Transportation: Page 451

States To Consider Fuel Taxes To Offset Less Federal Support

States such as Washington are struggling to keep up with a growing population and aging infrastructure of roads, highways, and bridges.

The Highway Trust Fund and the traditional gas tax are being compared to a well run dry and agencies being told the time for other creative ways to find “water” is now.

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U.S. Gains Full Access For U.S. Beef and Beef Products to Peru

This agreement, reached during Secretary Vilsack's trade and investment mission to Peru, removes those barriers – called the export verification program – and assures American ranchers of expanded market access.

Agriculture Secretary Tom Vilsack and U.S. Trade Representative Michael Froman (pictured above) announced that the U.S. government has reached agreement with the government of Peru to remove barriers for U.S. beef exports to Peru that have remained in effect since 2003.

Canadian Pacific Railway Files Proxy Statement In Proposed Norfolk Southern Merger

Canadian Pacific Railway has filed a statement with the Securities and Exchange Commission that the shareholders request that the board of directors engage in good faith discussions with them regarding the proposed merger.

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Rail & Intermodal

DOT Seeks Input On Sleep Apnea For Commercial Drivers

U.S. Department of Transportation’s Federal Railroad Administration (FRA)

The National Transportation Safety Board recommended that DOT take action to address OSA screening and treatment for transportation workers.

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Ocean Ports & Carriers

Container Rates Fall To New Lows

An oversupply of massive new container ships serving the China-to-Europe routes has pushed smaller ships to the Atlantic Ocean and depressed rates between North America and Europe.

A slowdown in Chinese economic growth has hammered the global shipping industry, which exited the Great Recession to take advantage of low interest rates to buy new ships to handle a rising amount of coal, iron ore and consumer goods. But as China’s factories scale back and the economies of Europe and North America gear down, the amount of cargo traversing the oceans has slowed.

Norfolk Southern Service Connects Port Of Charleston To Charlotte Intermodal Facility

Norfolk Southern Corp.

The new, two-day Norfolk Southern service will operate five days per week connecting Charleston and Charlotte using existing dedicated intermodal trains.

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Global Investment Group To Acquire The Fresh Market For $1.36 Billion

The Fresh Market, Inc. a specialty grocery retailer and an affiliate of Apollo Global Management, LLC has entered into a definitive agreement whereby certain funds managed by Apollo will acquire The Fresh Market for approximately $1.36 billion.

The transaction was unanimously approved by the board of directors of The Fresh Market, other than Ray Berry, chairman and founder of The Fresh Market, who recused himself from all board discussions related to the review and from the Board vote approving the transaction.

Ocean Ports & Carriers

Port Of Long Beach Delivers Highest Volume February in 105-Year History

Port of Long Beach

The port saw strong gains last month by moving 561,412 TEUs (20-foot equivalent units), a 35.9 percent increase over the same month last year.

The arrival of the biggest ship to visit North America, the 18,000-TEU CMA CGM Benjamin Franklin, catapulted the Port of Long Beach to its highest cargo volume for the month of February and extended cargo growth for an eighth consecutive month.

Spot Load Volume Up 12%; Rates Rise

DAT Freight & Analytics

Reefer load posts picked up 10 percent and volume was up markedly in big metro areas like Los Angeles and Dallas.

Reefer load posts picked up 10 percent and volume was up markedly in big metro areas like Los Angeles and Dallas. The number of truck posts fell 2 percent nationwide, bumping the refrigerated load-to-truck ratio up 12 percent from 2.8 to 3.1. The national average reefer rate increased 1 cent to $1.80 per mile.

Amazon Leases 20 Boeing 767 Aircraft To Build Air Cargo Network

Amazon could cut its soaring shipping costs if it relies less on external delivery services, such as UPS, FedEx or the U.S. Postal Service.

Air Transport Services Group (ATSG) has been running trials of a fully customized air cargo network for Amazon since last summer.

Feds Raise Concerns About Proposed Canadian Pacific, Norfolk Southern And CSX Merger

Justice Department antitrust chief Bill Baer, appearing before a Senate antitrust subcommittee, said the voting trust was “an area of concern” because it could allow merging parties to accomplish much of the merger before a government antitrust review.

Justice Department antitrust chief Bill Baer, appearing before a Senate antitrust subcommittee, said the voting trust was “an area of concern” because it could allow merging parties to accomplish much of the merger before a government antitrust review had taken place.

Spot Market Freight and Rates Slip Lower in February: DAT Freight Index

DAT Freight & Analytics

Freight volume typically rebounds in March, due to an influx of seasonal cargo such as spring fruit and vegetables, construction equipment and materials, and a variety of consumer items.

Freight volume typically rebounds in March, due to an influx of seasonal cargo such as spring fruit and vegetables, construction equipment and materials, and a variety of consumer items.

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