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 Israeli ocean carrier says changes to its management structure and business groups should make ZIM more agile and attentive to customer needs.
The Chinese container line has a history of using CargoSmart's operational tools, but this new engagement will focus on customer-facing tools and network optimization.
German ocean carrier Hapag-Lloyd has purchased two wide beam ships from NileDutch, and will charter two sister ships for use in South America as well as four wide ships for a Canada-Mediterranean string.