Domestic News
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GBX reported liquidity of $810 million, including $725 million in cash and $85 million of available borrowing capacity. When combined with $150 million of additional initiatives in progress, the total was $960 million. |
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The fall in the manufacture of rail cars and the cancellation of a strong order, forced the Trinity de México company to cut 230 union positions and as the outlook is for before the end of January, the figure could increase, clarified Jorge Carlos López Mata. |
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Staring into the 2021 abyss, the outlook for rail-hauled chemical traffic looks like a mixed weather forecast. “Early morning fog, changing to overcast skies, with a high-pressure system moving in later for sunny skies” sounds like the chemical forecast for 2021. |
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The fast-growing cold storage giant Lineage Logistics LLC is adding another notch to its belt of recent acquisitions, saying today it has acquired a cold chain rail operator in a move to create a “seamlessly integrated” supply chain solution for its food and beverage customers. Novi, Michigan-based Lineage bought Cryo-Trans, which owns North America’s largest private fleet of cold chain railcars. |
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U.S. renewable energy consumption in 2019 surpassed coal for the first time in 135 years, according to the federal Energy Information Administration (EIA). Total renewable energy consumption in the United States grew for the fourth year in a row to a record-high 11.5 quadrillion British thermal units in 2019. Coal consumption, meanwhile, dropped for the sixth straight year and totaled 11.3 quadrillion Btus, according to the EIA analysis. |
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Several auto makers reported relatively brisk U.S. sales to finish 2020, stoking optimism the car business this year can continue its climb back from the Covid-19 crisis. General Motors Co. said Tuesday that fourth-quarter sales rose 4.8%, GM’s only quarterly increase of 2020. |
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Investigations into the derailment and fire of a BNSF Railway oil train in Custer last month appear to be focused away from foul play, with several state and federal agencies involved. The FBI, the National Transportation Safety Board, the Federal Railroad Administration and the state Utilities and Transportation Commission would not disclose any information this week. |
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U.S. Rep. Albio Sires has reintroduced the Rail Audit Transparency Act, a bill that would require the Federal Railroad Administration (FRA) to notify Congress when a comprehensive safety assessment is being conducted on an intercity passenger- or commuter-rail agency in lawmakers' districts. The bill calls for members of Congress and relevant congressional committees to be notified within 10 days of an FRA launch of a safety assessment. |
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With tensions between the U.S. and China rising on many fronts, President-elect Joe Biden will take office aiming to align Western democracies to broadly pressure Beijing, a clear break with President Trump’s go-it-alone approach. Chinese President Xi Jinping has been thinking along the same lines and is a step ahead, setting up an overt competition for global leadership. |
International News
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The amendments to both contracts, which extend the concessions from their previous expiry date of 2027 to 2057, were agreed by the Vale board on December 16, and follow their approval by the Federal Audit Court in July 2020. The revised contracts were formally signed on December 18 in São Paulo, by Mr Tarcísio Gomes de Freitas, minister of infrastructure, as well as representatives from Vale, the National Land Transport Agency and the Brazilian treasury. |
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Turkey has been part of the multimodal transport route for a longer time, being part of the Middle Corridor. So far, cargo was mostly carried into Europe via the Baku-Tblisi-Kars railway line. |
