Burlington Northern in Talks With L.A. Port
From Bloomberg News
Burlington Northern Santa Fe Corp. said it would begin talks with the Port of Los Angeles, the busiest in the U.S., about building a new rail terminal that might cut delays in handling cargo such as Asian imports.
The terminal would eliminate as many as 1 million truck trips a year by moving freight from docks directly to rail tracks linked to Chicago, Dallas and other major cities, Burlington Northern said. The Fort Worth-based company said the new terminal might add as many as 1,000 jobs.
The company’s shares fell 13 cents to $46.80 on the NYSE.
