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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An Amazon China unit has registered as a non-vessel-operating common carrier with the Federal Maritime Commission, a move that could make it easier for third party companies to sell goods through the e-commerce giant's "Marketplace."
The Port Authority of New York and New Jersey has asked that trucks not be sent to terminals after dockworkers reportedly walked off the job Friday morning.
The Northern California port says there is ample capacity to absorb cargo business at other Oakland terminals after a "unilateral" decision to depart by the joint operators of Outer Harbor Terminal LLC.