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Industry News
 

Domestic News

 

CSX Joins TradeLens Shipping Information Platform

CSX has become the first North American railroad to join TradeLens, a global shipping information platform that provides customers with improved supply-chain transparency and shipment-status visibility.
 

Keystone Pipeline Likely Back Online in Weeks, Oil Producer Canadian Natural Says

The Keystone crude oil pipeline may return to service within a couple of weeks, based on past spills, the president of Canadian Natural Resources Ltd, the country’s biggest oil producer, said on Thursday.
 

Crude-By-Rail Will Help Alberta Producers, But Pipelines Would Help More

As part of the railroad's precision scheduled railroading transition, Kansas City Southern has revised the definitions of two service metrics it uses to measure operating performance, KCS officials announced on Monday.
 

Battered Oil Majors Give Guidance On Permian Production, IMO 2020 Impacts

American oil production is expected to grow 7.2% next year to 13.2 million barrels per day; pipeline takeaway capacity from the Permian Basin will grow 2.4 million barrels/day, threatening crude by rail; and oil majors are already enjoying widening refining margins in anticipation of IMO 2020.
 

Ethanol Producers Look to Mexico After Trump Biofuel Plan

U.S. ethanol producers, increasingly exasperated by President Donald Trump’s policies that they say have hurt sales of biofuels, are focusing on expanding sales in Mexico to help make up the difference.
 

International News

 

China Says it Has Agreed With the US to Cancel Existing Trade Tariffs in Phases

China’s Commerce Ministry said Thursday that Beijing had agreed with Washington to lift existing trade tariffs between the two nations in phases.
 

China's 'Belt and Road' Strategy Has a New Competitor — Enter America's 'Blue Dot Network'

In a bid to provide an alternative to China's multi-billion-dollar Belt and Road infrastructure initiative, Washington has announced its 'Blue Dot Network' designed to fund infrastructure "sustainably".
 

Aramco Signs 2020 Crude Oil Supply Deals at China’s Largest Trade Fair

Saudi Aramco signed crude oil sales agreements for 2020 with five Chinese customers, increasing total volume by 151,000 barrels per day compared to their 2019 supply contracts.
 

Upcoming Industry Events with GBX Attendance

Upcoming Events Eurasia 2019

MARS Winter Meeting

Middle East Rail

SWARS Annual Meeting 

Lombard, IL
Jan. 15-16th
Dubai, UAE
Feb. 25-26th
Galveston, TX
March 4-5th

www.gbrx.com

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