Industry News

Domestic News


MUL Railcars, Inc., a Subsidiary of Mitsubishi UFJ Lease & Finance Company Limited, Announces Executive Management Transition

MULR Chairman, Kenji Yasuno, today announced that, effective July 1, Anders Vestergaard will assume the role of CEO as Jim Sharp, the company's founding CEO, completes his service with the company in a preplanned management transition.

USMCA Should Be a Shot in the Arm for Kansas City Southern and the Rail Industry

It's been an up-and-down year so far for Kansas City Southern. And the swings have been fairly wild even though 2020 hasn't yet reached the midpoint.

An Observer’s View of the Pan Am Railways Sale

An industry observer who spoke with Railway Age on the condition of anonymity said that Pan Am Railways is indeed for sale, with BMO Financial Group handling a transaction for principal owner Tim Mellon, 78, and other investors. Our source, an independent observer, outlined possible courses of action for the New England regional railroad, within the context of what’s going on in the marketplace.

With Slowing Demand, Inventories Reach All-Time High

Kansas Common crude at CHS in McPherson dropped a quarter on Friday, to start the week Monday at $28.75 a barrel. That's down more than a dollar from a week ago, but three dollars higher than at the first of the month. Since the beginning of the year, Kansas Common is down more than $22 a barrel.

Canadian National Will Install More Rail in 2020

Canadian National has announced it will make a strong rail infrastructure investment in British Columbia for the remainder of 2021.

White House Threatens Veto on Democrats' $1.5 Trillion Infrastructure Plan

President Trump threatened to veto House Democrats' $1.5 trillion green infrastructure plan on Monday, arguing it should eliminate or reduce environmental reviews and doesn't route enough money to rural America.

House Transportation Bill Fails to Unite When It Is Needed Most

The House Transportation & Infrastructure Committee passed a $500 billion surface transportation bill along party lines. It moved to the full House of Representatives as part of a larger, $1.5 trillion infrastructure package.

International News


UK Government to Announce Massive Investment Plans

This week, Prime Minister Boris Johnson is expected to announce a massive programme of infrastructure investment for the UK. There is speculation as to how big the programme will be, and where the money will be invested. Questions are being asked as to how much rail freight can expect to benefit.
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