Canadian Grain Exports Flowing Fast as Pandemic Lockdowns Clear Railway Space

Canadian grain exporters are boosting sales in a slumping global economy, as demand for commodities like oil weakens and frees up railway space.

CSX Lays off 86 Management Employees

General business conditions, COVID, and PSR continue to reduce North America’s railroad workforce. The latest announcement of layoffs comes from CSX, based in Jacksonville, Fla. And, the layoffs occurred within the management organization.

Union Pacific CEO Sees ‘Signs of Optimism’ in Multiple Markets as Economy Recovers

Union Pacific CEO Lance Fritz told CNBC the railroad operator has reasons to be positive about its business as the U.S. economy recovers from the impacts of the coronavirus.

NEWS U.S. DOT FRA Announces $302.6 Million in Railroad Repair Grants Across Nine States

The U.S. Department of Transportation’s Federal Railroad Administration (FRA) has announced the recipients of more than $302 million in grant funds to help repair and rehabilitate railroad infrastructure on 12 projects across nine states.

Second COVID-19 Wave Would Slam Ocean Shipping

The Economic Co-operation and Development (OECD) has outlined two scenarios for COVID-19 economic fallout: “Single Hit,” in which the virus continues to recede and remains under control, and “Double Hit,” in which a second wave of infections erupts by year-end.

International News

EU to Decide on Alstom- Bombardier Deal by July 16

European Union antitrust regulators have set a deadline of July 16 for a decision of whether to approve Alstom’s bid for Bombardier Transportation.

Turkey Completes Production of First Locally-Made EMU

Turkish Wagon Industry (Tüvasaş) has completed the first EMU to be designed and manufactured in Turkey, with the train due to enter service by the end of the year.