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Industry News
 

Domestic News

 

Trump's Push for Major Infrastructure Bill Faces GOP Opposition

President Trump’s election-year push for a $1 trillion infrastructure spending bill to boost the struggling economy faces strong opposition from Senate Republicans.
 

Class 1 Railroads to Retain Cost-Cutting Measures

The Class I railroads are considering retaining some of the measures they implemented to scale down operations as a result of the coronavirus pandemic, according to comments some executives have made at recent industry conferences.
 

Rail Traffic Down Across the Board

Total carloads for the week ended June 13 were 198,437 carloads, down 22.8% compared with the same week in 2019, while U.S. weekly intermodal volume was 250,854 containers and trailers, down 7.3% compared to 2019.
 

Shippers Need Flexibility in Logistics, Fulfillment for Peak-Season Prep

Carrier diversity will be key for shippers preparing for this year’s peak season, panelists said during a webinar Tuesday. "Every retailer should be focusing on diversifying their carriers. Shake up that carrier mix," said DHL eCommerce Solutions Regional Sales Manager Kim Gimble. "All of the carriers are not best at everything."
 

Automotive Rail Volume Remains Below Pre-Pandemic Levels as Factories Reopen

U.S. railroads originated 740,171 carloads in April 2020, a 28% year-over-year (YoY) decline, and 912,922​ intermodal containers, a 13% YoY drop, according to the latest numbers from the Association of American Railroads (AAR).
 

Norfolk Southern to Idle Bellevue Hump Yard

Norfolk Southern Railway has notified workers that it will close its Bellevue hump yard operation in northern Ohio, The Toledo Blade reported yesterday.
 

Morgan Stanley Sees Little Chance Mexico Will Nationalize Railroads

The possibility that the Mexican government would seek to nationalize the freight railroads seems unlikely, but it can’t be ruled out, according to a research update from investment firm Morgan Stanley.
 

Rail Unions Seek to Protect Benefits From Spending Cuts

U.S. railroad unions want federal lawmakers to remove the unemployment and sickness benefits of the Railroad Unemployment Insurance Act (RUIA) from the list of government programs subject to automatic spending cuts.
 

South Louisiana Rail Facility to Develop Rice Mill

The South Louisiana Rail Facility (SLRF) will develop an $11.6 million rice mill at the Lacassine Industrial Park in Jefferson Davis Parish, Louisiana, Gov. Bel Edwards announced last week.
 

OmniTRAX appoints former Union Pacific exec as chairman of its board

U.S. short line operator OmniTRAX has elected Cameron Scott, a former Union Pacific chief operating officer, as the chair of its board of directors.
 

Texas Frac Sand Firm Files for Chapter 11 Bankruptcy

Frac sand firm Vista Proppants and Logistics filed for Chapter 11 bankruptcy protection on Tuesday stating it has around $500 million of liabilities, according to court documents.
 

Port of Savannah Volume Down 9.7%

The Georgia Ports Authority (GPA) reported this week that while year-over-year container volume was down, May’s figures actually were better than expected.
 
 

International News

 

UWC Wins a New Contract for Sulphur Tank Cars

Research and Production Corporation United Wagon Company, UWC, and Slavneft-Yanos, one of Russia’s biggest oil refineries, have signed a contract for the supply of sulphur tank cars.
 

STLC Agrees Credit Line to Purchase 25,000 Wagons

Russian state-owned rolling stock leasing company (Rosco) STLC has agreed a credit line worth Roubles 16bn ($US 227.5m) with Otkritie FC Bank, to be used to purchase gondola and hopper wagons.
 
 
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