Images Courtesy of Infinity Transportation

North American Rail Craves Stability. A New Year’s Resolution to That Effect Might Be in Order

FINANCIAL EDGE, RAILWAY AGE JANUARY 2023 ISSUE: There is a reason why John Lennon wrote songs and Financial Edge is a column. Perhaps a restatement of what Rolling Stone noted about the Maroon 5 version of “Happy Xmas (War is Over)” is in order: Quickie quiz: Are you John Lennon? No! Are you Yoko Ono? Also no! The next question should be easy: On what planet are you qualified to remake their classic “Happy Xmas (War Is Over)”? Not this one!

Nucor’s new micro mill will produce rebar, which is used primarily in concrete reinforcement for the construction of roads, buildings, bridges and other structures. The manufacturer’s steel bar products are said to contain 97% recycled content. Photo Credit: Nucor

For Nucor, New N.C. Micro Mill

Industrial steel manufacturer Nucor Corporation plans to build a $350 million rebar micro mill in Lexington, N.C., to be served by Winston-Salem Southbound Railway, which is jointly owned by Norfolk Southern (NS) and CSX.

Schaefer Promoted to President, DJJ

The David J. Joseph Company (DJJ), a Nucor Corp. subsidiary, has promoted Mark Schaefer to President, succeeding Craig Feldman. Feldman will continue as a Nucor Executive Vice President, based in Charlotte, N.C.