MHW Group Companies

Protecting Today's Perishables for Tomorrow®

The MHW Group Family of Companies

Comprised of three companies, the MHW Group Family of Companies, is headquartered in Reisterstown, Maryland. We are a privately held company providing end-to-end asset based cold supply chain solutions. Through the company’s buying power, technology and human capital, we offer competitive options in three areas: Refrigerated Railcar Leasing, Cold Storage Warehousing and Refrigerated Trucking. The MHW Group provides customers with a unique transportation and logistics program that truly fits their needs.

Industry News

Reynolds Hutchins, Associate Editor | Jul 21, 2016 2:33PM EDT   

Following double-digit dives in profit and revenue in the second quarter, Union Pacific Railroad said Thursday that despite shippers pulling down inventory, it doesn’t expect the soft freight economy to improve until at least 2017 now.

“I think if you look at the absolute volumes, they are not strong,” Eric Butler, UP’s executive vice president and chief marketing officer, said on an earnings conference call with analysts and investors Thursday morning.

Intermodal freight traffic was down 14 percent year-over-year in the second quarter, contributing to a 16 percent decline in related revenue, which rounded out the quarter at $909 million, the railroad reported.

It also contributed to a 19 percent year-over-year decline in profit. The railroad’s net income for the quarter was $979 million. Meanwhile, overall revenue also fell some 12 percent to $4.77 billion.

Reynolds Hutchins, Associate Editor | Jul 20, 2016 3:56PM EDT

Canadian Pacific Railway’s financials took a hit in the second quarter, rounding out a rough first half of 2016, thanks in part to declining intermodal business, a stronger Canadian dollar and devastating wildfires in the Alberta province.

“The second quarter, I think we all recognize has been quite challenging. In fact, this whole first of the year has been quite challenging,” CP CEO E. Hunter Harrison told analysts and investors on a second-quarter earnings conference call Wednesday morning.

Reynolds Hutchins, Associate Editor | Jul 14, 2016 12:14PM EDT

Efforts to attract new intermodal business were not enough to slow the loss of volume and profit at CSX Transportation in the second quarter, and executives say they don’t expect the bloodletting to stop until sometime next year. Other Class I railroads in the coming weeks are expected to report declining profits, partly because of weakness in intermodal traffic.

CSX reported a nearly 20 percent year-over-year decline in second-quarter profit this week to $445 millino, as total freight volume fell 9 percent over the same period. That 9 percent decline was led by double-digit losses in coal volume, down some 34 percent, but the railway’s intermodal business still contributed to the subpar quarter. 

Total intermodal volume in the second quarter was down 4 percent to 694,000 units. Related revenue also suffered, down 7 percent to $419 million.

By Jeff Stagl, Managing Editor

When it comes to rolling stock, a lot less of it was rolling on Class Is' networks in the second quarter. The large roads stored more locomotives and rail cars than they had at the same point in 2015, mostly because their traffic is down considerably.

Through 2016's first 24 weeks, U.S. carloads were down 13.3 percent to 5.8 million units and Canadian carloads were down 11.2 percent to 1.7 million units compared with figures from the same 2015 period, according to Association of American Railroads data.

Reynolds Hutchins, Associate Editor | Jul 19, 2016 4:36PM EDT    

Like many of its competitors, Kansas City Southern Railway found the second quarter a dud for intermodal volume growth, with traffic dipping 1.5 percent year-over-year.

The Missouri-based railway still reported Tuesday better-than-expected second-quarter profit, thanks in large part to cost-cutting initiatives and a rebound in service after floods slowed the railroad’s cross-border network earlier in 2016.

Second-quarter net income was up 10 percent year-over-year to $120.1 million, KCS executives said on their quarterly earnings call Tuesday morning.

New Trade Association Formed, Called the Private Railcar Food and Beverage Association, Inc.

 

The formation of a new trade association geared toward the private railcar food and beverage shipper.

 

Reisterstown, MD, September 13, 2016 --(PR.com)-- PRFBA is excited to announce the formation of a new trade association, named the Private Railcar Food and Beverage Association, Inc. This Association also known by its members as PRFBA, pronounced “PERF-BAH,” and is comprised of 13 global food and beverage companies and manufacturers headquartered in North America.

In September of 2015, a group of 10 leading food and beverage companies got together for three days to discuss improvements to managing and utilizing their private railcar fleets. From this summit, the PRFBA organization was born. In January of 2016, the association became incorporated and 12 members joined officially as the “charter members.” Since that time, one more company has joined the association with several others in the works.

Membership is per company and each company can appoint one or more “designated representatives.” In most cases, each member company has a primary DR and a back-up DR on the membership roster.

The PRFBA membership voted in a Board of Directors in February, which consists of three member BOD’s and one ex-officio, BOD (non-member).

PRFBA members meet regularly either in person or on the phone to discuss opportunities and solutions to their “similar” challenges with railcar service. The membership also collaborates with other trade associations with regard to industry changes and legislation, such as FSMA, that directly impact the food and beverage arena.

The Association meets with the four Class 1 North American railroads at least twice per year as a group and the BOD’s meet with the railroads as well throughout the year.

The Association has provided the members with a forum to work together to harness the railroad service and ultimately provide a better foundation for private railcar food and beverage shipper’s in North America.

Some thoughts from the PRFBA members:

“The Association has provided McCain Foods an opportunity to meet other private railcar food and beverage companies and has allowed me to collaborate and share ideas with regard to railcar service improvements," as stated by Charles Penrow, McCain Foods.

“The Private Rail Food and Beverage Association has provided Land O Lakes, and myself, a deeper understanding of the challenges and benefits faced by the rail shipping community and enabled our collaboration with other shippers and rail providers to improve our processes and planning. We expect our involvement in the association to provide us a platform where we can further develop our rail network processes and utilization, as well as assist us in further developing our transportation team members,” as stated by Jim Carver, Land O’ Lakes.

“The ability to optimize network efficiencies (empty miles, load factors, capacity, lead times, service expectations), particularly within a rail network, are difficult to achieve as a single organization. PRFBA offers us the capability to work in partnership with other supply chains and rail providers to bring our scale together and present opportunities that would not be there otherwise,” as stated by Rocco Palmieri, The Kraft Heinz Company.

The STB proposed on July 27th, a similar regulation like the Fair Shippers Act in Canada, which allows reciprocal switching at all rail locations. 

By Jeff Stagl, Managing Editor

The changing of the guard among Class I chief executive officers continued last month. CN President and CEO Claude Mongeau stepped down June 30 due to issues with his health and the position’s demands.

On July 1, Executive Vice President and Chief Financial Officer Luc Jobin took the helm at CN. That same day, Kansas City Southern President Patrick Ottensmeyer became CEO, succeeding David Starling, who will serve as a senior adviser until he retires at year’s end.

MHW Group Headquarters

Corporate Office: 11620 Red Run Boulevard • Reisterstown, Maryland 21136

Mailing Address: P.O. Box 487 • Owings Mills, Maryland 21117-0487

Phone: 410.654.6700 • Fax: 410.654.2234