FOR IMMEDIATE RELEASE:
SYNCHRONET INTERMODAL SERVICES, INC. (SIS) OPENS
Expanded Domestic Intermodal Services Deliver Value And Cost Savings To Intermodal Customers
Pleasanton, CA – October 01, 2009 – SynchroNet Marine Inc. today announced the formation of a new sister company, SynchroNet Intermodal Services, Inc. (SIS), formerly Marine’s domestic division. The Company provides ramp-to-ramp stack train transportation, capacity availability, customized asset management services and online equipment visibility services previously provided by SynchroNet Marine’s US Domestic division. SIS also provides opportunities for container owners to economically reposition empty equipment throughout North America. SIS designs, manages and executes the most efficient system for ocean carriers, third parties (IMCs, NVOCCs, freight forwarders, leasing companies and traders) and truckers, to meet the objective for container re-use anywhere in North America.
The creation of SIS comes at a time when the US transportation industry faces unprecedented challenges. The normal trends in equipment flows and capacity, which have been in place for many years, have dramatically changed as a result of the global economic downturn. SIS offers dedicated resources and custom-designed technology to deliver web-based solutions to meet operating cost savings and efficiency objectives for its customers in the U.S. and Canada.
SIS will operate as a separate company from SynchroNet Marine and is headquartered in Chesapeake, VA under the direction of Mr. Marc DiNapoli, as Managing Director. DiNapoli has overall operational responsibility for the new company, which continues to offer the services in North American formerly marketed under SynchroNet Marine. Representation and support for SIS is located in Chesapeake and Charlottesville, VA, Chicago, IL, Ft. Lauderdale, FL, and Pleasanton CA.
“Timing and current market conditions make sense to launch SIS with a focus on meeting the challenges facing our customers in today’s North American market,” said Bob Baker, president and CEO of both SynchroNet Intermodal Services and SynchroNet Marine Inc. “With the Atlantic trade balanced and match backs a reality, and the Pacific import-to-export ratio down from five-to-one to two-to-one, we recognized a way to use our people, technology and resources to help customers with their current laser focus on cost savings and reduction. SIS delivers operational knowledge, market relationships, pricing, personnel infrastructure and technology, such as our web-based user interface supported through EDI connectivity, to help our customers reduce costs and increase efficiency.”
“We are excited to meet the challenges of the marketplace and the respond to the requests of our customers,” said Marc DiNapoli, managing director of SIS. “SIS is the premier neutral container supplier with access to the industry’s largest container database. SIS provides our customers with the most options through a single source system to meet their varied requirements.”
SIS customers now utilize the web-based systems to focus on reducing empty rail repositioning expenses, trucking costs, maintenance and repair management and container-yard handling expenses for customers with interests in the U.S. and Canada. The Company’s systems enable customers to efficiently execute import-to-export street turns, import-to-US or Canadian domestic street turns and location specific trucker-initiated match backs. The street re-use potential is one of the few underutilized opportunities customers have available to control costs and maintain or increase margins.