(BRK.A), (BRK.B)
Railserve, Inc., a Marmon/Berkshire Hathaway company, and USD Group have announced a strategic alliance to develop rail-centric solutions that enhance growth, efficiency and capacity for all sectors of the rail industry.
“We recognize the unique environment that railroads and shippers currently operate within,” said Dan Borgen, USDG’s CEO and President. “In an industry that is increasingly capacity constrained, our strategic alliance with Railserve is one of many ways USDG is continually pursuing growth and promoting efficiency. We believe USDG and Railserve can leverage our respective organizational capabilities to tailor unique solutions.”
The alliance between USDG and Railserve is born from a long history of collaboration and shared values. USDG and its affiliates are engaged in designing, developing, owning and managing large-scale multi-modal logistics centers and energy-related midstream infrastructure across North America. Railserve is a leading provider of on-site rail services, including third party rail switching, in-plant logistics, locomotive service, track maintenance, locomotive sales and leasing, air brakes as well as a host of car repair inspection, cleaning and maintenance services through Union Tank Car. The alliance will allow the companies to more seamlessly provide customers with new service options, such as car inspections, car repairs and car washing.
“We believe this alliance creates a wide range of services and capabilities for rail shippers and receivers,” said Tim Benjamin, Group President – Railyard Products and Equipment. “Our longstanding relationship with USDG makes this a natural partnership for our respective companies. The current dynamic rail environment continues to evolve and both companies understand the efforts around Precision Scheduled Railroading (PSR), storage in transit (SIT), First and Last Mile, truck to rail transload, ports, and efficient growth solutions. Our collective team of experienced industry experts are uniquely qualified to assist in all these areas.”
The alliance is currently coordinating activities and railroad and energy industry partners will have immediate opportunities to benefit from these new initiatives.
© 2020 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.