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News Release
Swift Intermodal Ltd. Acquires BNSF-leased 53-foot Containers
Fort Worth, Texas and Phoenix, Ariz., August 9, 2005:
Swift Intermodal Ltd. and BNSF Railway Company today announced they reached an agreement for Swift to acquire approximately 3,800 53-foot containers currently leased by BNSF which are part of the North American Container System (NACS) program.
"We believe Swift’s proven expertise in the marketplace should maximize the utilization of this fleet, thus creating additional shipping capacity for the entire intermodal community," says John Hickerson, BNSF vice president, Domestic Intermodal. "In addition, this change will allow BNSF to improve its intermodal facility operational fluidity."
Dan Beers, president, Swift Intermodal Ltd., says, "This acquisition allows Swift to enhance its intermodal offerings to both our retail and wholesale customer base. This capacity, along with excellent rail service, provides Swift the opportunity to meet the growing needs of the intermodal shipping community."
BNSF plans to allow the free interchange of the remaining containers sponsored by NACS that are still in service through December 31, 2006. NACS is a North American doublestack network encompassing almost every major U.S. market. It is designed to facilitate the free interchange of 48- and 53-foot domestic containers among member railroads without restrictions.
A subsidiary of Burlington Northern Santa Fe Corporation (NYSE:BNI), BNSF Railway operates one of the largest railroad networks in North America, with about 32,000 route miles in 28 states and two Canadian provinces. The railway is among the world's top transporters of intermodal traffic, moves more grain than any other American railroad, transports the components of many of the products we depend on daily, and hauls enough low-sulphur coal to generate about ten percent of the electricity produced in the United States. BNSF Railway is an industry leader in Web-enabling a variety of customer transactions at www.bnsf.com.
Swift Intermodal Ltd. is a subsidiary of Swift Transportation Co., Inc., a truckload carrier headquartered in Phoenix, Ariz. Swift’s trucking subsidiary operates the largest fleet of truckload carrier equipment in the United States with regional operations throughout the continental United States.
BNSF Headquarters
BNSF Railway Company 2650 Lou Menk Dr. 2nd Floor
P.O. Box 961057
Fort Worth, TX 76161-0057 Phone: (817) 352-1000
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