For first time since 1998, LA-Long Beach ports bid harbor rail services
Pacific Harbor Line has provided the service since 1998, the last time the contract was put out for bid. While the two ports are administered by the harbor departments of their respective cities, a single shortline network serves both ports. The operator selected will have to enter into separate operating agreements with each port; those agreements have different requirements.
The hubs handled almost 20 million containers in 2024 and have a goal of moving 35% of containers away from the facilities by train under a Clean Air Action Plan.
Proposals are due July 28 at 5 p.m. The request for proposals is available here.Under the current contract, Pacific Harbor Line, an Anacostia Rail Holdings railroad, operates 19 route miles and 96 track miles, providing neutral service to Class I railroads BNSF and Union Pacific, nine intermodal terminals, and a number of carload customers in and around the two ports. It moves approximately 40,000 carloads with some 190 employees and a fleet of 25 locomotives.
One of the possible bidders listed in the RFP is Alameda Belt Line, a joint venture of BNSF and Union Pacific (NYSE: UNP) set up to dispatch intermodal trains on the Alameda Corridor into and out of the port complex.
Subscribe to FreightWaves' Rail e-newsletter and get the latest insights on rail freight right in your inbox.
Advisory team will drive overhaul of US railroad regulator
ITS Logistics report shows surge stressing US rail ramps after tariffs slashed
CN continues work to expand capacity and fluidity in Vancouver
Southern California international intermodal volume sees weekly decline
The post For first time since 1998, LA-Long Beach ports bid harbor rail services appeared first on FreightWaves.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
20 minutes ago
- Business Wire
OLO Investors Have the Opportunity to Join Investigation of Olo Inc. with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Olo Inc. ('Olo' or 'the Company') (NYSE: OLO) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Olo board breached its fiduciary duties to shareholders. Olo agreed to be acquired by Thoma Bravo for $10.25 per share. If you are a shareholder, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Business Wire
an hour ago
- Business Wire
GES Investors Have the Opportunity to Join Investigation of Guess?, Inc. with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Guess?, Inc. ('Guess' or 'the Company') (NYSE: GES) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Guess board breached its fiduciary duties to shareholders. Guess has signed an agreement to be taken private by Authentic Brands in an all-cash deal for $16.75 per share, totaling about $1.4 billion. If you are a shareholder, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Yahoo
an hour ago
- Yahoo
Kevin O'Leary Made Big Bets On 'Crypto Infrastructure' Firms Like Circle, Coinbase And Robinhood – Now Aims To Bring Playbook To AI
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Renowned investor and 'Shark Tank' personality Kevin O'Leary revealed his pick-and-shovel strategy for cryptocurrency infrastructure companies, including exchanges and stablecoin issuers, highlighting his long-term vision for the sector. The 'Shark' Is Buying Into Crypto Infrastructure O'Leary took to X, sharing a clip from his recent interview with Brew Markets, in which he discussed his investment strategy in the cryptocurrency space. O'Leary, also known as 'Mr Wonderful,' said he has invested in Circle Internet Group Inc. (NYSE:CRCL), the issuer of the world's second-largest stablecoin USDC (CRYPTO: USDC), cryptocurrency exchange Coinbase Global Inc. (NASDAQ:COIN) and tokenized stock provider Robinhood Markets Inc. (NASDAQ:HOOD) Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — 'I bought the crypto infrastructure,' he stated. 'I ask myself, 'What do I buy that is really picks and shovels? And what can I buy that gives me direct ownership of the technology, such as a stable currency or Bitcoin itself?''O'Leary applied the same logic to artificial intelligence, saying, 'My conclusion has been if I wanna play the long-term, the next five years or even 10 years in AI, I need to own data centers. I need to own real estate where data centers are built. I need to own power contracts that power the data centers.'O'Leary Says Legendary Charlie Munger Was Wrong About Crypto O'Leary has been a vocal advocate of cryptocurrency. Earlier this month, he expressed disagreement with the late Charlie Munger's views on cryptocurrency, describing it as 'the only thing' that the legendary investor got wrong. He has consistently advocated for key cryptocurrency legislation, such as the GENIUS Act, arguing that it is crucial to secure U.S. financial dominance in digital assets. Visit Benzinga Edge Stock Rankings and discover how top stocks on Wall Street score across 5 vital metrics of Momentum, Value, Growth, Quality and Trends. Read Next: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image Credit: Imagn Images This article Kevin O'Leary Made Big Bets On 'Crypto Infrastructure' Firms Like Circle, Coinbase And Robinhood – Now Aims To Bring Playbook To AI originally appeared on Sign in to access your portfolio
