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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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.
The German ocean carrier said the 20 percent year-over-year drop in revenues to $2.1 billion for the quarter reflected subdued economic growth in many parts of the world, tough competition in the liner shipping industry and falling freight rates.
Trade organizations representing shippers and transportation organizations on Monday sent a letter to ILWU President Robert McEllrath and PMA Chairman and CEO James McKenna, requesting discussions begin on either a contract extension or a new contract.