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/PRNewswire/ -- Rail Modal Group ("RMG"), the leading provider of intermodal rail solutions, today announced the successful capital raise of $50 million from...
The intermodal “ramp” in Minot, N.D., now moving containers with agricultural specialty crops offers a new effort with BNSF-supported ownership to get something off the ground that had sputtered in an earlier attempt.
Submitted Photo A unit train carrying containers sits at the Minot intermodal site last October. A Senate bill to create a $15 million intermodal transportation assistance program is important to the future of Minot’s shipping facility, according to bill supporters. SB 2245 would provide grants for purchasing infrastructure assets, property and equipment. John MacMartin, president of the Minot Area Chamber EDC, said about $10 million is needed for his organization to purchase intermodal assets held by financial institutions and expand the intermodal site infrastructure into BNSF Railway’...