Canadian Pacific Kansas City and Teck Resources will conduct a pilot program starting in early 2024 in which coal used in steel production will be transported from Teck’s mines in southeastern British Columbia to western ports using CPKC’s hydrogen locomotives. The companies also said they have entered into a long-term rail service agreement that will…
Cargo airline Atlas Air on Thursday announced that Chief Commercial Officer Michael Steen will take over as CEO on June 15, replacing John Dietrich in line with the company’s succession plan, and that CFO Spencer Schwartz will retire the same day. A new chief commercial officer will be named after Steen, 56, is officially appointed…
Rail equipment manufacturers and rail car lessors see 2023 as a year of opportunities despite lower North American rail volumes in the first quarter. Here’s what officials said about the rail car market during recent earnings calls. Trinity Industries upbeat on rail car leasing market Trinity Industries is optimistic that pent-up demand to move volumes…
Wait times of up to eight hours are being caused by enhanced inspections of commercial trucks crossing the border from Mexico in South Texas. The Texas Department of Public Safety (DPS) is conducting enhanced inspections of all northbound commercial trucks at the Veterans International Bridge in Brownsville and the Free Trade International Bridge in the…
Cloud-based procurement platform GoodShip announced Thursday it has closed on a $5 million seed round co-led by Ironspring Ventures and Chicago Ventures with participation from previous investors including Fuse VC, Cercano Management and project44’s Jett McCandless. Including its previous seed round that closed in October, which involved several industry leaders including Stord founder Sean Henry,…