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Domestic News

“The Sky Isn’t Falling”: Cowen Reports

“Railcar demand appears to be holding at or just below the tempered levels we saw the past quarter on steeper rail traffic declines and ongoing PSR implementation. This and broader market jitters could continue to weigh on Trinity and Greenbrier in the near term, although TRN’s eventual CEO announcement could move the shares. Wabtec remains our top pick.

TTX Pool Railcars Increase Intermodal Efficiency

Intermodal rail freight is a well-known sector of long-haul freight. But one of the services for making it efficient is managed by a company few shippers know much about.

CSX’s TIP Aims to Improve Rail Safety Tech

Equipped with ultra-high definition cameras and high-powered illumination, the automated system “produces 360-degree scans of railcars passing through the portal at track speed. Advanced machine vision technology and software algorithms identify defects and automatically flag cars for repair.”

Trinity Industries Names New Chief Executive Officer

Dallas-based Trinity Industries has named E. Jean Savage as the company’s new chief executive officer and president, effective Feb. 17. Savage is currently the vice president of the surface mining and technology division for construction equipment manufacturer Caterpillar.

International News

First freight Train to East Midlands Gateway Terminal

DB Cargo UK operated the first commercial rail freight service to the new East Midlands Gateway Terminal in Castle Donington on January 7.

OPEC Expects Lower Demand for its Oil as U.S. Hits new Milestone

OPEC expects lower demand for its crude oil in 2020 even as global demand rises, it said on Wednesday, as rival producers grab market share and the United States looks set for another output record.