This pilot agreement calls for CCR to locally market rail services to and from the port and manage scheduling and operations of the port's rail system, the port authority said.
The arrangement will not require any expenditures by the port authority. CCR will earn revenue through proceeds generated by the service. CCR will pay the port authority a sliding rate after annual volume exceeds 500,000 tons.
'We believe this partnership will help upgrade the port's rail service — something critical to our competitive position,' said Will Friedman, the port authority's chief executive officer, in a statement. 'Improved rail access will make the port more accessible to businesses looking to cut their shipping costs and improve their international reach.'
CCR will be responsible for negotiating switching agreements and scheduling protocols with Norfolk Southern and CSX railroads, which serve the port via separate tracks.
The short line will provide advice on designing the planned rail loop, which would connect the tracks at the port. The loop will also add more than a mile of additional track to the port, allowing more rail cars to be brought in and switched on site.
Port authority officials said the partnership's work will begin immediately and the rail loop improvement project will be completed later this year.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
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The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now