Canadian National Railway has started its recovery plan after weeks of backlogs. The company said in a news release March 4 that it is calling back most of its temporarily laid-off employees to implement a recovery plan in Eastern Canada, noting the process will take several weeks to complete.
Tonsager will oversee all commercial efforts related to the transportation, services, and ports business units across Patriot Company's growing business platform. More specifically, his scope of responsibilities will cover the growth of industrial development projects, as well as M&A activities and further leverage strategic organizational capabilities by aligning and refocusing the commercial group.
My thesis is that the North American railcar fleet is too large. What makes it too large? Reasonable people can agree that with almost one-quarter of the available and usable cars in storage, that’s not a sustainable business model. One of the three largest fleet owners supplying leased cars for Mexico, Canada and the United States last week stated flatly that perhaps 15% to 18% excessive “market supply” is challenging.
In response to the nationwide coronavirus outbreak, the Federal Motor Carrier Safety Administration issued a national emergency declaration to provide hours-of-service regulatory relief to commercial vehicle drivers transporting emergency supplies.
The Department of Energy will purchase “large quantities of crude oil” to restock the U.S. Strategic Petroleum Reserve in an assist to the oil industry suffering from recent dramatic price drops and market instability, President Trump said Friday.
Intermodal freight operators in Europe have called for a number of measures to be put in place to allow freight to continue to move during the coronavirus pandemic, especially during the lock-down in Italy.