October 2010

Florida East Coast taps intermodal growth

JACKSONVILLE — Florida East Coast Railway LLC expects 5 percent annual revenue growth over the coming years as customers increasingly use the century-old Jacksonville railroad to transport goods south into Florida, the company’s chief executive said.

James Hertwig, the company’s CEO and president, said the 351-mile railway connecting Jacksonville to Miami is tapping the growth of intermodal rail transport like the larger Class I railroads, including CSX Corp. Intermodal is the process of hauling goods by train and truck that are normally transported solely by truck.