Domestic News
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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 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. |
The activity involving Kansas City Southern and its two potential merger partners, Canadian Pacific and CN, took yet another turn late on May 13. |
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 Enterprises, Inc., has acquired the Toggle-Lock™ gravity gate product line for covered hoppers from Davanac, Inc., a division of The Railway Supply Group. |
The “Freight Mobility: Strengthening America’s Supply Chains and Competitiveness” hearing was held May 11. |
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 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. |
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. |
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
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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. |
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. |
Chinese state-owned locomotive manufacturer CRRC has confirmed plans of establishing its Latin American headquarters in Mexico. |