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.TOP NEWS
Biden unveils sweeping $2 trillion infrastructure plan
Freight Waves
The White House has released an outline of President Joe Biden's vision for infrastructure: A $2 trillion, 10-year American Jobs Plan that includes upgrading transportation infrastructure as well as renewing the electric grid, high-speed broadband to all parts of the U.S. and delivering clean drinking water.
Biden envisions the plan fully paid for within 15 years — but only if he is able to pass an adjoining plan to increase corporate taxes from the current 21% passed under the Trump administration in 2018 to 28%.
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.RAIL
Rail traffic for the week ending March 27, 2021
AAR.org
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending March 27, 2021.
For this week, total U.S. weekly rail traffic was 521,731 carloads and intermodal units, up 16.1 percent compared with the same week last year.
Total carloads for the week ending March 27 were 232,561 carloads, up 6 percent compared with the same week in 2020, while U.S. weekly intermodal volume was 289,170 containers and trailers, up 25.8 percent compared to 2020.
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Canadian Pacific Railway to buy Kansas City Southern for $25B US
CBC News
Canadian Pacific Railway Ltd. said it has agreed to buy Kansas City Southern for $25 billion US in a cash-and-shares deal to create the first rail network connecting the United States, Mexico and Canada.
Shareholders of Kansas City Southern will receive 0.489 of a Canadian Pacific share and $90 in cash for each KCS common share held, the companies said in a joint statement.
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Quasar is an end-to-end supply chain optimization platform that enables the management and cost control of the supply chain for shippers. It’s a fully cloud enabled and digital platform designed to automate manual effort in tracking assets, as well as provide data and insights into how to optimize the supply chain from “order to cash.”
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Borderlands: Kansas City Southern expands Mexico rail service
Freight Waves
The proposed $29 billion merger between Canadian Pacific and Kansas City Southern aims to capitalize on an expected increase in the flow of trade among the U.S., Canada and Mexico.
The merger would create the first company with a rail network spanning all three countries and enhance the facilitation of the movement of goods across the three nations.
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US Department of Transportation announces funding for Port Infrastructure Development Program
RT&S
The flow of intermodal traffic carried by the nation's railroads is critically dependent on efficiently functioning ports.
Unloading inbound containers from a ship to load on a train, and unloading outbound containers from a train and onto a ship as quickly and efficiently as possible can make or break the strength of the supply chain. For example, while the recent clogging of the Ports of Los Angeles and Long Beach due to COVID have required ships to drop anchor off the coast of California and wait, reminds us of times in the past where these ports suffered significant delays, with ships parked off the coast.
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The Reyco Granning model 21B leaf spring suspension is the most versatile, longest lasting suspension fabricated or cast mid-grade system designed specifically for the mid-grade & configuration flexibility. Available in a wide variety of axle configurations, mounting heights, axle spacing and connection options, the Reyco Granning 21B is the best choice when trouble-free performance is required for the long haul.
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CN, Watco agree on sale of rail lines in Ontario, Wisconsin and Michigan
Progressive Railroading
CN and Watco Cos. LLC announced they've reached an agreement for the sale of non-core lines and assets on the Soo subdivision in Ontario, and about 650 miles of branch lines of Wisconsin Central Ltd. in Wisconsin and Michigan.
The agreement marks the conclusion of a sale process that CN announced and launched in July 2020, CN and Watco officials said in a press release. Financial terms were not disclosed.
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Cowen: CP-KCS merger synergies 'promising'
RailwayAge
The majority of shippers participating in Cowen and Company's survey on the proposed Canadian Pacific (CP)/Kansas City Southern (KCS) merger have a positive view of the transaction, and merger synergies "look promising," according to the firm, which released results recently.
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.TRUCKING
Pride Group buying 100 trucks from Lion Electric
Inside Logistics
Pride Group Enterprises (Pride) is buying 100 all-electric Lion6 and Lion8 trucks from Lion Electric. The order represents Lion’s largest single order of zero-emission trucks to date.
