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Rail & Intermodal: Page 22

German Transport Union Calls on Members to Strike April 21

Strikes for better pay have gained momentum in recent months in Germany and other European countries, amid stubbornly high inflation and living costs.

Photo: Bloomberg

Global Supply Chains Are Operating More Efficiently, Report Finds

The report also found that global transportation costs have fallen below their long-term average thanks to lessening pressures on shipping, rail, air and road freight.

Photo: iStock.com/Nuthawut Somsuk

Brookfield Infrastructure to Buy Triton in $4.7bn Deal

Brookfield agreed to buy Triton International Ltd., the world’s largest owner of intermodal shipping containers, for $4.7 billion.

Photo: Bloomberg

FRA Seeks Re-evaluation of ‘Train Makeup’

The FRA said an analysis revealed several common themes among recent crashes, including that each one had 125 cars or more, and an empty car was the first to derail in all cases.

Photo: iStock.com/kojihirano

U.S. Department of Justice Sues Norfolk Southern Over Ohio Train Derailment

Meanwhile, it emerged that a team of government officials became sick while investigating the health effects of the toxic train derailment, when they visited the Ohio site earlier this month.

Wreckage remains at the site of the Norfolk Southern train derailment in East Palestine, Ohio, US, on Thursday, Feb. 16, 2023. Photo: Bloomberg

Ramaphosa Asks Ports Operator for Plan to End Logistics Crisis

The embattled company has struggled with major inefficiencies that have led to traffic being redirected to ports outside South Africa.

Photo: Bloomberg

Regulator: Moving Hazardous Chemicals by Train is Far Safer Than Trucks

Oberman led the transportation board in approving the $31 billion merger between Canadian Pacific and Kansas City Southern, which will have steep repercussions for Chicago-area communities, citing safety as one of the chief reasons.

Photo: Surface Transportation Board

Analyzing Data on Train Derailments

Federal data shows the number of derailments among major freight railroads has fallen sharply since 2000 but that the rate of derailments for some railroads has increased in more recent years.

The scene of the Feb. 3, 2023, train derailment in East Palestine in Ohio. Photo: Bloomberg

Norfolk Southern CEO Defends Stock Buybacks in Tense Senate Exchange

Democratic Senator Peter Welch of Vermont asked Norfolk Southern's chief executive officer Alan Shaw whether the rail company would pause the activity until it had fulfilled the commitments made to residents at the crash site.

Norfolk Southern Chief Executive Officer Alan Shaw Bloomberg

CSX’s New CEO Has a Big Idea for Railroads: Carry More Freight

Hinrichs said his desire to shake things up at 195-year-old CSX is about capturing the lost opportunity to increase shipments over the past decade and a half.

Photo: iStock.com/Different_Brian

Biden’s Antitrust Push Across Agencies Is Working to Block Deals

For decades, the Justice Department and FTC have taken the lead on competition issues, but a Presidential executive order called on industry regulators to engage in independent oversight of mergers, acquisitions, and joint ventures.

JetBlue and Spirit airplanes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida. Photographer: Eva Marie Uzcategui/Bloomberg

Canadian Pacific’s Merger With Kansas City Southern Is Approved

The new network could draw traffic away from U.S. West Coast ports to gateways in Canada and Mexico, and tens of thousands of shipments away from trucks, an environmental selling point for the combination.

A Kansas City Southern de Mexico Locomotive. Photo: iStock.com/pabradyphoto

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