Rail & Intermodal
A developer is adding more than half a million square feet of speculative industrial space at BNSF Railway’s Logistics Park Kansas City.
Some ocean carriers are exploring a rail route through Honduras to move containers from Asia to the North American East Coast, a Federal Maritime Commissioner said at a Port of New York-New Jersey Port Industry Day forum.
While containerized rail traffic between Russia and Asia Pacific states is down 20 percent year-over-year in the first seven months of 2015, a closer look at the data reveals an upward trend is taking holding.
German port operator Eurogate has acquired a 16.67 percent interest in Contrail Logistica, a Brazilian provider of intermodal transport solutions in the hinterland of Santos.
Booming business at Union Pacific Railroad’s intermodal ramp in North Laredo, Texas is spurring a $90 million expansion at the facility tapping U.S.-Mexico cross-border trade.
U.S. domestic intermodal spot rates are jumping anywhere from $500 to $1,000 on peak season demand, but it won’t last long, according to third-party logistics provider IDS.
The great swell in U.S. transportation, warehousing and utility jobs receded in July after hitting historic heights in April and May, but demand for workers remains strong in a complex employment market. Hiring numbers, and separations, continue to rise.
Jawaharlal Nehru Port Trust, India’s biggest container handler, is increasing intermodal train deployments and rolling out more proactive measures in an effort to alleviate the backlog of containerized freight built up during the past few weeks.
The Port of Long Beach announcement last week that the $93 million Green Port Gateway rail project had been completed was yet another step forward in a multi-year effort by the ports of Long Beach and Los Angeles to invest well over $1 billion to expand rail infrastructure at the largest U.S. port complex.
Wick Moorman, who retired as Norfolk Southern Railway's chief executive in June, will formally step down from the executive chairman post on Oct. 1. President and CEO Jim Squires, deemed Moorman's successor in all other capacities, will become the railroad company’s chairman as well.