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Industry News
 

Domestic News

 

Trinity Industries is moving its Headquarters to Farmers Branch

One of the biggest businesses in Dallas’ Stemmons Freeway corridor is headed for the ‘burbs with a headquarters move. Trinity Industries has been based in its tower northwest of downtown at Stemmons and Medical District Drive for decades.
 

National Steel Car Halting Operations Due to PPE Shortage Amid COVID-19 Pandemic

National Steel Car is shutting down operations, citing the need for the personal protective equipment (PPE) it uses to keep employees safe to be prioritized instead for healthcare workers during the COVID-19 pandemic.
 

Union Pacific, CSX Warn of Coronavirus’ Potential Impacts on Financial Returns

Union Pacific and CSX said the coronavirus pandemic is creating huge uncertainties that could translate into “material” financial impacts on the companies’ financial results, according to filings with the Securities and Exchange Commission (SEC).
 

Texas Plans Hearing on Oil Production Cuts

Regulators are "working toward" a 14 April "open meeting" which would include producers who are in favor and against the move, economists, statisticians, regulators and other exports to discuss how it might be done, said Texas Railroad Commission member Ryan Sitton in an online presentation today.
 

Rail Cars Latest Target for Traders Hunting Cheap Oil Storage

Oil companies are turning to rail cars to stash the crude they can’t sell, as the world runs out of places to store a growing glut of cheap barrels. North American producers, refiners and traders are now looking to store excess oil in rail yards in Texas, Saskatchewan and Manitoba amid the crude market’s historic plunge and collapsing demand, according to people familiar with the matter.
 

International News

 

Wuhan Metro Reopens as Mainline and Freight Services Resume

The Chinese city of Wuhan, the epicentre of the coronavirus outbreak, resumed partial operation of its six-line metro network on March 28 while mainline and high-speed trains are also stopping at Wuchang station for the first time since the city was locked down on January 23.
 
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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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