FASA

The Port Authority of New York and New Jersey has issued a request for proposals to develop a long range plan to guide future growth and development of the port’s 3,000 acres of marine facilities for the next 25 to 30 years.

Regal Logistics has expanded its warehousing footprint near the Port of Charleston to 800,000-square feet with the opening of a second facility.

Canadian Pacific Railway has terminated efforts to acquire the number four U.S. railroad, including the withdrawal of a resolution asking NS shareholders to urge its board to engage in negotiations, according to a statement from the company.

The “K” Line container terminal will have its berth rebuilt and four cranes added so that it will be capable of working two ultra-large 18,000-TEU containerships simultaneously.

There isn’t enough time before the first report on port performance is due for the Bureau of Transportation Statistics to develop new ways of measuring cargo fluidity and capture the data, according to Deputy Director Rolf Schmitt.

The U.S. Department of Justice filed a reply in opposition to Canadian Pacific’s petition for a declaratory order from the Surface Transportation Board regarding use of a voting trust in its proposed acquisition of Norfolk Southern.

Combined United States carload and intermodal cargo volumes fell 11 percent in March compared with March 2015, according to data from the Association of American Railroads.

Meanwhile, the U.S. Army has sent a letter to the Surface Transportation Board opposing the proposed acquisition as a potential threat to national security.

The European container terminal operator posted net profits of 73.5 million euros on revenues of 591.3 million euros, year-over-year increases of 13.4 percent and 4.5 percent, respectively.