October 2015

AWRR is BNSF’s Shortline Railroad of the Year

BNSF Railway announced Austin Western Railroad (AWRR) as its 2015 Shortline Railroad of the Year during BNSF’s annual Shortline Conference in Fort Worth, Texas. AWRR, which is operated by Watco Companies of Pittsburg, KS, edged out 200 other shortline railroads in North America that interchange commodities with BNSF. For the first seven months of 2015, the freight interchanged between AWRR and BNSF increased by 28 percent compared to the same period ... [+]

Caterpillar CEO on Lapse of Ex-Im Bank’s Charter

Since Congress allowed the Export-Import (Ex-Im) Bank's charter to lapse on June 30, businesses of all sizes have been feeling the negative consequences. In Real Clear Politics, Doug Oberhelman, CEO of Caterpillar Inc., says that without Ex-Im, "fewer U.S.-made products are sold and fewer U.S. jobs are needed or created." "Typically, ... [+]

Fitch: China Decline May Slow US Container ABS

The recent economic slowdown in China could have negative implications for container ABS transactions, Fitch Ratings says. Container utilization and lease rates in outstanding transactions could come under pressure if China's manufacturing sector continues to decline and the country enters a long-term recessionary environment with slowed GDP growth. Earlier this week, ... [+]

New Fednav Ship will Protect Great Lakes Environment

The environmental impact of pollutants in the Great Lakes has long been a concern to the region. The Oshima (Japan) shipyard, however, has recently delivered a new vessel to Fednav Limited that will better protect its environment. The Federal Biscay is equipped with a ballast water treatment system, a first ... [+]

POLB Awarded EPA Grant for Zero-Emission Tractors

The Port of Long Beach has been awarded a $1.2 million grant from the U.S. Environmental Protection Agency to help Long Beach Container Terminal (LBCT) replace diesel-fueled tractors with electric, zero-emission vehicles. The Diesel Emission Reduction Act grant will help LBCT to buy eight cargo-handling electric-powered yard tractors for $5.4 million, ... [+]

Savannah Container Traffic Sees Highest-ever September

Marking the seventh consecutive month of record container throughput, the Port of Savannah handled 317,411 TEUs in September, a 7.3% or 21,713-TEU increase over the same month last year. "We are pleasantly surprised to see volumes remaining above last year's double digit growth," said Georgia Ports Authority Executive Director Curtis Foltz. ... [+]

Etihad Wins German Court Injuction for Codeshare Flights with AirBerlin

Etihad Airways, the National Airline of the United Arab Emirates, today welcomed the ruling by the Administrative Court of Braunschweig allowing it to continue operating all its codeshare flights with AirBerlin to destinations in Europe, the US and the UAE. The injunction, which is valid until 8 November, provides an opportunity ... [+]

GCT Commences Deltaport Intermodal Yard Reconfiguration

GCT Canada, the operator of the country's flagship container terminal located in Port Metro Vancouver, has broken ground on its GCT Deltaport Intermodal Yard Reconfiguration Project. A private sector investment, the project ensures projected carrier rail demand is met for the Canadian and US markets, without any impact to local ... [+]

Maersk Group Adjusts 2015 Expectations

As a consequence of the deteriorated market, the Maersk Group has adjusted its expectation for the 2015 result from an underlying result around $4.0 billion to $3.4 billion. The previous expectation, as announced in the Q2 report, was based on an underlying result contribution from Maersk Line above $2.2 billion. The ... [+]

Spliethoff’s “Cleveland – Europe Express” Open All Year

Spliethoff offers service from Antwerp & Zeebrugge via Baltimore to Cleveland, when the Great Lakes are closed due to ice. No need to worry about the Great Lakes freezing solid any longer. Due to continuing growth and demand from the market, Spliethoff is introducing a twice monthly sailing between Antwerp/Zeebrugge and ... [+]

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