Having tentatively returned to Red Sea transits, multipurpose and heavy-lift vessels are again shunning the route in favor of the safer, but longer, passage around southern Africa.
While the intermodal piece of the Union Pacific-Norfolk Southern deal could face some obstacles, UP CEO Jim Vena and his team have shown a willingness to try new approaches in growing their intermodal franchise, writes Ted Prince.
Union Pacific said the acquisition of its smaller rival would improve service by reducing interchanges while taking market share from Canada’s Class I railroads and the truckload market.
