Domestic News

Outlook for Intermodal Largely Uninspiring After Poor 2019

Intermodal volume is expected to rise in 2020 off a retreat in demand last year, but shifts in the economy, trucking market, and ocean shipping patterns will make it harder for railroads to secure new business.

CSX’s 4Q19 Sets Another OR Record

CSX Corp. announced 4Q19 net earnings of $771 million, or $.99 per share, vs. $843 million, or $1.01 per share in the same period last year.

U.S. Farmers Expected to get Third Tranche of Trade Aid Despite Phase 1 deal

U.S. Agriculture Secretary Sonny Perdue said he expected U.S. farmers to receive a third and final tranche of trade-related payments even after a Phase 1 trade deal with China was signed, Bloomberg reported on Thursday.

International News

China Renews Its ‘Belt and Road’ Push for Global Sway

China’s big-money push to build ports, rail lines and telecommunications networks around the world — and increase Beijing’s political sway in the process — seemed to be running out of gas just a year ago.

Chinese Demand for U.S. LNG Unlikely to Surge as Long as Tariffs Remain

Chinese purchases of U.S. liquefied natural gas (LNG) are unlikely to surge, despite an agreement for China to buy more U.S. energy supplies, because tariffs on gas from the United States remain in place, analysts and traders said.

Thermal Coal Prices set for Recovery This Year as Oversupply Tightens

So far this month, prices for prompt loading at Australia’s Newcastle terminal have gained 13% while front-year European API2 coal futures have risen 16%.

Upcoming Industry Events with GBX Attendance
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