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Industry News
 

Domestic News

 

CSX Says Leaner Operations, More Tech Will Help Reduce Emissions 37% by 2030

CSX pledged to reduce it's carbon emissions by 37% by 2030, based on a 2014 baseline, the company announced last week. The railroad made the commitment through the Science-based Target Initiative (SBTi), which sets standards and verifies companies' efforts to reduce emissions in line with the level of decarbonization required to keep global temperature increase below 2 degrees Celsius compared to pre-industrial levels.
 

FreightCar America Shuts Down Plant After Employee Tests Positive for Coronavirus

FreightCar America has temporarily shutdown its Shoals Alabama manufacturing plant at 1200 Haley Drive, Cherokee, after one employee tested positive for the coronavirus. According to a press release from David Benson, vice President Human Resources, all employees and outside contractors who may have been exposed to the infected individual have been contacted
 

CARBO Ceramics Initiates Voluntary Chapter 11 Process

CARBO Ceramics has initiated voluntary chapter 11 process in the U.S. Bankruptcy Court for the Southern District of Texas to facilitate ownership change and recapitalization, with financing commitment.
 

Canadian Crude Now Costs More to Ship Than to Buy

Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.
 

How Workers at Canada’s Busiest Port are ‘Rocking and Rolling’ to get Food, Supplies and Face Masks Across the Country Amid COVID-19

Canadians across the country are sheltering at home at the recommendation of public health officials. One million Canadians who can neither work from home nor work due to COVID-19 have filed for employment insurance. The province of Ontario has shuttered all businesses deemed “non-essential.”
 

International News

 

Pilot Train Launched for Sanctioned Goods Transit Through Russia

RZD Logistics and UTLC ERA have begun shipping sanctioned goods from Europe to China in transit through Russia using electronic navigation seals. The attachment of electronic seals are carried out in Smolensk, and the removal at Kartaly station.
 

Saudi Arabia Plans to Boost Oil Exports to 10.6 Million bpd From May

Saudi Arabia plans to boost its oil exports to 10.6 million barrels per day from May because the country is burning less oil for power generation and there is also lower domestic consumption, a Saudi energy ministry official said on Monday.
 
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Upcoming Events Eurasia 2019

NARS Annual Meeting

Downstream 2020

MARS Summer Meeting

Kansas City, MO
May 12-14th
Houston, TX
June 10-11th
Lake Geneva, WI
July 20-21st

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