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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Volumes were up 10.4 percent from 2014, but on 7.4 percent fewer ships calling at the port, indicating that much of the cargo is arriving on larger ships, according to the Port Authority of New York and New Jersey.
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.
Curtis Foltz, current executive director of the Georgia Ports Authority, tells American Shipper the ports of Savannah and Brunswick are performing at a high level, making it a good time to hand the reins to current COO Griff Lynch and try something new.