Supply side: GRS; Hub Group

Written by

Marybeth Luczak, Editor-in-Chief

GRS has announced the sale of YSD, its covered car door subsidiary, to Jaxon (Jackson International, Inc.), effective October 20.

Greenbrier Rail Services (GRS) sells its subsidiary Youngstown Steel Doors (YSD) and Hub Group has acquired Choptank Transport, a third-party logistics company focused on the cold chain.

GRS announced the sale of YSD, its covered rail car doors subsidiary, to Jaxon (Jackson International, Inc.), starting October 20. Jaxon, based in Mineral Ridge, Ohio, provides uncoupling devices and levers, railcar pins, and custom sourcing. Terms of the contract are not disclosed.

In a letter to clients, GRS Senior Vice President Rick Galvan wrote: “Jaxon’s location is near our Youngstown [Ohio] and all of our qualified employees have been transferred. Their management also knows YSD. We expect the service to continue uninterrupted. Of course, Greenbrier’s new industry-leading boxcars will continue to be fitted with the patented doors designed by YSD.

Galvan noted that “[a]All pending orders with GRS will be shipped when ready in accordance with the POs issued. All new purchase orders for repair or replacement doors and spare parts should be placed directly with Jaxon. We will be supporting our clients and Jaxon throughout this transition.

Hub Group announced the acquisition of Tanker transport October 19. This decision expands its “range of refrigerated road transport solutions and complements its growing fleet of 450 refrigerated intermodal containers”. At the same time, Hub Group announced plans to purchase an additional 550 refrigerated intermodal containers in 2022, bringing its total fleet to 1,000.

“Choptank adds scale to Hub’s portfolio of brokerage services, with combined dry, refrigerated and LTL freight revenue of over $ 1 billion expected in 2021,” said Hub Group. “The acquisition is expected to result in many additional cross-selling opportunities for Hub and Choptank customers. With this transaction, Hub’s non-active businesses will contribute more than 40% of total revenue.

In addition to its network of carriers, the 400 employees of Choptank will join Hub Group.

“We are delighted to welcome Choptank employees, customers and carriers to the Hub Group,” said David Yeager, Chairman and CEO of the Hub Group. “This acquisition translates into our strategy to provide the best supply chain solutions in the industry and will strengthen our position in the growing cold chain segment. “

Categories: Freight, Freight wagons, Intermodal, Mechanical, News
Key words: Latest News, Choptank Transport, Greenbrier Rail Services, GRS, Hub Group, Youngstown Steel Doors, YSD
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