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Domestic News
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Four of the 10 carload commodity groups posted an increase compared with the same week in 2020. They included grain, up 9,386 carloads, to 27,650; metallic ores and metals, up 2,524 carloads, to 23,600; and chemicals, up 2,458 carloads, to 36,195. |
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Officials in Mexico unveiled plans Tuesday for a multimodal logistics center aimed at boosting international trade as part of the United States-Mexico-Canada Agreement. The project will include an investment of $1.2 billion and could generate more than 65,000 jobs in Nextlalpan, a town about 25 miles north of Mexico City, said Alfredo Del Mazo Maza, the governor of the state of Mexico. |
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Omar Alghabra has been named Canada's new transport minister to succeed Marc Garneau, who is now foreign affairs minister. Canadian Prime Minister Justin Trudeau yesterday announced he was making changes to his cabinet, following the resignation of Innovations Minister Navdeep Bains, according to Trudeau's website. |
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General Motors Co. is launching a new electric-truck business geared toward delivery services, the latest in the company’s efforts to commercialize battery technology it is developing in-house. Following the news, shares of GM hit their highest mark since the stock’s initial public offering in 2010. |
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Top officials from companies including Westlake Chemical and LyondellBasell recently shared their outlook for PVC and PE demand and prices in 2021. As for profit margins, one Braskem official said they may not be as favorable as they were in 2020 for the Brazil-based company that is also the biggest polypropylene producer in the United States. |
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The U.S. exported 660,312.5 metric tons of wood pellets in November, up from 624,212.9 metric tons in October, but down from 777,976.5 metric tons in November 2019, according to data released by the USDA Foreign Agricultural Service on Jan. 7. The U.S. exported wood pellets to nearly 20 countries in November. |
International News
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Freight trains from Belarus are already running to Poland on new tracks, at some parts, and a renovated bridge on the Siemianówka reservoir. With the investments, PKP Polish Railway Lines revitalises three different Polish railway lines in the Podlaskie Voivodeship. |
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At the start of the European Year of Rail, German Chancellor Angela Merkel talks about the importance of rail in the pandemic and achieving climate goals. To the question what the German Federal Government is contributing to the Year of Rail, Merkel says Germany is investing 86 billion euros over the next ten years to maintain and modernise the rail network. |
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