Cargo Business Newswire

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Tuesday, January 17, 2012

Schneider National extends contract with CSX amid tightening truckload capacity

Schneider National, Inc announced it has signed a new, multiyear agreement with CSX Transportation as the U.S. -based trucking and logistics provider said it projects its intermodal freight volumes to increase in 2012.

“The expansion of our relationship with CSX will create a strong foundation for Schneider Intermodal’s continued growth and our customer’s success,” said Bill Matheson, president of intermodal services for Schneider National in a statement.

Matheson said truckload capacity is getting tighter and that shippers will need to find “creative new solutions to move freight.”

Schneider National said CSX, which became its primary Eastern rail provider in 2008, has offered “truck-like” service to customers, and also cited the rail carrier’s capital investments, including into the Northwest Ohio intermodal terminal.

“The current economic conditions and business environment tell us there will be more interest than ever in finding cost-effective, reliable modes for moving freight,” said Bill Clement, vice president-Intermodal of CSX Transportation.

According to Matheson, the Eastern U.S. and Midwest will experience the brunt of the tight driver market in 2012.

“Eastern intermodal service will provide significant relief to shippers who convert truckload freight, and Schneider will be significantly adding additional containers, tractors and drivers to its fleet to prepare for the increased demand,” he said.