Rail

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Mitsui Rail Capital adds Rasmussen as a Director of Sales and Marketing

AJOT | March 24, 2021 | Intermodal | Rail

Railcar leasing company Mitsui Rail Capital, LLC (MRC) has added Jeff Rasmussen as a Director of Sales and Marketing and he joins the team with more than 30 years of rail experience – including more than 20 specifically in rail leasing. Rasmussen’s efforts will focus on territories including the Upper Midwest, Pacific Northwest and Western Canada.

Rail traffic for the week ending March 20, 2021

AJOT | March 24, 2021 | Intermodal | Rail

Blockbuster CP-KCS rail merger faces lengthy regulatory journey

Intermodal

Bloomberg | Top Story | March 23, 2021

Blockbuster CP-KCS rail merger faces lengthy regulatory journey

Canadian Pacific Railway Ltd.’s agreement to buy Kansas City Southern faces a long journey to win regulatory approval from a powerful federal agency that has managed to discourage consolidation in the industry with time-consuming reviews and stringent merger rules.

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CP Rail’s higher leverage puts pressure on risk spreads

Bloomberg | March 22, 2021 | Intermodal | Rail

Risk spreads on Canadian Pacific Railway Ltd.’s bonds are widening because the company’s plan to buy Kansas City Southern for $25 billion will push up debt ratios.

CP Rail’s CEO makes the $25 billion deal his mentor wouldn’t

Intermodal

Bloomberg | Top Story | March 22, 2021

CP Rail’s CEO makes the $25 billion deal his mentor wouldn’t

Canadian Pacific Railways Ltd.’s Keith Creel for years followed in the footsteps of his mentor, Hunter Harrison, an industry legend whose revolutionary efficiency strategy became the standard at all the major North American railroads.

Goldman, BMO to provide $8.6 billion bridge loan on CP Rail deal to buy Kansas City Southern

Bloomberg | March 21, 2021 | Intermodal | Rail

Bank of Montreal and Goldman Sachs Group have committed to an $8.6 billion bridge loan for Canadian Pacific Railway Ltd. to help finance the purchase of Kansas City Southern, according to a person familiar with the matter.

Canadian Pacific said near $25 billion Kansas City Southern deal

Bloomberg | March 21, 2021 | Intermodal | Rail

Canadian Pacific Railway Ltd. has offered to buy Kansas City Southern for $25 billion, according to a person familiar with the transaction.

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Sierra Northern Railway Team awarded nearly $4,000,000 to build Hydrogen Switcher Locomotive

AJOT | March 18, 2021 | Intermodal | Rail

The locomotive will show the potential of hydrogen fuel-cell technology to reduce transportation air pollutant and greenhouse gas (GHG) emissions.

Bumper crops and stable trade boost prospects for Brazil railway

Bloomberg | March 17, 2021 | Intermodal | Rail

Etihad Rail and Saudi Railway Company (SAR) to cooperate in the exchange of services and training

AJOT | March 17, 2021 | Intermodal | Rail

Rail traffic for the week ending March 13, 2021

AJOT | March 17, 2021 | Intermodal | Rail

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IMT and VTG partner to boost connectivity in rail freight

AJOT | March 16, 2021 | Intermodal | Rail

Intermodal Telematics BV (IMT) and VTG AG have agreed on a long-term partnership to extend the digitisation of VTG’s rail wagon fleet. The first step in this new arrangement will be the delivery of 15,000 of IMT’s CLT20-Ex main GPS units over the next 15 months, with the potential to substantially expand that number over the coming years. The solar powered CLT20-Ex enables unlimited wireless data transfer allowing for optimal accuracy, which is an ideal match for the high requirements in quality and safety that VTG sets in the field of telematics and information provision for its customers.

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Second new rail service in 7 days commences at the Port of Felixstowe

AJOT | March 15, 2021 | Intermodal | Rail

Hutchison Ports Port of Felixstowe is delighted to announce the start of a new rail service to the East Midlands Gateway (EMG), the second new rail service from the port in just seven days.

TRB continues collaboration with Hitachi on new UK rail project

AJOT | March 11, 2021 | Intermodal | Rail

OmniTRAX and Sandusky County Economic Development Corporation expand rail-ready sites program in NW Ohio

AJOT | March 11, 2021 | Intermodal | Rail

Intermodal

AJOT | Top Story | March 11, 2021

CG Railway launches new rail ferry

CG Railway (CGR) today announced the launch of the first of two new rail ferries. Part of a joint venture between subsidiaries of Genesee & Wyoming Inc. (G&W) and SEACOR Holdings Inc. (NYSE: CKH), CGR operates a U.S. Class III freight railroad transporting approximately 10,000 annual carloads of diversified commodities across the Gulf of Mexico.

Rail traffic for the week ending March 6, 2021

AJOT | March 10, 2021 | Intermodal | Rail

Exporters take unusual steps to ease container shortage

Intermodal

Bloomberg | Top Story | March 09, 2021

Exporters take unusual steps to ease container shortage

Some of the world’s biggest exporters in Asia are intervening to alleviate a shipping container shortage that jeopardizes their overseas trading.

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Digital CT booking portal Modility starts pilot operation

AJOT | March 09, 2021 | Intermodal | Rail

Modility starts operational service as a new booking site and marketplace for Combined Transport (CT). From now on, train operators can market their CT services via modility.com and freight forwarders can easily find and book them. The portal is the result of a cooperation between several market participants and aims at simplifying access to Combined Transport as a climate-friendly transport alternative. The initial start of Modility is supported by the Federal Ministry of Transport and Digital Infrastructure (BMVI) in the context of their 'Future Rail Freight Transport' funding program.