Tag Archives: intermodal

Regal’s Amy Miles named to Norfolk Southern board

Amy Miles, CEO of Regal Entertainment Group

Amy Miles, CEO of Regal Entertainment Group

Knoxville businesswoman Amy Miles, CEO of movie theater operator Regal Entertainment Group, is taking her business acumen to Norfolk Southern railroad.
Miles was one of two directors elected to the Norfolk Southern Corp. board effective Tuesday, the railroad  announced.
Miles, who has been CEO of Knoxville-based Regal since 2009, was appointed to the Norfolk Southern board’s audit and finance committees.
Like many executives, Miles serves on a number of corporate and nonprofit boards, including National CineMedia Inc., a digital in-theater media network, co-owned by Regal; the Regal Foundation, and Variety of Eastern Tennessee, a children’s charity.
She also is an executive board member of the National Association of Theater Owners.
Also elected to the Norfolk Southern board was James A. Squires, who was appointed president of Norfolk Southern last year.
Miles could not immediately be reached for comment on the railroad appointment.
Naming a movie theater executive to a railroad board may seem a stretch, but Norfolk Southern has a major presence in Knoxville.
Last year it opened a $5.9 million rail/truck transfer terminal on Tennessee Avenue giving companies that lack direct rail connections a way to access rail.
Knoxville also sits along the Crescent Corridor, Norfolk Southern’s 2,500-mile intermodal network that stretches from Louisiana to New York.
Regal is the largest movie theater operator in the country with 580 theaters in 42 states, the District of Columbia and Guam, Saipan, American Samoa.

Santa shopping good for railroads

Here’s an interesting take from Bloomberg on how Internet shoppers have given a boost to the
Norfolk_Southern01.JPGrail freight business.

And that includes companies like FedExs and UPS, which are using railroads to ship goods long distances before putting them on trucks.

“Railroad intermodal units, the containers and trailers often used for retail goods that can move by rail, road and sea, rose 4.7 percent in the week ended Dec. 3, the Association of American Railroads said today. That growth rate may increase in coming weeks as shippers such as FedEx Corp. (FDX) and United Parcel Service Inc. (UPS) use railroads for delivery of online purchases,” Bloomberg reported.

Bloomberg: Rail Freight Gains as Record Retail Sales Buoy December Rush

Photo: Containers and trailers are transferred between trucks and trains at Norfork Southern Corp. Intermodal Transportation hub. (Norfolk Southern)