Florida East Coast Railway Named Rail Carrier of the Year by UPS
12 Julho 2007 - 12:57PM
PR Newswire (US)
-- Over two years of failure free service continues --
JACKSONVILLE, Fla., July 12 /PRNewswire-FirstCall/ -- Florida East
Coast Railway, L.L.C. ("FECR"), the transportation subsidiary of
Florida East Coast Industries, Inc. (NYSE:FLA) ("FECI"), has been
recognized by UPS as one of two Rail Carriers of the Year for 2006.
The award recognizes FECR's continuing commitment to UPS for daily
on-time delivery. UPS, which is the Railway's largest domestic
intermodal customer, has a long-standing partnership spanning well
over a decade. John D. McPherson, President, FECR stated: "We value
excellence in customer service and are honored to receive this
prestigious award from an internationally renowned entity like UPS.
I congratulate all my partners at the Railway for their dedication
and hard work that led to this distinguished honor. Our continuing
failure-free service record demonstrates FECR's total commitment to
provide world-class service." Randy Welch, Vice President of
Transportation, UPS stated: "We rely on building strong
relationships with partners like FECR who provide great customer
centric service. UPS strives to provide leading edge service to our
customers on a daily basis and FECR helps to facilitate that goal."
David A. MacInnes, Assistant Vice President of Intermodal
Marketing, FECR added: "Being chosen by UPS as a Rail Carrier of
the Year is a powerful recognition of our ability to meet their
service performance levels and our ability to adapt in critical
situations to deliver high quality service, under adverse
conditions. UPS takes advantage of our scheduled intermodal service
with multiple daily departures. By striving to continually improve
our network performance for UPS, we have created an intermodal
service that is competitive to over-the-road transit time and more
reliable than trucking." Senior executives of the Railway and UPS
are scheduled to meet with FECR and UPS employees from Jacksonville
to Miami over a three-day period starting today to commemorate and
celebrate this system-wide achievement. In addition to working
directly with National Accounts in the retail market within the
Southeast, FECR's Intermodal Division builds relationships with
Intermodal Marketing Companies (IMCs), Parcel carriers, Less-Than-
Truckload Companies (LTLs), Truckload carriers, Ocean carriers and
railroads. Florida East Coast Railway operates a Class II freight
railroad along a 351-mile corridor between Jacksonville and Miami.
It serves the densely populated east coast of Florida and is the
only rail-service provider to the Port of Palm Beach, Port
Everglades (Ft. Lauderdale) and the Port of Miami. Through drayage
services and alliances with connecting carriers, FECR extends its
reach throughout the Southeast and to Chicago, New York/New Jersey
and Baltimore. For more information, visit the Company's Web site
at http://www.fecrwy.com/. About Florida East Coast Industries,
Inc. Florida East Coast Industries, Inc., headquartered in
Jacksonville, FL, conducts operations through two distinct
businesses, Flagler Development Group (Flagler), its commercial
real estate operation, and Florida East Coast Railway, L.L.C.
(FECR). Flagler owns, develops, leases and holds in joint ventures,
approximately 8.6 million square feet of Class-A office and
industrial space, as well as an additional 1,916,000 square feet
under construction. Flagler space consists of Class-A office and
industrial properties, primarily in Jacksonville, Orlando, and
South Florida counties of Palm Beach, Broward and Miami-Dade. In
addition, Flagler provides construction, consulting, third party
brokerage and property management (includes Flagler's wholly-owned
portfolio, as well as approximately 10.5 million square feet for
third parties) services and owns directly or in joint venture 853
acres of entitled land in Florida, which is available for
development of up to an additional 15.9 million square feet and
Flagler owns approximately 3,089 acres of other Florida properties.
FECR is a regional freight railroad that operates 351 miles of
mainline track from Jacksonville to Miami and provides intermodal
drayage services at terminals located in Atlanta, Jacksonville, Ft.
Pierce, Ft. Lauderdale and Miami. For more information, visit the
Company's Web site at http://www.feci.com/. This news release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. These
forward-looking statements include the Company's present
expectations or beliefs concerning future events. These statements
may be identified by the use of words like "plan," "expect," "aim,"
"believe," "project," "anticipate," "intend," "estimate," "will,"
"should," "could," "may", and other expressions that indicate
future events and trends. The Company cautions that such statements
are necessarily based on certain assumptions, which are subject to
risks and uncertainties that could cause actual results to
materially differ from those contained in these forward-looking
statements. Important factors that could cause such differences
include, but are not limited to, the changing general economic,
business, competitive, regulatory and market conditions
(particularly in the state of Florida, the Southeast US and the
Caribbean); the impact of weather related damages/problems such as
power outages and the Company's ability to recover its estimated
losses and additional costs from insurers and others and other
risks inherent in the real estate and other businesses of the
Company. Further information on these and other risk factors is
included in the Company's filings with the Securities and Exchange
Commission, including the Company's most recently filed Forms 10-K
and 10-Q. The Company assumes no obligation to update the
information contained in this news release, which speaks only as of
its date. DATASOURCE: Florida East Coast Industries, Inc. CONTACT:
Investor Contact: Bradley D. Lehan, +1-904-996-2817, Media Contact:
Brian J. Nicholson, +1-904-996-2818, both of Florida East Coast
Industries, Inc. Web site: http://www.feci.com/
http://www.fecrwy.com/
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