* Four of the past 11 years back to 2009 saw declines in TOFC volume.
* What used to be ~3 million TOFC units more than a decade ago is now trending to ~ 1.2 million annually.
In reversing on the expedited appeal, the Appellate Division Court indicated that while DOT had originally contemplated developing the rail yard as an all
TOFC facility, changed market conditions, including competing
TOFC facilities in New Jersey, had made that infeasible.
Shipping
TOFC (trailers on flatcar) was more affordable in December.
Complete relaxation of Trailer-On-Flat-Car (
TOFC) services from ICC regulations provided a further boost to the competitiveness of such intermodal moves versus long-haul trucking.
(NASDAQ:
TOFC) board of directors has authorized the repurchase of up to 250,000 shares of the company's common stock, either through open market purchases or in privately negotiated block purchases if and to the extent the company becomes aware that individual blocks of shares are available for repurchase.
The collaboration between rail and truck operators may involve carriage of wheelless intermodal freight-carrying units such as trailers or swap-bodies on rail flatcars (
TOFC).
The company has reduced long distance trips by the private fleet and uses
TOFC instead.
Beier, "The Viability of Consolidated
TOFC Terminals," Transportation Quarterly, 36, 1982, pp.
The demographic profile of the respondents showed containers were the predominant choice of 91 percent and trailer-on-flatcars (TOFC) trailers were the choice of 61 percent.
The survey asked respondents their perceptions of TOFC, RoadRailer, and container intermodal rail equipment in six categories (cubic capacity, gross weight capacity, ease of loading and unloading, protection of lading, cleanliness, and flexibility of use from mode to mode).