Transportation Industry
RailAmerica lands new business - Small-Road Update
Railway Age, May, 2003
Two RailAmerica, Inc., railroads have entered into transportation agreements worth more than $26 million with customers in Washington State and Nova Scotia, Canada.
The Puget Sound & Pacific Railroad has entered into two new transportation agreements with the Port of Grays Harbor in Aberdeen, Wash., and Ag Processing, Inc., a soybean processing company, to move grain products from the Midwest to the Port for export. The contracts, with terms of up to 30 years, have a potential value of more than $25 million.
The Cape Breton & Nova Scotia Railroad has signed a new transportation agreement with American Metals & Coal, Inc., to move 4,000 carloads of coal from Sydney, Nova Scotia to the Nova Scotia Power plant in Trenton, Nova Scotia. The one-year contract is expected to generate approximately $1 million in revenue in 2004 and has the potential for additional revenue.
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