Rail & Intermodal
Intermodal industry veteran Steven L. Rubin has been appointed chief executive officer of ITS Technologies & Logistics. ITS provides outsourced operating services for intermodal railroad facilities, container yard services for global shipping and container leasing companies and automotive loading and unloading services.
State-owned rail operator Container Corporation of India has slashed its charges for the movement of empty containers between Chennai Port and Bangalore, providing some respite for shippers struggling with port delays and ocean carrier surcharges.
The value of the goods shipped between the U.S. and Canada dropped 12.5 percent in April, thanks to low oil prices, a strong U.S. dollar and a shrinking Canadian economy.
Kazakhstan’s national rail operator and DHL Global Forwarding have signed a memorandum of understanding that will provide the logistics operator with additional block trains on the fast-developing land bridge between China and Europe.
European ports’ hinterland connections will get a boost via the European Union’s largest-ever infrastructure investment totaling 13.1 billion euro ($14.5 billion).
Spurred by growing container volumes, terminal operator Hutchison Port Holdings’ Barcelona subsidiary has expanded the port’s hinterland connectivity.
The same congestion that snarled U.S. Pacific Coast ports earlier this year is headed for ports on the East Coast, a BNSF Railway executive warned earlier this week.
Northern Nevada tops the list for shippers in advanced manufacturing interested in returning to or expanding existing facilities in the U.S., according to recent study from a national site-selection firm. And while the cost of logistics didn’t figure quantitatively into the firm’s ultimate rankings, total landed costs did.
The purchase of ReTrans, an intermodal and truck freight brokerage with more than $500 million in annual revenue, extends the reach of Kuehne + Nagel, the second-largest global 3PL, far beyond U.S. ports and into the nation's industrial heartland.
In a significant infrastructure investment push, the government of India has approved new cost estimates for its long-planned eastern and western dedicated freight corridor projects, designed to upgrade intermodal connectivity between hinterlands and gateway ports in the country.