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 West Coast Marine Terminal Operators Agreement postponed the implementation date of the $5 chassis fee imposed by container terminals at the ports of Los Angeles and Long Beach from Aug. 1. to Sept. 1.
Meanwhile, the Athens-based containership owner and chartering company struck a charter rate reduction deal with South Korean ocean carrier Hyundai Merchant Marine.
The U.S.-based marine transportation company, which has offices in Mobile, New York, Tampa and Shanghai, and its subsidiaries, have filed for Chapter 11 relief in the United States Bankruptcy Court for the Southern District of New York.