The Cleveland-based investment firm had sought to remove then-CEO Alan Shaw early in 2024, moves before he was eventually ousted by the railroad. 

The Montreal offer would have boosted average dockworker compensation to more than C$200,000 per year.

The labor dispute comes as western Canadian ports locked out dock workers November 4, disrupting an estimated C$800 million in activity per day.

A leading business group called for government intervention to prevent costly economic damage.

The Port of Montréal Longshoremen’s Union, CUPE Local 375, called an unlimited strike on October 31 that directly blocks the Viau and Maisonneuve terminals.

The projects funded by the USDOT will expand rail connections at ports, replace aging bridges, and add modern locomotives to train fleets. 

The Port of Los Angeles long ago ran out of room to design and build new container terminals from scratch. 

The acquisition by CSX and CPKC will create a new interchange in Alabama that will connect shippers in Mexico, Texas and the Southeast U.S.

Freight traffic between the U.S. and its neighbors is increasingly via truck, Bureau of Transportation Statistics figures show.

Roughly two million import and export containers are expected to move through the Port of Coos Bay each year once the new terminal is up and running.