BLET News
Report: Shippers using U.S. West Coast ports can’t book rail on BNSF, UP
(Source: American Journal of Transportation, September 11, 2020) WASHINGTON, D.C. — A Northern California logistics consultant was unable to book containers on the Burlington Northern Santa Fe (BNSF) or Union Pacific (UP) railroads for the first week of September going to and from U.S. West Coast ports and Midwest destinations. Full story: www.ajot.com Monday, September 14,…
Read MoreIntermodal leads rail volume recovery as retailers restock
(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
Read MoreIn congressional grilling, Amtrak chief says railroad needs nearly $5 billion in federal aid
(Source: Washington Post, September 9, 2020) WASHINGTON, D.C. — Under intense grilling from lawmakers, Amtrak chief executive William J. Flynn said Wednesday that the railroad needs nearly $5 billion in federal assistance to help make up for losses caused by the coronavirus pandemic. Full story: Washington Post Thursday, September 10, 2020
Read MoreWSJ: Kansas City Southern rejects $20 billion takeover offer
(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…
Read MoreNew USMCA trade deal could increase demand for nearshoring in Mexico
(Source: Freight Waves, September 8, 2020) CHATTANOOGA, Tenn. — As the coronavirus pandemic continues to disrupt international trade, Mexico stands to benefit from more companies moving manufacturing to North America, said Patrick Ottensmeyer, president and CEO of Kansas City Southern. Full story: Freight Waves Wednesday, September 9, 2020
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