The Canadian Transportation Agency (CTA) ruled earlier this week that revenue of Canadian Pacific and CN were below their maximum grain revenue entitlements for crop year 2018-19.
Canadian Pacific announced Dec. 30 that it has completed its acquisition of the Central Maine & Quebec Railway (CMQ), although the transaction remains subject to U.S. Surface Transportation Board approval.
Genesee & Wyoming Inc. announced on Dec. 30 the completion of its previously announced sale to affiliates of Brookfield Infrastructure Partners LP and GIC.
The value of U.S. oil and gas mergers and acquisitions reached a five-year peak of $96 billion in 2019 on the back of competing bids for Anadarko Petroleum, energy data provider Enverus said on Thursday.
The year 2019 was a turbulent year for Eurasian rail freight traffic. Whereas the first six months were relatively calm, the second half was marked by major changes in Chinese support measures, Russian politics and a rapidly developing market.
A new direct freight train has been launched between China and Poland. It connects Xi’an inland port to the Polish intermodal hub Euroterminal Sławków. The container rail service also provides a connection to the Port of Gdańsk and, as a result, it could be used for delivering freight from China to Scandinavia.
China National Railway (CR) opened the 174km Beijing North – Zhangjiakou line on December 30, the world’s first automated high-speed railway, together with the 53km Chongli line serving venues for the 2022 Beijing Winter Olympics.