The Omaha, Neb.-based Class I railway applied for a Presidential Permit to operate and maintain the Brownsville West Rail Bypass International Bridge.
Surface Transportation Board Chairman Daniel R. Elliott III will no longer send an annual letter to the industry asking Class I and other railroads to comment on their end-of-year outlook for traffic volumes and operations.
The London-based shipping research and consulting firm said it forecasts slow growth in the world container fleet of four to five percent per year through 2019.
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Ocean carriers MOL, NYK and “K” Line all reported losses in their container segments and lower revenues year-over-year for the first fiscal quarter, which ended June 30.
Ocean carrier Hyundai Merchant Marine joining the 2M Alliance - comprised of Maersk Line and MSC - has fueled speculation about Maersk’s ultimate motives, but the short term impact is a larger share on the transpacific trade, especially from Korea.
The Itasca, Ill.-based third-party logistics provider has added a 50,000-square-foot warehouse on the border of Shenzhen in southeastern China, 30 minutes away from the Port of Hong Kong and 45 minutes from Hong Kong International Airport.