(Source: Railway Age, November 22, 2019)
NEW YORK — There are reports that the Alameda Corridor, the heavily used, 20-mile-long, grade-separated railroad intermodal corridor connecting the Port of Los Angeles and Port of Long Beach with the BNSF and Union Pacific main lines, has been seeing year-over-year maritime container volume drops, with a resulting decrease in rail traffic. The Alameda Corridor Transportation Authority (ACTA) oversees the corridor, which was built through a public/private partnership (PPP) and opened in 2002. One outlook is that perhaps “if current trends continue, ACTA will experience significant cash flow deficits beginning in 2024 … growing in size out toward 2038.”
Full story: Railway Age