Greenbrier Daily Industry News

Domestic News

Kansas City Southern Accepts Canadian National Merger Offer (Updated)

The battle for Kansas City Southern appears to be over. KCS on Thursday accepted Canadian National’s $33.6 billion bid to create the first railroad linking Canada, the U.S., and Mexico.

Canadian National Takes Lead in Bidding for Kansas City Southern

Canadian National Railway Co. took the lead in the race to acquire Kansas City Southern, which declared the railroad operator’s roughly $30 billion takeover bid superior to a rival proposal.

Game Over for CP+KCS? Maybe, Maybe Not (Updated)

The activity involving Kansas City Southern and its two potential merger partners, Canadian Pacific and CN, took yet another turn late on May 13.

AAR: Rail Traffic Numbers Continue to Improve

For the week ending May 8, U.S. weekly rail traffic totaled 523,309 carloads and intermodal units, up 26.9% compared with the same week last year, according to Association of American Railroads (AAR) data.

Miner Expands Gate Product Offerings

Miner Enterprises, Inc., has acquired the Toggle-Lock™ gravity gate product line for covered hoppers from Davanac, Inc., a division of The Railway Supply Group.

Small Roads, Ports Outline Infrastructure Investment, Policy Priorities

The “Freight Mobility: Strengthening America’s Supply Chains and Competitiveness” hearing was held May 11.

Drax to Kickstart Development of 3 Arkansas Pellet Plants

Drax Group, world-leading sustainable biomass production and supply company, will begin constructing the first of three new “satellite” pellet plants in Arkansas, the company announced today.

U.S. Customs Agency to Replace Rail Scanning Systems

U.S. Customs and Border Protection yesterday unveiled a $46 million initiative that will replace aging rail scanning systems at 12 rail ports of entry on the U.S. southern and northern land borders.

Biden's Energy Sec Says 'Pipe is Best Way' to Transport Fuel, Sparks Backlash Regarding Keystone XL Pipeline

President Biden’s energy secretary is facing renewed backlash for canceling the Keystone XL pipeline permit after she admitted this week that using a pipeline is "the best way" to transport fuel.

USDA Oilseeds: World Markets and Trade (May 12): Strong Global Consumption Growth in 2021-22

Global oilseed production is forecast to grow 5 percent in 2021/22, primarily on growth in soybean output in the United States and South America, according to the U.S. Department of Agriculture (USDA) Oilseeds: World Markets and Trade report released Wednesday, May 12.

International News

New Report Finds Increase in Non-Incumbent Operators in the European Rail Freight Market

The recently published 9th Annual Market Monitoring Report of the European Regulatory Bodies has confirmed that the number of non-incumbent operators in the rail freight market is continuing to grow throughout the European Union.

ARA Welcomes New Government Funding for Australian Rail Sector

The Australasian Railway Association (ARA) has welcomed new rail funding that has been announced as part of the Australian government’s 11 May 2021 Federal Budget as the industry continues to support the nation’s economic growth and recovery.

China’s CRRC Confirms Plans to Install Locomotive Plant in Mexico

Chinese state-owned locomotive manufacturer CRRC has confirmed plans of establishing its Latin American headquarters in Mexico.
 
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