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.
Caribbean and Central American ocean carrier and terminal operator King Ocean has signed a 20-year lease extension at the South Florida port that calls for a minimum 72,000 container lifts per year over an initial 10-year term.
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The Commerce Department’s Bureau of Industry and Security and the Treasury Department’s Office of Foreign Assets Control have announced further regulatory amendments to expand the types of U.S. goods allowed for export to Cuba.
The trade ministers of Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam at a meeting in Auckland on Wednesday signed the Trans-Pacific Partnership agreement.
The massive China Shipping containership was freed after being stuck on a sandbar for nearly a week in the River Elbe leading to the Port of Hamburg.