The widening of the Panama Canal in 2014 could establish South Florida as a gateway for Asia cargo moving to the Southeast, said James Hertwig, president and CEO of Florida East Coast Railway.
Hertwig, former president of CSX Intermodal, told the Los Angeles Transportation Club Tuesday that for a relatively inexpensive $75 million, the Port of Miami could be deepened to handle the larger container ships that will be deployed in all-water services to the East Coast after the canal in enlarged.
That would make FEC Railway a winner because the two Class 1 railroads in the Southeast, CSX and Norfolk Southern, already interline their South Florida intermodal freight with the railroad.
The full story appears on the Journal of Commerce website.