THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Saturday, January 7, 1995 TAG: 9501070218
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
LENGTH: Medium: 52 lines
In a joint venture with the Kansas City Southern Railway, Norfolk Southern Railroad has launched a new intermodal train service between Dallas and Atlanta. The new train, called the ``Hotshot 20,'' will offer truck-competitive second morning service between the two major transport hubs. Aggressive rates and expedited service will make the train competitive with over-the-road freight moving along Interstate 20 between the two cities, Norfolk Southern said. The train will run six days a week, once a day in both directions. Kansas City Southern will operate the train between Dallas and Meridian, Miss., and Norfolk Southern the rest of the way. (Staff) Georgia considers expansion of port
Gov. Zell Miller has proposed investing $40 million to expand the state-run shipping terminal on the Savannah River.
The Savannah port, which is actually in Garden City, Ga., is one of several major East Coast ports that compete with the port of Hampton Roads.
The proposed expansion would add a seventh berth and additional container storage space at the Savannah terminal, which is the nation's 10th-largest container port by volume. (Staff and wire) MCI signs paging agreement with PageNet, SkyTel
MCI Communications Corp., jumping into the booming wireless communications market, said it signed agreements with Paging Network Inc. and SkyTel Corp. to provide nationwide messaging services. The agreements come four months after MCI's proposal to pay $1.3 billion for a 17 percent stake in Nextel Communications Inc. collapsed. Rutherford, N.J.-based Nextel provides services in both segments of the wireless market - voice, or cellularlike services, and data, or paging. By teaming with PageNet and SkyTel, MCI hopes to become a force in the wireless market, while simultaneously bolstering its long-distance business. (Bloomberg Business News) Interstate Bakeries plans to buy Ralston subsidiary
Interstate Bakeries Corp. agreed to acquire the Continental Baking Group subsidiary of Ralston Purina Co. for about $556 million in cash and stock. Continental is the country's largest fresh bakery company, with about $2 billion in revenue, nearly twice that of Interstate. The move would catapult Interstate from the third-largest company in the industry to the largest, giving it such famous brands as Wonder bread and Hostess Twinkies. (Bloomberg) by CNB