breaking

Restructured Intermodal Carrier Capitalizes on Drayage Shortage

An intermodal marketing company that emerged from Chapter 11 in early July with 90% less debt is positioned to capture market growth. Drayage capacity is tightening across the sector. The company operates 15,000 containers and provides internal drayage coverage on both ends of rail moves, distinguishing it from competitors focused solely on one segment. Strong intermodal demand forced the carrier to decline business in the second quarter due to insufficient drayage capacity—a constraint persisting through summer. Driver availability, pressured by regulatory compliance actions, remains the primary bottleneck pushing up drayage costs in line with over-the-road trucking rates. New ownership from Fortress, Fidelity and Invesco has removed debt-related growth constraints. Modal conversion is emerging as an opportunity, with shippers trialing new intermodal lanes in response to truck capacity tightness and rising tender rejections.