FECI & AAF Featured at RailTrends 2012

[spuwho]

At the December annual meeting in New York, RailTrends 2012 highlighted the recent changes in rail business across the country. Oil was a big subject.  So was All Aboard Florida and the CSX National Gateway. Also presenting was FECI, the following was a brief summary of his report:

Represented by President and CEO Jim Hertwig, Florida East Coast Railway (FECR) is a "phenom" as we say, running 75 percent intermodal on a 351-mile Florida racetrack â€" proving that with density and a product, even very short-haul intermodal can get a great ROI. The FECR "story" gets refined every year as it adds blue-chip customers (Wal-Mart, USG) and extends its market reach (Charlotte, Memphis, Atlanta) â€" and all of this before the wider Panama Canal promises to be at least a partial solution to the 4:1 balance issue the railway and the state "enjoy."

Sounds like that interchange agreement with NS is going to really help.