Freight Fundamentals Across All Modes Are Strong

Cowen and Co. Global Transportation & Sustainable Mobility Conference Takeaways: "Railroads are focused on adding back traffic at high incremental margins, though rail network congestion persists," Cowen and Co. analysts Jason Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Adam Kramer reported following presentations by several major carriers.

Trinity Industries, Inc. Adds Todd Maclin to its Board of Directors

Trinity Industries, Inc. today announced the election of Todd Maclin to its Board of Directors, effective immediately. The addition of Mr. Maclin expands Trinity's Board of Directors from 7 to 8 members. Mr. Maclin retired in 2016 from a 37-year career at JPMorgan Chase & Co., and its predecessor banks, where he rose to Chairman, Chase Commercial and Consumer Banking in 2013 and served on the company's Operating Committee.

U.S. Infrastructure Needs $57 Billion Annually for 20 Years

As the U.S. Interstate Highway System reaches 64 years old, it faces increasing congestion, unprecedented levels of travel – particularly by large trucks – and insufficient funding to make needed repairs and improvements. America's most critical transportation link will need to be rebuilt and expanded to meet the nation's growing transportation needs, according to a report released by TRIP, a national transportation research nonprofit.

Container Rate Records are Shattered as US Imports Surge

Just how high can Asia-U.S. West Coast spot rates go? They blew past $3,000 per forty-foot equivalent unit (FEU) in early August and have been climbing ever since. They've just topped $3,700. Can they reach $4,000? No one predicted that the container industry would be doing this well, this quickly.

Colorado Rail Park Gets Final OK

A project to develop a 620-acre rail-served industrial park in the greater Denver area has been granted final approval by the local government, paving the way for construction to begin in the fourth quarter. Rocky Mountain Industrials said the Adams County Board of Commissioners had unanimously approved a final development plan for the Rocky Mountain Rail Park.

CRRC Rolls Out First Battery-Equipped Locomotive for Rail Cargo Hungary

CRRC Zhuzhou Locomotive has completed the first of four battery-equipped electric locomotives ordered by Austrian Federal Railways (OBB) subsidiary Rail Cargo Hungary (RCH) in 2019. Two of the locomotives will be used for shunting in Hungary with the other two designed for cross-border mainline operation, primarily to the south-east of Hungary and Croatia.

Safer Tank Wagon for Dangerous Goods on the Market

Wascosa has developed a new tank wagon for acrylonitrile, a dangerous good. The newly developed wagon is setting new standards in terms of safety and wagon design. Hundred new wagons will be delivered by the end of 2020. Due to COVID 19, the start of the delivery has been a little delayed. In addition to the 25 wagons already delivered, a further 75 will be delivered by the end of the year.