BNSF Railway Co. will add another 14 special rail cars to carry Boeing 737 fuselages in coming months to match Boeing's rising production of its most popular aircraft model. The addition will bring the total number of such BNSF rail cars to 99.
The government is to spend $180mn on construction of the new Kampala Port at Bukasa in Wakiso District. Cypriano Okello, the deputy project coordinator, said the government would acquire 500 hectares of land for the port in May.
Purolator International, a provider of logistics within and between the U.S. and Canada, will add three regional offices during the first quarter of 2013.
The G6 Alliance, a group of six ocean carriers sharing vessel space in the Asia-to-Europe container trades, is expanding its reach to include the route from Asia to the East Coast of North America.
The nation's major freight railroads plan to invest an estimated $24.5bn in 2013 to build, maintain and upgrade America's rail network to ensure freight railroads can continue to deliver for the nation's economy, according to the Association of American Rialroads. This investment includes $13bn in projected capital expenditures, which go toward upgrading or enhancing rail network capacity in the year ahead.
The American Chemistry Council issued new research documenting how a lack of freight rail competition is costing U.S. chemical companies billions of dollars in excess shipping costs each year. Showing shipping rates that often exceed 300 percent of the revenue-to-variable cost (RVC) ratio, the ACC study estimates that if the $3.9bn premium on chemical shipments were reduced, the chemical sector could create up to 25,000 additional American jobs, with $1.5bn in new wages, and $6.8bn in new economic output.
On an aggregate basis, freight rates for shipping chemical liquid bulk loads throughout Europe have decreased slightly between 2011 and 2012, according to a benchmark study conducted by LHC Consulting, a CLX Logistics company.
Increasing annual infrastructure spending in the U.S. by $157bn over the next eight years would save $3.1tr in gross domestic product, $1.1tr in trade and 3.5 million jobs, according to a report from the American Society of Civil Engineers.
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