Archive for July 2020
RRB not investing in questionable Chinese companies
INDEPENDENCE, Ohio, July 15 — The U.S. Railroad Retirement Board (RRB) advised the White House on July 8 that it is not investing railroad workers’ money in questionable companies headquartered in the People’s Republic of China. On July 7, the Chairman of the RRB received a letter from White House officials expressing concerns over the…
Read MoreStudy shows major diversion of freight from rail to roads if bigger trucks allowed
(Source: Progressive Railroading 07/14/2020) A new report commissioned by the Coalition Against Bigger Trucks (CABT) highlights how legislation allowing bigger and heavier trucks on the nation’s highways would result in a “major diversion” of freight from rail to roads. The study shows some scenarios in which intermodal traffic would be reduced by 20 percent to 25 percent…
Read MoreRail car manufacturer Greenbrier scales down during pandemic
(Source: Freight Waves, July 13, 2020) CHATTANOOGA, Tenn. — Railcar manufacturer and lessor Greenbrier (NYSE: GBX) has cut its North American workforce by 40%, limited its production capacity and idled manufacturing at its flagship facility in Oregon, all to survive the storm brought about by the coronavirus pandemic and the recession. Full story: Freight Waves Tuesday,…
Read MoreU.S. shale oil output to fall in August
(Source: S&P Global Platts, July 13, 2020) HOUSTON — U.S. shale oil production will fall to 7.49 million b/d in August, down 56,000 b/d from July and the lowest in two years, the US Energy Information Administration said July 13. Full story: S&P Global Platts Tuesday, July 14, 2020
Read MoreRailroad helps NASA shoot for the moon
(Source: Progressive Railroading July 2020) By Julie Sneider, Senior Associate Editor After the Space Shuttle program was retired in 2011, the Kennedy Space Center (KSC) sold off most of the NASA Railroad’s rolling stock, including its three locomotives. The inventory reduction made it unlikely the railroad — which hauled the large solid rocket boosters used in the Shuttle program —…
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