Pride will be integrating the all-electric trucks into its existing logistics, full maintenance, leasing, rental and equipment retail operations throughout the U.S. and Canada, as well as deploying them with some of its fleet management customers.
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Deutsche Post DHL Group dedicating $8.25B to green tech
Freight Waves
Deutsche Post DHL Group is investing a whopping 7 billion euros ($8.25 billion) in green technologies between now and 2030 to fight climate change. As part of its sustainability road map released last week, the company also made a commitment to donate 1% of net profits to social impact projects and programs.
"We have a responsibility, being the 11th-largest private employer in the world," to lead the way and take action on climate change, Scott Sureddin, CEO at DHL Supply Chain in North America, said in an interview with FreightWaves.
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.AIR
Suez bypass: Good luck finding an air cargo alternative
American Shipper
When supply chains break down, one of the first options for time-critical shipments is airfreight. But businesses hunting for air transport to avoid the giant ocean bottleneck in the Suez Canal are in for a rude awakening: There are no spare aircraft.
Take a number and get in line, logistics experts say.
Or pay a premium for expedited service — on top of rates that typically are eight times greater than those for ocean shipping.
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.MARINE
GSF calls for port schedules, closure learnings and surcharge scepticism as Suez Canal reopens
Global Shipper's Forum
Shippers and cargo owners have breathed a collective sigh of relief at the news that shipping services through the Suez Canal — the world's busiest trade route — will soon be resumed. But as the biggest shipping story of the year so far fades from the main news bulletins, attention is switching to the restoration of the disrupted and fractured supply chains that are reliant on the cargoes carried by the container shipping industry. The "shipping" story may be over, but the supply chain impacts and the work of those who manage them is only just beginning.
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Suez Canal crisis: Here are the cargoes in the crossfire
American Shipper
The "slow boat from China" is getting a lot slower. Shipping sentiment toward the Suez Canal grounding of the Ever Given just took a major turn. Operators are now opting to bypass the traffic jam and take the long detour around Africa's Cape of Good Hope.
Recently, MSC announced 11 container-ship diversions around the cape, including vessels of 2M Alliance partner Maersk.
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Buttigieg vows to help US exporters resolve supply chain woes
Freight Waves
U.S. Secretary of Transportation Pete Buttigieg pledged to step into the fray to help resolve a dispute between vessel operators and U.S. exporters over container pricing and availability.
Testifying before the House Transportation and Infrastructure Committee on the Biden administration's infrastructure priorities, Buttigieg was asked by lawmakers what he could do to expedite a solution to the congestion that has been going on for months — particularly at West Coast ports — and that exporters say is costing millions of dollars in spoiled cargo.
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US ports, shippers face major fallout from Suez Canal chaos
American Shipper
The mega-container ship Ever Given is finally free. The Suez Canal is unblocked. Problem solved? Not even close. The problems for container lines and shippers have just begun. In the U.S. market, East Coast cargo flows will bear the brunt of the fallout, although consequences will be felt nationwide.
Most of the boxes transiting the Suez Canal move from Asia to Europe. But the waterway also handles very significant volumes from Southeast Asia and India to the East Coast.
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Daniel B Maffei designated as the chairman of the Federal Maritime Commission
Federal Maritime Commission
Commissioner Daniel B. Maffei has been designated as the Chairman of the Federal Maritime Commission. The designation was made by President Joseph R. Biden, Jr. on March 29, 2021. Chairman Maffei is a sitting member of the FMC and replaces Michael A. Khouri in the role of Chairman.
A native of New York, Chairman Maffei was a Member of the U.S. House of Representatives for two terms.
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Probe into Suez Canal blockage begins
Inside Logistics
Experts boarded the Ever Given, seeking answers to a single question that could have billions of dollars in legal repercussions: What went wrong?
As convoys of ships again began travelling through the artery linking the Mediterranean and Red Seas, a canal service provider said more than 300 vessels carrying everything from crude oil to cattle were still waiting for their turn in a process that will take days.
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