North American News
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The recently announced U.S. tariffs on vehicles and key components from all markets are expected to significantly disrupt global production. |
U.S. and Chinese officials have reached an agreement to roll back most recent tariffs and implement a 90-day truce in their trade war to facilitate further negotiations. |
Under the 90-day deal, the U.S. will lower its tariff on Chinese goods to 30%, down from 145%, while China will reduce its levy on U.S. imports to 10% from 125%. |
V6 Agronomy will establish an eastern Ontario, Canada, import hub at the CN-served Port of Johnstown on St. Lawrence Seaway. |
ExxonMobil is hoping to start construction of the plant as early as 2026 with facilities starting operation around 2031. |
Shell Polymers will use pyrolysis oil derived from recycled plastics to make polyethylene resin at its complex in Monaca, Pa. |
Dealmaking in the U.S. shale patch, which had been on a roller-coaster ride in the past few years, is at risk of grinding to a halt as a result of an oil price slump. |
World News
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Rail already plays a critical role in ensuring new cars can be moved out of automotive factories effectively. |
The new CEO is Markus Vaerst, who replaced Iris Hilb. She was appointed from 1 January 2023 and stepped down last month for personal reasons. |
The decline in freight traffic on the Russian railway network that has become apparent over the last year is becoming more pronounced. |