Grace Hopper Subsea Cable ups Capacity
One year after Lumen Technologies (NYSE: LUMN) established a new subsea fiber route between the U.S. and France, the company is increasing network capacity and diversity, investing in a fiber pair on Grace Hopper, a subsea cable system spearheaded by Google, between New York and Bude, Cornwall in the U.K. The Grace Hopper system will use Lumen landing station and infrastructure services at both locations."Data flow and capacity demands don't know boundaries. The bandwidth explosion across continents is real and we're meeting it head on by investing in new subsea cables…
Ports of Indiana: Building on Success
The Ports of Indiana is a statewide port authority, established in 1963, which operates three ports: two on the Ohio River, one on Lake Michigan. Port officials refer to the three as “America’s Premier Inland Port System.” They cite location, location, location, providing access via two critical freight arteries – the Great Lakes and the Inland Waterway System and proximity to the world’s most productive industrial and agricultural regions. The Ports is the only statewide port authority in the Midwest.
Canadian National Rides High in Intermodal Growth
The Montreal-based Canadian National Railway (CN) reported a higher fourth-quarter profit and raised its dividend, bucking a weak trend among major North American railroads. However, it has given an uncertain but far rosier outlooks for 2016 than most of its North American counterparts after strong international intermodal volume gains helped propel it to a double-digit profit rise. CN said profit rose to $941-million while diluted earnings per share increased by 15 per cent to $1.18. Revenue fell by 1 per cent to $3.2-billion as carloads declined by 8 per cent. It earned 941 million Canadian dollars ($669 million), or C$1.18 a share, up from C$844 million, or C$1.03, a year earlier.
Darling Named President of AEP River Operations
American Electric Power has named Keith Darling president of AEP River Operations LLC. Darling, 60, will oversee all managerial and operating activities related to AEP River Operations, including sales, planning and budgeting, accounting, business development, logistics, operations and maintenance. He replaces Mark Knoy, who left the company. "Keith's river operations experience is both broad and deep, and he has a unique understanding of how our river operations fit with our broader corporate strategy," said Tim Light, senior vice president – Fuels, Emissions & Logistics. Darling has served as managing director of boat operations for AEP River Operations since 2002.
Coastal Properties Managing Diamond Teague
Coastal Properties Management (CPM) added a new facility to its management group with a contract awarded by Washington D.C. to manage the newly opened $8m marine terminal at Nationals Park named Diamond Teague Marine Terminal & Park. Operations at the Diamond Teague Terminal, which commenced in September, include water taxi and commercial vessel service from National Harbor Marina in Md., and Old Town Alexandria, Va. for all Nationals home games and concerts at National Park.
