FINANCIAL EDGE, JANUARY 2022 ISSUE: It might be the meme of all memes, at least for the COVID-19 pandemic: Al Pacino’s iconic “Just when I thought I was out, they pull me back in!” right before collapsing from a diabetic stroke, sums up what Omicron feels like (collapse included).
United States Steel Corp. reported on Jan. 11 that it will build a $3 billion steel mill in Osceola, Ark., to be served by BNSF.
The open-top gondola car is one of the oldest freight car types. The first gondola cars in North America were developed in the 1830s, and used primarily to haul coal. Early designs were flat cars with wooden sides added; they were small—30 feet or less in length, and about 13 tons or less in weight. Now, nearly two centuries after the first gondola turned a wheel, this ubiquitous car type has reached a design pinnacle through a collaboration of The Greenbrier Companies, Inc., United States Steel Corp. and Norfolk Southern.
United States Steel Corp., Norfolk Southern (NS) and The Greenbrier Companies, Inc. have teamed to design a “sustainable, high-strength steel” gondola; NS will initially acquire 800 of the Greenbrier-engineered railcars, they reported on Dec. 9.
Fortress Transportation and Infrastructure Investors LLC (FTAI) has reported it will purchase United States Steel Corporation’s rail operating subsidiary, Transtar, LLC.