BNSF and Matson Begin Operating Intermodal Train Service Along I-5 Corridor.Business Editors FORT WORTH, Texas--(BUSINESS WIRE)--Nov. 13, 2000 The Burlington Northern and Santa Fe Santa Fe, city, Argentina Santa Fe, city (1991 pop. 341,000), capital of Santa Fe prov., NE Argentina, a river port near the Paraná, with which it is connected by canal. Railway Company (BNSF BNSF Burlington Northern Santa Fe Corporation (railroad) ) and the Matson Navigation Company Matson Navigation Company, a subsidiary of Alexander & Baldwin, is a private ocean transportation company with roots extending into the late 19th century. It is credited with introducing mass tourism to Hawaii with the opening of the Moana Hotel (now known as the Moana Surfrider Hotel) subsidiary, Matson Intermodal System, Inc., today announced they have begun operating a new intermodal train service called the Pacific Coast Express. The new train service, which began November 5, 2000, offers regular, twice weekly, fixed-day service for international steamship steamship, watercraft propelled by a steam engine or a steam turbine. Early Steam-powered Ships Marquis Claude de Jouffroy d'Abbans is generally credited with the first experimentally successful application of steam power to navigation; in 1783 his and commercial customers moving freight along the I-5 corridor between Los Angeles and Seattle. Matson Navigation Company is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Alexander & Baldwin, Inc. of Honolulu (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALEX). The Pacific Coast Express service was introduced after Matson Navigation Company restructured its water-based Pacific Coast Service (PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. ) from a weekly port-to-port service to this new container rail service. The added frequency of the new service is designed to allow customers more flexibility in scheduling their freight shipments. Matson Intermodal System will manage the service. "Matson understands the requirements of both ocean carriers and commercial shippers and we are committed to providing the same high service standards for this rail service that was achieved with our ocean service," says Ron Forest, president, Matson Intermodal System. "We are confident that we can deliver a transportation package for these long term customers that is as reliable, efficient and cost competitive as Matson's other domestic ocean transportation and intermodal services." "We're pleased to work with Matson to offer shippers this new option along the I-5 corridor," said Steve Branscum, group vice president, BNSF Consumer Products. Headquartered in Fort Worth, BNSF operates one of the largest rail networks in North America, with 33,500 route miles of track covering 28 states and two Canadian provinces. Headquartered in San Francisco, Matson Navigation Company provides a wide range of domestic transportation services, including ocean transportation, intermodal and logistics. Editor's note: This news release can be found on BNSF's Web site at http://bnsf.com and on Matson's Web site at www.matson.com |
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