March 2011

Miami port upgrade drives FEC growth: Fla. East Coast Railway cashes in on intermodal

JACKSONVILLE — Florida East Coast Railway LLC expects annual double-digit intermodal handling increases and a similar pace of revenue growth over the next several years, largely due to the deepening of the Port of Miami and the growth of intermodal business.

Port Everglades accelerates growth plan

While the Port of Miami was in the news spotlight on Friday, Port Everglades gained approval from the Broward County Commission earlier in the week to accelerate its growth under an updated master plan.

The moves come as East Coast ports expect a surge in container traffic after an expansion of the Panama Canal is completed in 2014. The arrival of megaships in Miami increases the likelihood of other ships getting displaced into the Fort Lauderdale port under scenarios previously outlined by trade experts.