Domestic News
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Omaha-based Green Plains Inc., continues its divestment from the ethanol industry, announcing on Tuesday it has sold its 100-million-gallon plant in Hereford, Texas, to Hereford Ethanol Partners, L.P. According to a news release from the company the plant sold for $39 million. |
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The North American railroad industry is about 190 years old. According to the railroad industry, there were over 1,620,000 railcars in North America at the beginning of 2020. |
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ARS was sold from parent company GenNx360 Capital Partners, a private equity firm investing in middle-market business services and industrial companies. ARS provides certified tank car and freight car repair in 10 locations, from Maryland to Nebraska; interior and exterior cleaning, coating, and lining services; mobile repair; on-site customer repair operations; switching operations; and railcar storage. |
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American shale producers are likely being kept up at night over what could be in store for their industry over the next four years, if pledges made by some lawmakers in Congress and President-elect Joe Biden are anything to go by. U.S. Energy Secretary Dan Brouillette seems to think so. |
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Canadian railway CN has partnered with others to develop a high-tech logistics near the Port of Mobile in Alabama for the export of plastics resins or pellets. CN, Mississippi Export Railroad subsidiary Alabama Export Railroad and Ray-Mont Logistics expect the first phase of the logistics park in Mobile to be open in late 2021. |
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Container restrictions from the railroads due to high levels of congestion at the ports are causing disruption to service for intermodal providers like J.B. Hunt Transport Services. The company earlier this week issued a service advisory extending through Saturday as its partners BNSF Railway and Norfolk Southern unwind the glut of boxes and trailers backed up in the key intermodal markets of Los Angeles and Chicago. |
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Progress Rail will close its Tacoma locomotive rebuilding facility early in 2021. In a statement issued this morning, the company said it will move the work currently being performed at Tacoma to other rebuild facilities, including Mayfield, Ky., and Patterson, Ga. |
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Norfolk Southern informed employees of furloughs within our mechanical department that are needed to align our operations with the current economy. We know furloughs are always hard for impacted employees and even harder around the holidays. |
International News
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Transmashholding (TMH) and United Wagon Company (UWC) have signed a framework agreement to cooperate on the production and supply of narrow-gauge freight wagons for the African market. |
