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Class I Railroad Executives Outline Plans to Bolster Rail Service

The ongoing theme of improving rail service as a means to capture market share away from trucking again appeared in comments from Class I railroad executives speaking at recent investor conferences.

STB’s Oberman Rips into Union Pacific CEO Vena

Outgoing Surface Transportation Board chair focuses on UP furloughs; at RailTrends, UP President pushes back.

Railcar Lease Rates Stay High Amid Supply Inelasticity

Roughly three-quarters of U.S. railcars are not owned by the railroads. Some are owned by shippers themselves, but a large portion are owned by companies that lease railcars to shippers.

North Dakota’s First-Ever Soybean Crushing Plant and Refinery is Open in Spiritwood

The state’s first-ever soybean crushing plant and refinery is open in Spiritwood. 

N.D. Opens Soybean Processing Plant for Renewable Diesel Oil

North Dakota’s renewable diesel industry took a giant leap forward as Lt. Gov. Tammy Miller and business leaders held a ribbon-cutting Nov. 14 opening the state’s first fully dedicated soybean-crushing plant that will make biofuel oil.

U.S. Hydrogen Tax Credit Rule Could Slip into 2024 Amid Debate Over Its Design-Sources

The Biden administration could push the release of a highly anticipated rule guiding the use of clean hydrogen tax credits into next year as Treasury officials struggle to resolve disputes between environmentalists and the industry over how “green” to make the incentive.

UAW Talks Near End with Ford and Stellantis Workers Backing Labor Deals

Union members at the two automakers joined those at GM in ratifying contracts that include 25 percent wage increases.
Greenbrier wishes you a Happy Thanksgiving!
GBX Economic & Industry Update – November 2023. “Economic & Industry Update”, a short video produced by GBX’s marketing team, featuring Mallory Moran and Jay Carter. Watch the video:

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