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US Highway Bill Drafted and Passes Senate
The very, very long-awaited Fixing America’s Surface Transportation, Act, — also known as fast and the Highway Bill — was drafted by lawmakers in the House of Representatives and the Senate, who unveiled the US$305 billion measure to fund highways and mass-transit projects Tuesday in Washington, DC. The US Senate on Thursday overwhelmingly approved the…
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US Freight Rail Traffic: November 2015
The Association of American Railroads (AAR) reported Wednesday that US traffic in November totalled 1,041,605 carloads, down 10.4 per cent, or 120,259 carloads, from November 2014. US railroads also originated 1,024,162 containers and trailers in November 2015, down 1 per cent, or 10,828 units, from the same month last year. For November 2015, combined US…
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New Inland Container Port: British Columbia
A new container transload facility in the BC interior, which received its first containers from Hapag-Lloyd this week, has been in the making for more than a decade. Funded primarily by the Landucci family, with a $3.57-million grant from the federal government, the terminal is expected to offer an inland port for some of the…
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North America Transportation Development
Consider that more than 100 shipping vessels will probably be scrapped this year – a record – as owners will demolish the equivalent of about 6 per cent of all capesize vessels in 2015. This on May 15 from GMS Inc, a Cumberland, MD-based company that purchases obsolete carriers. Even so, earnings per vessel will…
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Transportation Update: North America
Big news out of the US this week on the transportation front: a Senate plan to fund federal highway and rail transportation projects for three years advanced on a procedural vote on Wednesday, overcoming a roadblock to begin debate on the legislation. The legislation is expected to dominate Senate debate into next week but would…
