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(Source: Progressive Railroading 09/10/2020) The Port of Long Beach, California, (POLB) reported its best August in its 109-year history, marking a strong start to the peak shipping season, port officials reported yesterday. Dockworkers and terminal operators moved 725,610 20-foot equivalent units (TEUs) of container cargo during the month, a 9.3 percent increase compared with August 2019’s…

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(Source: Progressive Railroading 09/10/2020) U.S. railroads logged an increase in freight-rail traffic during the week ending Sept. 5, with total volumes driven by a spike in intermodal units, according to Association of American Railroads (AAR) data. The increase marked the first time combined U.S. freight-rail traffic increased since early 2020. Total U.S. rail traffic for the week…

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(Source: Supply Chain Dive, September 10, 2020) WASHINGTON, D.C. — August was the best month for intermodal volumes on U.S. railroads since October 2018, according to the Association of American Railroads. U.S. railroads originated more than 1.1 million intermodal containers, representing 3% growth year over year (YoY). Full story: Supply Chain Dive Thursday, September 10, 2020

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(Source: Nasdaq.com, September 10, 2020) NEW YORK — According to a report published in The Wall Street Journal, Kansas City Southern has rejected a takeover offer from a group of investors. The offer from Global Infrastructure Partners and the infrastructure arm of Blackstone was reportedly valued at $208 per share. Kansas City Southern believes the…

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