Archive for April 13, 2021
Long Beach port logged busiest month in March
(Source: Progressive Railroading 04/13/2021) Although March is traditionally one of the slowest months on the shipping calendar, the Port of Long Beach (POLB), California, last month logged its busiest month and its second-best quarter on record. Dockworkers and terminal operators moved 840,387 20-foot-equivalent units (TEUs) of cargo last month, a 62.3% increase from March 2020, marking the…
Read MoreCP-KCS merger may be the last big rail deal
(Source: Bloomberg, April 12, 2021) NEW YORK — Canadian Pacific Railway Ltd. has finally found the right target to realize its vision for railroad consolidation. The company agreed in March to acquire Kansas City Southern for $275 a share, or about $29 billion including debt. If completed, the merger would be the largest between two…
Read More