Greenbrier Daily Industry News

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Class I Railroads Work to Quickly Resume Operations

The U.S. operations of the Class I railroads are working to resume operations “immediately” now that a deal has been reached to avoid a strike by union members on Friday.

Rail Shippers Applaud Labor Deal, Seek Rapid Ratification

Before tentative agreement was reached, railroads had started halting some shipments to prepare for a potential strike.

We Haven’t Completely Dodged a ‘Disastrous’ Rail Strike, Rail Workers Say

Everyday Americans rejoiced Thursday morning when they learned a “disastrous” rail strike would be averted.

Incoming CSX CEO Talks About Improving Service, Engaging Labor

CSX will have a new president and CEO in a few weeks after the eastern U.S. railroad announced Thursday that automotive executive Joseph R. Hinrichs will assume those roles effective Sept. 26.

Ethanol Prices Fall As Tentative Railroad Agreement Averts Strike, Commodity Disruptions

Spot ethanol prices fell Sept. 15 as freight railroad companies and unions reached a tentative labor agreement.

U.S. Set to Ship Record Crude Into 2023 as Energy Crisis Deepens

U.S. crude sales overseas are set to hit fresh records through next year as American oil increasingly takes market share in Europe.

Equipment Influx Coming for Stressed U.S. Chassis Market

A veteran of the U.S. chassis market says “a lot more capacity” will be arriving into the sector to help relieve the shortages that have contributed to delays throughout the country’s supply chain.

U.S. Steel Says Accelerating Headwinds Eroding Metal Demand

U.S. Steel Corp., one of the largest steelmakers in America, warned investors that accelerating economic headwinds are eroding demand for the metal.

U.S. August Imports From Asia Defy Weakening Fundamentals

U.S. imports from Asia remained strong through August despite container shipping indicators normally associated with a drop in cargo volumes.

Mota-Engil, China’s CRRC Set to Win Monterrey Metro Contract

A consortium comprising Mota-Engil and Chinese state-owned locomotive manufacturer CRRC is poised to win a major contract in Mexico, building Monterrey’s metro lines No. 4, No. 5 and No. 6.
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