Wednesday, June 29, 2016

Panama Canal Expansion: What Awaits Railroad Stocks? "This is because these shipments are limited by height of the Bayonne Bridge in New York and inability of East Coast ports to accommodate increasing container volumes, thereby keeping the West Coast railroad volumes intact. The company also said that given a higher proportion of cargo would be at sea due to longer travel period to reach East Coast, financially struggling shipment companies would have to buy more containers which would be tough for them."