Mexico’s President Andrés Manuel López Obrador announced Nov. 8 that he will “require private rail companies that mostly carry freight to offer passenger service or else have the government schedule its own trains on their tracks,” according to an Associated Press (AP) report.
Union Pacific (UP) announced that it is introducing a new intermodal service connecting rapidly growing industrial markets in Mexico to areas of high demand in the Southeastern U.S. via Memphis, Tenn.
Union Pacific and BNSF were notified by U.S. Customs and Border Protection on Sept. 22 that rail traffic at the Piedras Negras, Mexico/Eagle Pass, Tex., border crossing on UP’s Eagle Pass Subdivision
Mexican railway operator Ferromex on Sept. 19 said it was temporarily suspending 60 trains on south-north routes because of an increasing number of migrants climbing aboard railcars and suffering injuries, according to news reports. On Sept. 20, some trains restarted service. Union Pacific and BNSF issued embargoes at Eagle Pass in Texas.
Illinois-based STG Logistics will expand its intermodal network by providing service into and out of the Canadian markets of Vancouver, Calgary, Edmonton, Winnipeg, Moncton and Halifax, the company reported Aug. 23. It
It turned out to be “much ado about nothing” or a political stunt, as some industry observers opined: On May 19, the government of Mexican President Andrés Manuel López Obrador (AMLO) deployed
Alstom announced on Sept. 22 that it has signed a contract renewal to “carry out preventive and corrective maintenance” on 186 locomotives of the Ferrocarril Mexicano (Ferromex) fleet for a period of five years, starting immediately.
Two first-quarter 2021 surveys of rail shippers on pricing and business outlook as well as equipment needs conducted by Cowen and Company analysts Jason Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Elliot Alper indicate that, compared with the previous quarter, Class I railroad customers are anticipating somewhat higher rate increases, and a slight decline in new railcar demand.
Rail shippers in fourth-quarter 2020 expected price increases of 3.2% (up 10bps sequentially), and their sub-group of railcar buyers raised order expectations modestly, according to two surveys conducted by Cowen and Company analysts Jason H. Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Elliot Alper.
Union Pacific (UP) has named Humberto Vargas Vice President-Mexico, Marketing and Sales, succeeding Bernardo Ayala. Ayala will take on a leadership position in Locomotive Distribution and Network Operations at the Class I railroad.