Container shipping capacity has increased by 1.6 million TEU since the beginning of 2024, marking an 11% year-over-year increase to 29.5 million TEU. According to Niels Rasmussen, chief shipping analyst at BIMCO, this is the fastest growth in 15 years. The 12,000-17,000 TEU ship segment has expanded the most, making up 22% of the container
A potential Canada-wide rail strike has caused some intermodal rail freight to shift to the U.S., according to Canadian National Railway (CN). CN CEO Tracy A. Robinson reported a significant drop in intermodal volume since late May, with a -17% decrease from May 12 to July 14. Overall rail volume dropped -8% in the same
The Port of Long Beach is expanding its rail yard in a $1.5 billion project called “America’s Green Gateway”. The project will triple the port’s rail cargo capacity, connecting it to 30 major rail hubs across the U.S. By improving rail operations and decreasing reliance on cargo trucks, the expansion aims to reduce environmental impacts,
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