Greenbrier Daily Industry News

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Norfolk Southern to Purchase Assets of the Cincinnati Southern Railway

Norfolk Southern Corporation announced today the execution of a purchase agreement under which the company's operating subsidiary, Norfolk Southern Railway Company, will acquire substantially all of the assets of the Cincinnati Southern Railway.

2 Unions Split Votes on Rail Labor Agreement

The two remaining railroad unions to vote on whether to ratify their labor agreements have split their votes, increasing the possibility that a rail strike could occur in December.

UP to Lift Demurrage Caps at Seven Inland Terminals

Union Pacific Railroad will no longer cap storage fees at seven inland ramps beginning next week, citing declining import volumes on the West Coast that has restored more typical cargo flow.

Class I Briefs: BNSF, CN/CP, UP

BNSF is wrapping up several major capital projects to boost capacity and operational efficiency.

Steel Dynamics to Invest $2.5B at KCS’ Infinity Megasite

Steel Dynamics, along with its subsidiaries and partners, will invest $2.5 billion into a new aluminum flat rolled facility and biocarbon plant at the Infinity Megasite.

Mobile’s Breakbulk Dockworkers to Strike Tuesday After Talks Halted

The Port of Mobile’s breakbulk dockworkers will go ahead with a strike against stevedoring firm CSA Equipment after a month-long cooling period failed to produce a new contract.

Cargill Names Brian Sikes As Chief Executive

Agribusiness company promotes its chief operating officer to CEO role; current CEO David MacLennan will become executive chairman.

Automotive Supply Chains Are on a Long Road to Recovery

There are signs of recovery in the embattled automotive supply chain, but true relief is still a few years away.
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