Jacksonville, Fla. (Jan. 25, 2011) – Florida East Coast Railway completed a successful refinancing on Jan. 19, 2011, through the sale of $475 million of six-year senior secured notes at an interest rate of 8.125 percent.
Florida East Coast Railway Refinancing Positions Company for GrowthPosted on January 25, 2011.Santa drops off toys for tots in NSBPosted on December 12, 2010.
NEW SMYRNA BEACH -- Just weeks before flying across the globe in one night in his magic sleigh, Santa Claus spent Saturday taking a leisurely train ride down the Florida East Coast Railway, delivering toys along the way, with New Smyrna Beach among his eight stops.
Santa dropped off about 325 items just after 10:30 a.m. Saturday, the toys the result of Florida East Coast Railway's toy drive. The toys were headed to the Gifts of Love Coalition in Edgewater to be distributed to different spots throughout the area.Florida East Coast Railway sets new Service Record for UPSPosted on December 01, 2010.
Jacksonville, Fla. -- Florida East Coast Railway, LLC (FEC), has set another new standard in customer service today by providing 2,000 consecutive days of failure free service to UPS, which is a new record for any transportation company serving UPS. One of FEC’s largest intermodal customers, UPS has a long-standing relationship which has been in existence for well over a decade. During these 2,000 days, stretching from June 9, 2005 through November 28, 2010, FEC handled more than 125,000 intermodal loads, allowing the delivery of more than 200 million packages on time.Florida East Coast Railway Sponsors Toys for Tots Christmas TrainPosted on November 10, 2010.
Jacksonville, Fla. (Nov. 10, 2010) -- Florida East Coast Railway (FEC) is pleased to announce its sponsorship of a Toys for Tots Christmas Train riding on the FEC rail line between Jacksonville and Miami on Saturday, December 11, 2010.Florida East Coast taps intermodal growthPosted on October 11, 2010.
JACKSONVILLE — Florida East Coast Railway LLC expects 5 percent annual revenue growth over the coming years as customers increasingly use the century-old Jacksonville railroad to transport goods south into Florida, the company’s chief executive said.
James Hertwig, the company’s CEO and president, said the 351-mile railway connecting Jacksonville to Miami is tapping the growth of intermodal rail transport like the larger Class I railroads, including CSX Corp. Intermodal is the process of hauling goods by train and truck that are normally transported solely by truck.