[GEORGETOWN, KY- FOR IMMEDIATE RELEASE- September 15, 1976] Thayer Consolidated Industries (NASDAQ- TCII) announced today the signing of a major new transportation agreement with the Chesapeake, Wheeling & Erie Railroad and the Kanawha & Lake Erie Railroad. The agreement provides for the railroads to expedite shipments of grain for TCI's Thayer Grain Company subsidiary from locations in the Midwest to the east coast port of Hunters Bay, VA.
Yvonne Thayer, President and CEO of TCI, said "We are very excited about this new agreement and are confident that it will allow us to significantly improve our service to all of our customers. Our goal is to shorten our delivery times in order to meet the growing demand for overseas grain shipments as a result of the bilateral grain sale agreement recently entered into by the United States and the Soviet Union." Thayer Grain Company will route its eastbound grain shipments from the Midwest to the K&LE at Cincinnati, OH. From there, the grain will travel east under the run through agreement between the two railroads that was recently announced. Stuart Thayer, Vice President of Transportation for TCI, said "This new agreement is part of TCI's ongoing efforts to improve all areas of our operation, but most importantly, it will speed up delivery of all of our grain products to our customers. We are extremely pleased to have entered into this arrangement with the CWE and K&LE and look forward to working with them in the future."
(In the photo above, a long string of Thayer Grain Company covered hopper cars have just been delivered to the K&LE's St. Joe Yard just west of Cincinnati. They will soon be on their way to Morgantown, WV and the connection with the CWE.)
(The photo above shows several Thayer Grain Co. covered hoppers in a long string of TGCX cars as they roll through Big Chimney, WV on the CWE in route to Hunters Bay, VA.)
TCI is headquartered in Georgetown, KY and has investments in a wide variety of natural resources. In addition to Thayer Grain Company, other subsidiaries include Thayer Sand & Gravel and Thayer Pulpwood.