The Broward County Board of County Commissioners today unanimously approved a Memorandum of Understanding (MOU) with the Florida East Coast Railway (FEC) to construct and operate an Intermodal Container Transfer Facility (ICTF) on 42.5 acres of land at Port Everglades.
Broward County Commission Approves MOU with Florida East Coast Railway to Transport Containerized Cargo at Port EvergladesPosted on August 26, 2011.Florida railroad sitting in sweet spot as state preps for expanded Panama CanalPosted on August 22, 2011.
Besides the region's civic and port leaders, perhaps no one in the wide swath of Central and South Florida has more at stake with the opening of the expanded Panama Canal than does Jim Hertwig.Port Everglades moves toward Public/Private Partnership with FEC for rail to transport cargoPosted on July 06, 2011.
The Broward County Board of County Commissioners today unanimously approved action authorizing the Port Everglades Department staff to negotiate a Memorandum of Understanding (MOU) with the Florida East Coast Railway company leading to the development of an Intermodal Container Transfer Facility (ICTF) on Port property.Miami port upgrade drives FEC growth: Fla. East Coast Railway cashes in on intermodalPosted on March 25, 2011.
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 planPosted on March 02, 2011.
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.Florida East Coast Railway Refinancing Positions Company for GrowthPosted on January 25, 2011.
Jacksonville, Fla. (Jan. 25, 2011) – Florida East Coast Railway completed a successful refinancing on Jan. 19, 2011, through the sale of $475 million of six-year senior secured notes at an interest rate of 8.125 percent.