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.
Port Everglades moves toward Public/Private Partnership with FEC for rail to transport cargoPosted on July 06, 2011.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.Santa drops off toys for tots in NSBPosted on December 12, 2010.
NEW SMYRNA BEACH -- Just weeks before flying across the globe in one night in his magic sleigh, Santa Claus spent Saturday taking a leisurely train ride down the Florida East Coast Railway, delivering toys along the way, with New Smyrna Beach among his eight stops.
Santa dropped off about 325 items just after 10:30 a.m. Saturday, the toys the result of Florida East Coast Railway's toy drive. The toys were headed to the Gifts of Love Coalition in Edgewater to be distributed to different spots throughout the area.Florida East Coast Railway sets new Service Record for UPSPosted on December 01, 2010.
Jacksonville, Fla. -- Florida East Coast Railway, LLC (FEC), has set another new standard in customer service today by providing 2,000 consecutive days of failure free service to UPS, which is a new record for any transportation company serving UPS. One of FEC’s largest intermodal customers, UPS has a long-standing relationship which has been in existence for well over a decade. During these 2,000 days, stretching from June 9, 2005 through November 28, 2010, FEC handled more than 125,000 intermodal loads, allowing the delivery of more than 200 million packages on time.