| RailRunner and Stone sign deal for Indian market | 26. October 2009 |
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RailRunner N.A. Inc, which develops and markets an advanced container-based intermodal transport system, has announced a ten-year collaboration agreement with Kolkata (India)-based Stone India through Stone’s wholly owned subsidiary, Stone Intermodal Pvt Ltd. Under the exclusive agreement, Stone will manufacture, operate, distribute and sell RailRunner products in India. Stone has already received commercial and operating clearance from Indian Railways. The design validation is in progress and is expected to be completed soon. Once technical clearance is obtained from Indian Railways, the company will enter into an agreement with Indian Railways for train operation with RailRunner’s unique, container-carrying intermodal cars. |
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