The United States Coast Guard is scheduled to meet with the Federal Maritime Commission on Feb. 18 to hear shipper concerns about the new verified gross mass requirement enacted by the International Maritime Organization.
Matt Rose, chairman and CEO of BNSF Railway, said a deal between Canadian Pacific and Norfolk Southern is unlikely because it would require buy-in from investors, rail labor, customers and public policy makers.
The port handled 35 percent more cargo in January than in the same 2014 period and said that, in addition to restoring regular service following congestion issues last year, restocking before Lunar New Year may also be a factor in the growth.
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Should big ports combine terminals to better handle big ships and the concentrated box volumes they throw off?
The Port of Oakland has indicated officials are negotiating with TraPac, but said its other terminals will handle former OHT cargo and expects no diversion as a result of decision by TIL and Ports America to end operations at the port.
The International Monetary Fund yesterday released its latest quarterly World Economic Outlook (WEO) Update, in which it projected the global economy will grow 3.4 percent this year, down from its October projection of 3.6 percent.