Beginning October 28, Phillip W. Thompson will be joining MUL Railcars, Inc. (MULR), a subsidiary of Mitsubishi UFJ Lease & Finance Company Limited (MUL), as Vice President – Business Development.
The North America refining project outlook has been healthy for some time and this trend looks set to continue in the near term. Current active capex project pipeline projects at planning and engineering stage are estimated at $35 billion in North America, Industrial Info said.
The fate of U.S. crude production is a big deal for the transportation industry, not just because it affects fuel costs, but because it's such an important driver of demand. U.S. crude output buoys ocean-going tanker rates; fills rail cars with oil and frac sand; and proffers trucker loads of equipment, water, frac sand and oil.
Oleg Belozerov, CEO and Chairman of the Board of Russian Railways, and Ashraf Raslan, Chairman of the Board of Egyptian National Railways, have signed a letter of intent. The parties confirmed their mutual interest in the joint implementation of comprehensive projects to modernize the railway infrastructure of the Arab Republic of Egypt.
