Class I deal: Watco adds Houston terminal
Watco Companies, LLC, the owner and operator of Greens Port Industrial Park (Greens Port), located on the Houston Ship Channel, has acquired the assets of Industrial Terminals, L.P.
Watco Companies, LLC, the owner and operator of Greens Port Industrial Park (Greens Port), located on the Houston Ship Channel, has acquired the assets of Industrial Terminals, L.P.
BNSF Railway Company (BNSF) has announced a 2018 capital expenditure program for California valued at about $230 million.
BNSF is the first U.S. Class I (and the second overall) to respond to the Surface Transportation Board’s March 16 blanket letter requesting information on each railroad’s 2018 service outlook.
The Association of American Railroads said U.S. rail freight traffic for the week ending March 24 was 526,521 carloads and intermodal units, up 1.4% from the same week in 2017.
Rejuvenated rail traffic in the United States was ahead by double digits across-the-board in the most recent week, according to the Association of American Railroads.
Complaints by grain shippers and automakers have spurred the Surface Transportation Board to ask Class I railroads what they are doing to improve service across their networks.
GE Transportation and the Port of Long Beach, Calif., are collaborating to improve cargo flow at the busiest port complex in North America.
Railroads in the United States originated 1,028,141 carloads in February, down 0.3% from the same month in 2017, the Association of American Railroads said.
A federal appeals court has upheld a $1.25 million award to a BNSF Railway whistleblower in a safety violations case.
BNSF Railway has released details of its planned $80 million capital program in New Mexico this year.