Consolidation Breeds Volatility
FINANCIAL EDGE, RAILWAY AGE, MARCH 2024 ISSUE: Most rail professionals don’t devote time to ocean freight rates or shipping industry consolidation.
FINANCIAL EDGE, RAILWAY AGE, MARCH 2024 ISSUE: Most rail professionals don’t devote time to ocean freight rates or shipping industry consolidation.
Recently, three filings with the Surface Transportation Board in opposition to the Canadian Pacific-Kansas City Southern merger application came across the transom that strike me as odd. One is from a California Congresswoman. The second (multiple letters, actually) is from a Chicago region group called The Coalition to Stop CPKC. The third—and strangest—is from three Federal Maritime Commissioners.
The U.S. Federal Maritime Commission (FMC) on June 17 identified four key areas where the container shipping industry in the San Pedro Bay port complex of Southern California can overcome current supply chain disruptions.