Canadian National Railway yesterday announced it achieved another monthly record in June, moving 2.7 million metric tons (MMT) of Canadian grain. In the first half of 2020, the Class I moved 15 MMT. That also represents a new all-time best quarter for CN with 8.15 MMT moved.
Kansas City Southern has made some leadership changes amid the continued deployment of precision scheduled railroading (PSR) and the passage of the trade agreement between the U.S., Mexico and Canada.
The G3 grain handling network has completed construction of two new high throughput elevator facilities for the company's operations in Alberta. The new facilities are located at Carmangay, south of Calgary, and Morinville, north of Edmonton.
Kansas City Southern Railway CEO Patrick Ottensmeyer joins "Squawk on the Street" to discuss the rail company's demand in the wake of Covid-19 and USMCA.
Some of the nation's largest shippers and retailers right now are renewing their pursuit of major increases to the size and weight of trucks allowed on the nation's highways.
His Excellency CEO of Saudi Railways Company SAR, Dr. Bashar bin Khalid Al-Malik, has signed the agreement with His Excellency CEO of Sadara Chemical Company, Dr. Faisal M.Faqeer. It's considered the first of its kind in Jubail Industrial City, Sadara will start using the trains to transport liquid and solid products and containers as a primary means of transportation for the company.
The Russian government has provided Roubles 7.2bn ($US 100m) to support integral businesses in the rail sector during the coronavirus pandemic, with an additional Roubles 61.23bn planned.
The World Bank has approved a €345m loan for Turkey's Rail Logistics Improvement project, which aims to improve intermodal connectivity, and reduce emissions and costs along selected rail freight corridors in the country.