USMCA, In Force, Offers Challenges, Opportunities

As the U.S.-Mexico-Canadian trade agreement (USMCA) officially becomes the governing statute for commerce across North America, Marc Brazeau, President and Chief Executive Officer of the Railway Association of Canada (RAC), Iker de Luisa Plazas, Director General of Asociacion Mexicana de Ferrocarriles (AMF) and Ian Jefferies, President and CEO of the Association of American Railroads (AAR) issued a statement.

Mike O’Malley departing Railway Supply Institute

After just over two years at the helm, Railway Supply Institute (RSI) President Mike O’Malley is leaving the organization at the end of July. O’Malley, who has served as RSI’s leader since early 2018, is “pursuing an opportunity with a corporation outside the Washington, D.C. area,” RSI said in an announcement. O’Malley joined the organization after serving in a government relations capacity with CSX.

To maximize the benefits of USMCA, the U.S. must better coordinate policy with Mexico and Canada

Health and manufacturing policies should involve open, ongoing dialogue.

We Take Care Of Our Own, Part 2 - Pemex's Struggles Bode Well For U.S. Refined Product Exports

What’s ahead for U.S. refined product exports as Mexican demand gradually rebounds later this year and in 2021? As we discuss today, that will largely depend on the Mexican government’s determination to have its debt-laden energy company produce gasoline and diesel at a loss and proceed with expensive refinery projects.

Covia Files Bankruptcy, Pact Would Hand Lenders Company

Covia Holdings Corp., a supplier of sand and other mineral products to the oil and gas industry, filed for Chapter 11 bankruptcy in federal court in the Southern District of Texas on Monday.

US manufacturing breaks growth records, pandemic unknowns temper July outlook

The U.S. PMI climbed from 41.3% in May to 52.6% in June, breaking multiple historic records for production and new order growth indicators, according to the Institute for Supply Management (ISM). This marks the first time the manufacturing sector has seen expansion since July 2019, based on ISM's records.

House Approves $1.5 Trillion Infrastructure Bill; Highways Would Get $319 Billion

The House of Representatives approved the Moving Forward Act, a $1.5 trillion plan to rebuild the nation’s crumbling infrastructure, pouring hundreds of billions of dollars into projects to fix roads and bridges, upgrade transit systems, expand interstate railways and dredge harbors, ports and channels. The bill also authorizes more than $100 billion to expand internet access for rural and low-income communities and $25 billion to modernize the U.S. Postal Service’s infrastructure and operations.

International News

UWC Delivers 36 Tank Cars to Khimprom

United Wagon Company (UWC) has shipped 36 tanks cars to industrial chemicals specialist Khimprom, who will use them to transport sodium hydroxide and other chemical freight.