Domestic News
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In the movie “Falling Down,” the character played by Michael Douglas is stranded in a Los Angeles traffic jam. He abandons his car, starts walking with briefcase in hand and ultimately has a mental breakdown. |
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Rail shippers in fourth-quarter 2020 expected price increases of 3.2% (up 10bps sequentially), and their sub-group of railcar buyers raised order expectations modestly, according to two surveys conducted by Cowen and Company analysts Jason H. Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Elliot Alper. Following are the analysts’ key takeaways from the Rail Shipper Survey and Rail Equipment Survey. |
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R. J. Corman Railroad Services yesterday announced Mark Boyle has been promoted to vice president. He will be responsible for the operations of the company’s non-emergency divisions that perform work including track construction, maintenance of way and industrial services, R.J. Corman officials said in a press release. |
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Dwindling stockpiles of U.S. grains have despatched costs for corn, soybeans and wheat skyrocketing. Corn futures closed buying and selling Wednesday up 1.4% after rising Tuesday by the utmost allowed by the Chicago Board of Trade to greater than $5.17 per bushel. |
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Having recently turned even more bullish on the oil market, bringing forward up its year-end $65 Brent price target to the summer on Monday, overnight Goldman's commodity team turned even more bullish on oil, "discovering" an unexpected source of oil demand in the near term, which could lead to even higher oil prices in coming days. |
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As profiled in an earlier Flashback Friday article, the railroad was first developed in Great Britain. Although they developed later in the United States than in England, wooden railroads were also built in the American colonies. |
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Alternate research suggests that it is way too early to walk away from the electrification discussion. The Association of American Railroads recently published a policy paper arguing that partial or complete major U.S. railroad electrification was a bad idea. |
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Despite the weighty impact of the coronavirus on U.S. port volumes last spring and summer, Port Houston narrowly missed a record-setting year for container traffic. During its record 2019, Port Houston handled 2,990,175 twenty-foot equivalent units. |
International News
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Siemens Gamesa and Siemens Energy are developing a commercial offshore wind turbine that produces hydrogen via electrolysis, the companies said, marking a breakthrough for the mass production of renewable hydrogen. The companies are investing 120 million euros ($146 million) in the system, which has not been previously reported on. |
