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Mexican Government Announces Deal with Grupo Mexico Over Seized Rail Line

Mexican President Andres Manuel López Obrador said Thursday that the government had extended a concession of rail operator Grupo Mexico’s Ferrosur unit for 8 years.

BNSF Details Role of AI in Major Projects

BNSF Railway Co. is using artificial intelligence to advance major projects, BNSF officials said in a blog post earlier this month.

NTSB Focuses on Hot-Bearing Detectors in May 10 NS Train Derailment

The National Transportation Safety Board yesterday released a preliminary report of its investigation into the May 10 derailment of a Norfolk Southern Railway train in New Castle, Pennsylvania.

BNSF’s Farmer to Receive Intermodal Industry’s Silver Kingpin Award

BNSF Railway Co. President and CEO Katie Farmer will be honored with the 2023 Silver Kingpin Award at this year’s Intermodal EXPO, the Intermodal Association of North America announced yesterday.

West Coast Container Ports Hit as Labor Talks Take Ominous Turn

Disruptions reported in LA, Long Beach, Oakland, Seattle, Tacoma, Hueneme.

Commodities Slide As Investors Bet on Economic Slowdown

Industrial malaise, particularly in China, is draining demand for energy and metals.

Saudi Arabia Cuts Oil Output After OPEC Members Clash Over Quotas

Saudi Arabia said Sunday it would cut 1 million barrels of oil a day as part of a deal between OPEC and its allies after one of the most contentious production meetings in recent years amid concerns over slowing global energy demand.
 
GBX Economic & Industry Update – Q2 2023: The 10th edition of “Economic & Industry Update”, a short video produced by GBX’s marketing team, featuring Mallory Moran and Jay Carter. Watch the video: https://www.gbrx.com/press-room/perspectives-updates/gbx-economic-industry-update-q2-2023/
 

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