Carrying Coal To The 21st Century: The ICG/Hoosier Energy Contract

I was asked here today to discuss the first long-term freight rate contract ever signed by a U.S. railroad and shipper. That was ICG's contract with the hoosier energy company to haul coal from southern Illinois to an Indiana power plant. I?ll also talk about why you can expect to see more such contracts in the future But first, let me tell you a little bit about the Illinois central gulf railroad and why coal contracts are so important to us. ICG is a principal mid-American freight carrier. We are one of the ten largest railroads in the united states and one of the ten largest coal-hauling railroads. ICG links the industrial great lakes region with the warm weather ports of the gulf coast. Some of the major points on our route map are Chicago; Indianapolis; Omaha; Kansas City; Memphis; St. Louis; and, of course, baton rouge and new Orleans.