Domestic News
|
|
The scrap between two Canadian railroads for Kansas City Southern is getting ugly. It could also get very expensive. Canadian Pacific and Canadian National have released letters from stakeholders in support of their competing offers for the U.S. carrier or disparaging rival bids. |
|
GATX Corporation today announced publication of its first Sustainability Accounting Standards Board (SASB) report, which discloses metrics related to relevant environmental, social and governance factors for calendar year 2020. |
|
Companies are expected to raise spending over the next few years on technology designed to power data-processing tools installed directly on factory-floor machinery, cellphone towers, train-track signals or store-checkout hardware — instead of in a data center. |
|
As Deutsche Bank analyst Amit Mehrotra told American Shipper back in March, “You ain’t seen nothing yet.” He was right. The latest data reveals that despite a deluge of inbound cargo since the second half of last year, import demand is not abating — it’s increasing. |
|
Formerly a Watco-operated sand receipt facility for the energy industry, the Refugio Transload Terminal is now owned by the short line holding company, which is looking to bring in more customers and commodities from the Corpus Christi, Rockport and Sinton industrial areas. Watco serves seven terminals in the state. |
|
UP reported that it will initially offer a “pop-up” terminal at its West Colton rail yard, and that domestic intermodal service will launch between Southern California and Chicago, with expected future service to Dallas, Tex., and the southeast markets. |
|
The company reported May 5 that the change not only reflects growth and modernization, but also long-term vision. “The acquisition of railroads and other assets and associated industrial development is a primary focus of Pioneer Lines as it seeks to expand its presence across the U.S.,” said Pioneer, which currently owns and operates 15 railroads and provides such rail-related services as transloading, switching and storage. |
|
Voluntary OPEC production cuts have been contributing to reduced U.S. crude oil imports from OPEC so far in 2021. Comparatively stable U.S. crude oil imports from Canada, however, have been mostly the result of longer-term trends. |
|
Countries in Europe and Asia are increasingly relying on biofuel — products made from wood and plant residue — as an alternative to fossil fuels in power generation and home heating. |
|
Martin Marietta acquired Minnesota-based Tiller Corp., which will be integrated into the company’s Central Division. Martin Marietta expects the acquisition to broaden its geographic reach and create a leading aggregate position for the company in the Minneapolis/St. Paul region. |
