Intermodal

Creel to Trudeau: “The Time For Rhetoric Has Passed”

Canada’s railroads, and by extension the Canadian economy, are suffering from the blockades that First Nations peoples have been imposing since early February in protest of planned natural gas pipelines. The effect on the Canadian economy runs in the hundreds of millions of dollars per day, according to calculations by railroad economist and Railway Age Contributing Editor Jim Blaze (see below). Canadian Pacific President and CEO Keith Creel has called upon Prime Minister Justin Trudeau to honor First Nations leadership’s request to engage in a dialogue.

Bentley Opens Nominations for Year in Infrastructure 2020 Awards

Bentley Systems Inc. recently announced its call for nominations for the Year in Infrastructure 2020 Awards program. The awards, which are judged by independent juries of industry experts, recognize infrastructure projects for digital innovations that improve project delivery and/or asset performance. The deadline for nominations is May 1, 2020.

Stonepeak Acquiring TRAC Intermodal

Stonepeak Infrastructure Partners has entered into a binding agreement to acquire intermodal infrastructure provider TRAC Intermodal (TRAC) and its subsidiaries from investment funds managed by an affiliate of Fortress Investment Group LLC. “The transaction will provide Stonepeak with an industry leader to strengthen its infrastructure and transportation market portfolio and TRAC with a new sponsor and support for future growth,” Stonepeak said. “TRAC’s existing management team will continue to run the business in their current capacities.”