Kansas City Southern Railway will start its positive train control Field Integration Testing to evaluate existing PTC technologies and hardware prior to full implementation.
CP: Shipper support for NS takeover growing
Canadian Pacific has received three letters from rail shippers in support of its proposed acquisition of Norfolk Southern Corp. for every one customer opposition letter, according to a statement from the Calgary-based railway.
Early 2016 U.S. steel imports still below the mark
U.S. steel imports have risen significantly at the start of the year, but overall volumes have remained far below those levels experienced in early 2015, according to the American Institute for International Steel.
U.S. durable goods orders bounce back in January
New orders for manufactured durable goods grew 4.9 percent to $237.5 billion in January 2016 following two consecutive monthly decreases, according to data from the United States Census Bureau.
Executive Moves: Panalpina, Port of Oakland and Greenbrier Cos.
Panalpina designates a new chairman and CEO, while the Port of Oakland names new aviation director and Greenbrier Cos.’s chief commercial officer departs.
U.S. requests Peru to verify timber shipmentâs compliance
The United States on Friday asked the Peruvian government for the first time under PTPA to verify that a 2015 timber shipment complied with the South American country’s forestry laws.
Spot container freight rates continue to decline
Both the Shanghai Containerized Freight Index and the Ningbo Containerized Freight Index tumbled last week, continuing a worrisome trend for ocean carriers.
AlixPartners: Container shipping industry caught in an undertow
Consolidation among ocean carriers is needed if the industry is to right itself, and even that might not be enough to save some companies, according to a new study from consulting firm AlixPartners.
Obama signs Customs authorization bill
The Trade Facilitation and Trade Enforcement Act, the first reauthorization of Customs and Border Protection since the creation of the Department of Homeland Security in 2003, streamlines or makes permanent many CBP trade programs.
Drewry launches ocean freight e-procurement tool
The London-based shipping research and consulting firm has begun offering a system to aid shippers’ ocean capacity sourcing events by using historical benchmarking rates.