CMA CGM in surprise move on Freightliner intermodal business
The consolidation of the UK’s overland freight network continued today when CMA CGM announced it ...
KNIN: CONF CALL CLOSING KNIN: PRICING POWER KNIN: MARKET SHARE GAINS IN ROAD KNIN: AI-RELATED COST INFLATION OUTLOOKKNIN: APEX LOGISTICS IPO UPDATEKNIN: QUESTION TIMEKNIN: 'COST REDUCTION PROGRAMME IS ON TRACK'KNIN: CFO REMARKSKNIN: MONETARY IMPACT FROM AI KNIN: AI UPSIDEKNIN: STRONG ROAD UNIT DELIVERY KNIN: AIR LOGISTICS SHINESKNIN: SEA LOGISTICS PERFORMANCE KNIN: CEO REMARKSKNIN: CONF CALL F: NEW PARTNERSHIP DISCLOSEDDSV: LITTLE CHANGE
KNIN: CONF CALL CLOSING KNIN: PRICING POWER KNIN: MARKET SHARE GAINS IN ROAD KNIN: AI-RELATED COST INFLATION OUTLOOKKNIN: APEX LOGISTICS IPO UPDATEKNIN: QUESTION TIMEKNIN: 'COST REDUCTION PROGRAMME IS ON TRACK'KNIN: CFO REMARKSKNIN: MONETARY IMPACT FROM AI KNIN: AI UPSIDEKNIN: STRONG ROAD UNIT DELIVERY KNIN: AIR LOGISTICS SHINESKNIN: SEA LOGISTICS PERFORMANCE KNIN: CEO REMARKSKNIN: CONF CALL F: NEW PARTNERSHIP DISCLOSEDDSV: LITTLE CHANGE
PRESS RELEASE
On 13th April 2024 Freightliner confirmed that ownership of the Coatbridge terminal has be taken over by Russell Railroad Limited, a subsidiary of John G Russell, effective immediately.
Following a strategic review of the Freightliner Coatbridge terminal, it was recognised that the Coatbridge facility would be better served under new ownership. Freightliner rail services remain unaffected by this sale and will continue to run into the Coatbridge terminal as usual.
Chris Lawrenson, Managing Director – Intermodal Logistics, Freightliner UK/Europe, said “We are looking forward to continuing to work with the team at Russell Railroad Ltd. The Coatbridge terminal is essential for maintaining effective Intermodal connections into and out of Scotland and Russell Railroad’s new ownership of the terminal will ensure these services continue to run smoothly. We look forward to forging this partnership and continuing to serve the Scottish Intermodal market.”
Graham Russell – Director John G Russell, said “I would like to thank the Freightliner team for all of their diligent work at the Coatbridge facility. We are looking forward to working with customers, existing and prospective, to deliver market leading Intermodal services for the Scottish market.”
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