By CBJ News Staff
Alliant Energy Transportation, a subsidiary of Alliant Energy Corp., today announced it is changing its name to Travero in an effort to align its growing portfolio of companies under a single identity.
The company offers comprehensive logistics services, including rail transportation, freight management services, warehousing and transloading across Eastern Iowa, Wisconsin and Illinois. It has grown both organically and through acquisitions in recent years, and now includes:
• Travero Logistics: A freight brokerage and third-party logistics services provider formed from a combination of AET freight management services, and the acquisitions of Cedar Rapids-based Hybrid Transit Systems and Stoughton, Wisconsin-based Business Transportation Solutions.
• CRANDIC Rail, a Travero company: A short-line railroad between the Cedar Rapids and Iowa City metro areas offering regional rail services with cross-continental connections.
• Logistics Park Dubuque, a Travero company: A specialized warehousing and river terminal transloading facility in East Dubuque, Illinois.
• Logistics Park Cedar Rapids, a Travero company: A new multipurpose warehouse and transload facility in southwest Cedar Rapids scheduled to open in 2021.
According to Travero, the new name is derived from a Latin word that means “to transform, shift or move,” and “connects the company’s resources into one brand and furthers its commitment of delivering new solutions that allow customers to move freight creatively and competitively.”
“The transformation from Alliant Energy Transportation to Travero builds on over a century of creativity and flexibility to solve customer needs,” said President Kevin Burke in a release. “This positive momentum will drive growth, development and investment opportunities for many communities.”
The company was founded in 1904, when its CRANDIC Railway began passenger and freight service between Cedar Rapids and Iowa City. Today, the railroad averages 100,000 carloads a year, specializing in agriculture, defense, mining, industrial equipment and utilities. CBJ