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Industry News
 

Domestic News

 

US Consumer Spending Rises Moderately

U.S. consumer spending rose marginally in September while wages were unchanged, which could cast doubts on consumers’ ability to continue driving the economy amid a deepening slump in business investment.
 

Accidental Letter Released Online of Lyondellbasell Plans

Lyondellbasell is considering a $1 billion expansion of its Corpus Christi chemical plant. Information was reportedly leaked out accidentally, which included in a letter from the Economic Development Corporation and intended for Nueces County Commissioners.
 

Railcar Company Did Not Create Struck-By Hazard: OSHRC

A change in processes for railcar buildings did not create a struck-by hazard, held an administrative law judge Monday in a final decision of the Occupational Safety and Health Review Commission.
 

Ready to Move 'About 200,000 Barrels a Day': Crude by Rail Set to Increase

Genesee & Wyoming (G&W) recently reported its 2019 first-quarter results, which show year-over-year declines in operating revenues, operating income and diluted EPS.
 

Keystone Pipeline Shut After Spilling 9,000 Barrels of Oil in N. Dakota

An estimated 9,120 barrels of oil have spilled from TC Energy Corp's Keystone crude pipeline in North Dakota, state authorities said on Thursday, a major leak at a time of increased regulatory scrutiny of oil pipeline expansions.
 

International News

 

Report Confirms China Railway Rolling Stock Corporation (CRRC) Directly Tied to Communist Chinese Party

A newly released independent report about the Chinese Communist Party (CCP) and its strategic use of government state-owned enterprises in key industries provides further evidence that companies like the China Railway Rolling Stock Corporation (CRRC) are directly linked to the CCP and act as an extension of the Chinese government’s economic and militaristic aims.
 

Brazil to Remain Net Ethanol Importer; U.S. Fuel to Supply Northeast: Platts

An ethanol production increase expected for Brazil, the world’s second largest market for the biofuel, will not be enough to cope with rising demand and the country will continue importing fuel from the United States to cover the shortfall.
 

Upcoming Industry Events with GBX Attendance

Upcoming Events Eurasia 2019

CARS NTL. Railway Day

MARS Winter Meeting

Middle East Rail

Edmonton, Canada
Nov. 5-7th
Lombard, IL
Jan. 15-16th
Dubai, UAE
Feb. 25-26th

www.gbrx.com

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