Increased pressure on North Dakota crude oil producers is “finally” putting the brakes on Bakken crude production, writes RBN Energy LLC analyst Sandy Fielden in Is It All Over Now? Producers Lose Their Appetite For Bakken Crude Output.
Intermodal experienced a modest gain of nearly 5% for the week ending March 5, 2016, offsetting an 8% drop in carload traffic compared with the same week in 2015, the Association of American Railroads reported on March 9.
Railway Age at REF 2016: The freight car finance and leasing market is challenging, given current economic conditions, but is relatively robust, based on information shared at the 30th annual Rail Equipment Finance conference at the La Quinta Resort in Palm Springs, Calif.
Tunneling for Toronto’s Eglinton Crosstown LRT project is in the home stretch, with completion scheduled for fourth-quarter 2016.
Canadian Pacific and the City of Vancouver on March 7, 2016 jointly announced that they have agreed to terms for the sale by CP of the Arbutus Corridor to the City for $55 million.