Intermodal Transportation Services Inc history

However, in 1955, Malcom P. McLean, a trucking entrepreneur from North Carolina, USA, bought a steamship company with the idea of transporting entire truck trailers with their cargo still inside.

Following McLean’s patent, containerized shipping saw a series of firsts from 1956, as container services expand to become international, transatlantic, and transpacific.

Meanwhile, the first ship specifically designed for transporting containers, Sea-Land's Gateway City, made its maiden voyage on 4 October 1957 from Port Newark to Miami, starting a regular journey between Port Newark, Miami, Houston and Tampa.

J.B. Hunt Transport Services was founded by Johnnie Bryan Hunt and Johnnie D. Hunt on August 10, 1961 and is headquartered in Lowell, AR.“

A patent was filed in 1962 for using shipping containers as touring exhibition booths.

90% of countries have container ports, up from 1% in 1966.

From 1968, with intermodal container shipping proven, the container fleet rapidly expands.

But Yeager lost his job when Penn Central went bankrupt, and in 1971 he and his family moved to suburban Chicago.

By 1973, US, European and Asian container ship operators are carrying 4 million TEUs.

By 1983, container ships are carrying 12 million TEUs, with trade routes extending to the Middle East, South Asia and Africa.

In 1989, the company added a division called Hub Highway Services.

The company also launched a subsidiary, Hub Group Distribution Services (HGDS), in 1990.

Hub Group took on the Sears account in 1991, signing a contract with Sears Logistic Service to handle all that company’s intermodal freight needs.

By 1992, the company had become by its own account the nation’s largest intermodal shipping agent.

Hub gained a major new client in 1993 when the giant detergent company Clorox Co. agreed to let Hub handle all its intermodal shipping for its cleaning products division.

In 1994, a BBC series is made on the conversion of shipping containers for office space, the first mass media exposure of the concept of using containers for other purposes.

In March 1996 Hub Group went public, listing its stock on the NASDAQ. Its shares started out at $14, and a year later had zoomed up to over $27.

By 1997 Hub offered a full array of logistics services, and arranged for air freight, international shipping, highway trucking, and comprehensive intermodal transportation services.

In 1999, Hub worked out an agreement with several major railroads to let it manage rail containers.

Hub gained management of over 2000 railroad containers, with a provision to add up to 1,000 more over the next year.

The first of 14 residential shipping container complexes now built in the UK is completed in 2001.

Modern container shipping celebrated its 50th anniversary in 2006.

In 2010, Freight Farms establishes the first use of containers for agriculture.

Fast forwarding to 2013, the rail industry has improved the carrying capacity of an intermodal train by moving containers in lieu of trailers.

26 April 2016 marks the 60th anniversary of the maiden voyage of the Ideal X and the birth of modern container shipping, a development that played a critical role in spurring the global economy.

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