BLET News

(Source: Bloomberg, August 30, 2021) NEW YORK — Hurricane Ida forced Kansas City Southern to shut its main line in Louisiana and has halted exchanges between railroads in New Orleans, which may worsen delays in a U.S. shipping industry that is already stretched thin. Rail stocks fell. Full story: www.bloomberg.com Tuesday, August 31, 2021

(Source: BNN Bloomberg, August 30, 2021) MONTREAL — The investment firm founded by billionaire Christopher Hohn has increased its stake in Canadian National Railway Co., describing the railroad operator’s stock as “undervalued” and an “attractive investment opportunity” in a filing to the U.S. Securities and Exchange Commission on Monday. A regulatory filing also includes commentary…

(Source: Railway Age, August 26, 2021) NEW YORK — The Association of American Railroads (AAR) and the American Public Transportation Association have separately petitioned the Federal Railroad Administration (FRA) for an extension of existing waivers of compliance from certain provisions of rail safety regulations that FRA granted last fall relating to COVID-19. Full story: Railway Age…

(Source: Railway Age, August 25, 2021) NEW YORK — For the week ending Aug. 21, 2021, total U.S. rail traffic came in at 501,273 carloads and intermodal units, falling 2.6% from the same week last year, the Association of American Railroads (AAR) reported on Aug. 25. Full story: Railway Age

(Source: World Grain, August 24, 2021) KANSAS CITY, Mo. — The Surface Transportation Board this month posted notice of a National Grain Car Council meeting to be held virtually via Zoom on Aug. 26 from 1 p.m. to 5 p.m. CDT to discuss grain transportation issues, including the railroads’ readiness to transport the 2021 grain…