com
Contacts:
CG Railway
George Nahas, 251-243-9245
VP of Sales & Marketing
nahasga@intship.com
or
International
Shipholding Corporation
Manny Estrada, 251-243-9082
VP and CFO
Source: CG Railway, Inc.
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