In a world turned upside-down, opportunities abound. Will railroads seize the moment? July 1, the day that the tumultuous Year 2020 turned six months old, was a watershed day in the North American railroad saga, and not because of COVID-19, which sent the economy into a crash dive.
Precision Scheduled Railroading (PSR), as we know it today, is rapidly reaching an inflection point. Escalating trade disruptions, rail strikes, blockades, weather events and the COVID-19 pandemic have highlighted the urgency to make supply chains more resilient.
U.S. railroads originated 794,256 carloads in June 2020, a 22% year-over-year (YoY) decline, and 1,004,933 intermodal containers, a 6% YoY drop, according to the latest numbers from the Association of American Railroads (AAR).
A U.S. court ordered the shutdown of the Dakota Access oil pipeline on Monday over concerns about its potential environmental impact, a big win for the Native American tribes and green groups who fought the major pipeline's route across a crucial water supply for years.
The Liquefied Natural Gas (LNG) business in the United States was more or less confined to these large scale, long-term LNG supply agreements. That changed on June 19 when US officials approved the use of cryogenic railcars to ship LNG from production plants to users across North America.
As Lac-Mégantic commemorates the seventh anniversary of a deadly derailment that transformed the town, a coalition has denounced the state of the nearby railway and demanded the federal government immediately inspect it.
United Wagon Company and Trans-Servis, a Russian rail freight operator, signed an agreement for the supply of a batch of food-service tank cars which are expected to be delivered until the end of the year.
H. Essers and Rail Cargo Austria have joined forces to launch a new direct rail link between the Romanian city of Curtici and the Turkish city of Istanbul. H. Essers already has an existing connection between Genk in Belgium and Curtici, which runs eight times per week. Three times a week a train will now travel from Curtici to Istanbul.
China Railway Rolling Stock Corporation (CRRC, 1766.HK), one of the world's largest rail transportation equipment companies continues its commitment to sustainability to cultivate win-win opportunities and unlock long-term economic value.