UPM and the Government of Uruguay have signed an investment agreement, which outlines the local prerequisites for a potential pulp mill investment.Read more
OAKLAND, CA, Nov. 11, 2015 (RISI) -North American forest products rail freight was up 0.8% in the latest week ending Nov. 7, 2015, from a year ago to 18,067 carloads, the Assn of American Railroads reported. Volume through 44 weeks of 2015 at 824,635 carloads was 0.2% under a year ago.
US forest products freight in the week was down 1.8% and year-to-date was 2.6% lower. Canadian volume in the week was up 4.1% and year-to-date was 3.8% higher. Mexico was up 30.2% in the week and 26% lower year-to-date.Read more
Claude Mongeau, president and chief executive officer of CN, said today Canada's trade agenda requires a policy framework that encourages and rewards continued investment in supply-chain capacity and innovation.Read more
WASHINGTON, DC, July 22, 2015 (Press Release) -The Association of American Railroads (AAR), leaders from its member railroads and economic experts today urged federal regulators to beware of upending numerous national economic goals if they choose to pursue re-instituting revenue caps on freight rail companies.Read more
SPRING, TX, May 27, 2015 (PRNewswire) -Union Pacific plans to invest $72 million in 2015 to improve Louisiana's transportation infrastructure. The company's multi-million dollar private investment will enhance employee, community and customer safety and increase rail operating efficiency. Freight railroads like Union Pacific operate on track built and maintained without taxpayer funds. Union Pacific's private investments sustain jobs and ensure the company meets growing demand for products used in the resurgent American economy.Read more
OAKLAND, CA, June 10, 2015 (RISI) -North American forest products rail freight was off 0.3% in the latest week ending June 6, 2015, at 18,984 carloads, the Assn of American Railroads reported.
Volume through 22 weeks of the year at 414,187 carloads was 2.1% higher than in 2014.
In the week, US forest products freight was down 0.8%, Canada was up 0.3% and Mexico rose 21.7%. Year-to-date US volume was down 0.9%, Canada was 7% higher and Mexico was 17.5% lower, AAR showed.Read more
DARIEN, CT, June 11, 2015 (Business Wire) -Genesee & Wyoming Inc. today provided a business update for the second quarter of 2015 and reported traffic volumes for May 2015.
Second Quarter 2015 Business UpdateRead more
IGGESUND, Sweden, June 10, 2015 (Press Release) -Iggesund Paperboard is expanding its services for Eastern Europe by establishing a new freight terminal in Riga, Latvia, and a sales office in Moscow to boost Russian sales. The newly established units are a step forward in Iggesund's long-term plan to cultivate its delivery services on a global scale.Read more
VANCOUVER, BC, May 15, 2015 (PRNewswire) -Claude Mongeau, president and chief executive officer of CN, said today Canada's trade agenda requires a policy framework that encourages and rewards continued investment in supply-chain capacity and innovation.Read more