Domestic News

BNSF's Third-Quarter Net Earnings Grow

Despite lower revenues, western U.S. railroad BNSF posted a net profit in the third quarter amid lower operating costs, BNSF said in a financial report Nov. 4. BNSF had a net profit of $1.47 billion, a 5.2% increase from net earnings of $1.39 billion in the third quarter of 2018.

Alberta to Ease Production Limits on Oil if it's Shipped by Rail

The Canadian province of Alberta will ease oil production limits on energy companies if they move the additional oil on trains, provincial government officials announced yesterday. The announcement was made after industry representatives proposed shipping more crude by rail in exchange for curtailment relief.

Imperial Oil CEO Offers Faint Praise for Alberta Curtailment Cuts for Rail Plan

Alberta is going in the "right direction" with its plan to ease production curtailments for oil producers who add crude-by-rail capacity, the CEO of Imperial Oil Ltd. said Friday, although he didn't commit to transport more oil by rail.

International News

CRRC’s “Chief Obligation is to the Chinese State”

“This report underscores the fact that CRRC is controlled by the Chinese government and has made crystal clear its desire to decimate the railcar manufacturing industry in the United States and the thousands of Americans it employs,” RSI President Mike O’Malley told Railway Age.

Germany Mulls Vetoing Sale of Vossloh's Locomotives Unit

Germany’s economy ministry is mulling a veto against the planned sale of the locomotives division of Vossloh to a unit of China’s CRRC Corp, an industry source familiar with the matter said.

Local Solution for International Certification: DeTIM

As Turkey accepted the European standards and Turkish wagon industry focused on international market, companies faced an important and “expensive” step: Certification and inspection.

Upcoming Industry Events with GBX Attendance
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