Domestic News

GATX has paid a quarterly dividend, uninterrupted, since 1919

GATX Corporation today reported 2019 fourth-quarter net income of $56.6 million or $1.59 per diluted share, compared to net income of $49.2 million or $1.30 per diluted share in the fourth quarter of 2018. 

For CN, NorFalco, More Sulfuric Acid Trips

CN has signed a new multi-year agreement with NorFalco Sales, a division of Glencore Canada Corp., to provide freight transportation of sulfuric acid from NorFalco’s rail-served production facilities in Sudbury, Ontario, and Rouyn-Noranda and Valleyfield, Quebec.

U.S. Shale Has Already Peaked for Drillers Like Halliburton

U.S. shale oil fracking has already peaked and is in a period of sustained contraction, according to two major providers of services to the industry.That view from Halliburton Co. and Schlumberger Ltd. signals an eventual deceleration in U.S. oil production, which is currently at record highs. Slower output growth would have global ramifications, given additional American barrels are forecast to account for most of the increase in worldwide supply this year.

U.S. Crude Inventories Alip, Gasoline Stocks Hit Record High -EIA

U.S. crude oil and distillate inventories fell last week while gasoline stockpiles grew for an 11th consecutive week to an all-time high, the Energy Information Administration said on Thursday.

International News

DB Cargo Awards Contract to Toshiba for Hybrid Locomotives 

The contract follows the successful completion of a feasibility study for the joint development of a new hybrid locomotive. The locomotives will be assembled at DB Cargo’s maintenance facility in Rostock with a view to starting assembly in 2021.

Upcoming Industry Events with GBX Attendance
Middle East Rail	SWARS Annual Meeting	SEARS Spring 2020
Dubai, UAE Feb. 25-26th	Galveston, TX March 4-5th	Atlanta, GA March 10-11