Greenbrier Daily Industry News

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Biden to Rescind Trump's Last-Minute Rulemaking

"The Biden White House will issue a memo to take effect afternoon, eastern time on 20 January that will halt or delay midnight regulations actions taken by [President Donald] Trump's administration that will not have taken effect by the inauguration day," the Biden transition office said today. The "regulatory freeze" memo would apply to regulations and guidance documents that have either not been published in the Federal Register or set an effective date after 20 January.

Transaction to Combine Husky and Cenovus Closes

Husky Energy is pleased to announce the transaction to strategically combine with Cenovus Energy has closed. The transaction was completed through a definitive arrangement agreement announced on October 25, 2020 under which Cenovus and Husky agreed to combine in an all-stock transaction.

Rail Cargo Posts First Gain in Two Years as Consumer Goods Surge

U.S. railroads are back, with freight volume posting the first quarterly gain in two years. Carloads increased 2.8% in the fourth quarter from a year earlier, with only a few days remaining in the period, according to American Association of Railroads weekly reports compiled by Susquehanna Financial Group.

To Track 2021 Rail Freight Recovery, Bypass 2020

Here is why: Weekly reports issued by the Association of American Railroads (AAR) employ a year-over-year comparison template. Most news media and investors follow this same template.

Mexico Registers $3B Trade Surplus in November

Mexico registered its sixth consecutive monthly trade surplus in November, according to Mexico’s National Statistics Institute. The Mexican economy was boosted by exports of raw minerals-metallurgical products, which saw a 24% increase year-over-year, food-beverages-tobacco products (18.8%), and plastic-rubber products (11.4%).

Another ‘Win’ for Intermodal

Four of the 10 carload commodity groups posted an increase compared with the same period in 2019: Grain, up 6,242 carloads, to 21,769; motor vehicles and parts, up 1,647 carloads, to 10,211; and miscellaneous carloads, up 997 carloads, to 6,647. Commodity groups posting decreases compared with the same week in 2019 were: Coal, down 9,611 carloads, to 50,742; metallic ores and metals, down 1,589 carloads, to 18,330; and chemicals, down 1,394 carloads, to 27,479.

Canada to Help Fund Rail Infrastructure Improvements in Alberta

The Canadian government will invest CA$5 million toward a project aimed at increasing access to CN and Canadian Pacific rail networks in the province of Alberta, Minister of Transport Marc Garneau announced yesterday. The project calls for adding 460 rail-car storage spots and more than 40,000 feet of new track, including a new connection to CP's Willingdon Subdivision, at the Alberta Midland Railway Terminal.

RailTrends 2020 Recap

Day One (Nov. 19) featured a mix of the tried and true (panels, rail cars) and the new and challenging (Rail Pulse, Oliver Wyman). Day Two (Nov. 20) featured the bigger guns (three Class I CEOs, a CMO and a vice chairman). And as usual, the world only seemed like it stopped turning.

Officials Reinstall Derailed Trains Near Yakima, Clean Spill

Three locomotives that tipped over in a train derailment last week near Mabton, Washington are now upright and the track is open for operations, a BNSF spokeswoman said. The Yakima Herald-Republic reports work continues to re-rail the other eight derailed cars and clean up spilled fuel, spokeswoman Courtney Wallace said.

Record Grain Moves Continue for CN, CP

CN announced that for the tenth consecutive month, it set a new record by hauling more than 2.84 MMT of Canadian grain and processed grain products via carload. Year to date, total grain volume moved via carload for the 2020-21 crop year reached 14.5 MMT—exceeding the previous record pace volume set in 2018-19 by nearly 2 MMT, or 15%.

185 Texas Workers Laid Off from Metal Supplier

Boomerang Tube LLC has laid off 185 workers at its plant in Liberty, Texas, according to a notice sent to state officials Thursday. The company, a maker and shipper of pipes and tubing for oil and natural gas companies, said, “Boomerang does not know if this layoff will exceed six months or otherwise result in an ‘employment loss’ as defined by the Worker Adjustment and Retraining Notification Act.”

International News

Britain Re-enters Sweeping Lockdown as Virus Variant Rages

Prime Minister Boris Johnson imposed a strict new national lockdown on Monday as Britain’s desperate race to vaccinate its population risked being overtaken by a fast-spreading variant of the coronavirus that was on track to overwhelm the nation’s beleaguered hospitals. After several days of frighteningly high and escalating case numbers, Mr. Johnson ordered schools and colleges in England to close their doors and shift to remote learning.

What Happened in 2020?

A hard year is about to end. Here are milestones of the year in railways.

What Will Happen in 2021?

A hard year is now back, also for railways. 2021, on the other hand, may come with several good news. Here are the developments expected in Turkish railways in 2021.
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