Canadian Pacific Railway CEO Hunter Harrison said he’s willing to reevaluate and raise his company’s $28 billion takeover bid for Norfolk Southern Railway — if only executives at the Virginia-based railroad would open a line of communication.
The Northwest Seaport Alliance of Seattle and Tacoma recorded modest growth in container volume in October, but it was sufficient to push the ports’ year-to-date performance into positive territory.
Shippers are cheering emergency legislation that ended nationwide blockades by Brazilian independent truckers.
Russia’s container transportation market is on the verge of consolidation. The country’s two largest, and ailing, container transport providers — container line and terminal operator Fesco and containerized rail provider Transcontainer — plan to merge.
The top U.S. rail regulatory agency on Wednesday gave guidance on when it expect to wrap up the issue of reciprocal switching, and provided a glimpse into the arduous regulatory process facing the potential merger of the Norfolk Southern and Canadian Pacific railways, according to attendees at an industry event.
Citigroup revised downward its net income estimate for Malaysia’s Westports Holdings in fiscal years 15 to 17 by 5 percent to 6 percent and reiterated its sell rating on the stock, despite the terminal operator handling a record 2.29 million TEUs in the third quarter.
Dock workers in Australia’s two major port gateways are preparing to return to work just over 100 days after mass firings by global terminal operator Hutchison set off spirited labor protests.
A new chassis depot near the Port of New York and New Jersey’s GCT-Bayonne terminal is a step toward improving chassis availability in the East Coast’s largest port, TRAC Intermodal CEO Keith Lovetro said.
Container volume at the Port of Charleston rose just 3.8 percent in October, reflecting the “more modest growth” the South Carolina Ports Authority forecast now that gridlock on the U.S. West Coast has cleared.
Several long-anticipated rules and proposals for trucking may hit the Federal Register in the next two weeks, including the electronic logging mandate, a final rule on driver coercion and proposals on carrier safety ratings and truck speed limiters.