/PRNewswire/ Rail Modal Group ("RMG"), the leading provider of intermodal rail solutions, today announced the successful capital raise of $50 million from.
North Dakota: Connecting To The World On Intermodal Rail businessfacilities.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessfacilities.com Daily Mail and Mail on Sunday newspapers.
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’s Gavin Yard. Due to lack of track to support a unit train on a single rail, the intermodal service is operating with provisional BNSF approval. To grant longer term approval, BNSF is requiring an expansion of the existing infrastructure to be completed by August 2021.