Federated Railways Acquires Cold Train Express Intermodal Service
Federated Railways, Inc., a Farmington Hills, Mich., affiliate of Federated Capital Corp., entered into an agreement to acquire the assets of Rail Logistics, LLC, including its "Cold Train" express intermodal service. The new subsidiary will be called Federated Cold Train, LLC, and will conduct business as Cold Train. The company will maintain its current management team and staff, including Steve Lawson as president and CEO, and will retain its current headquarters in Overland Park, Kan.
Federated Capital’s holdings consist of a variety of service, leasing and railroad assets, including the Great Lakes Central Railroad, Inc. (GLCR), a 400-mile regional railroad operating entirely in Michigan, and Federated Railcar, Inc., owner of a fleet of refurbished passenger cars. Rail Logistics launched the "Cold Train" express intermodal service in partnership with BNSF Railway from the Port of Quincy Intermodal Terminal in Quincy, Wash., and then more recently began a similar Cold Train service from Portland, Ore.