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CP Railway execs take aim at new US electronic braking rules
U.S. requirements for new braking systems on trains carrying flammable liquids would mean additional costs without any guarantee of improved safety, top executives at Canadian Pacific Railway said.
Adding electronically controlled pneumatic, or ECP, brakes is meant to reduce the pileup effect in the event of a derailment, but railway chief operating officer Keith Creel said the notion that they must be installed is not based on "valid science."
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Walmart moving into Target's old Cornwall, Ontario DC
Materials Management & Distribution
Walmart Canada has reached agreements to acquire one distribution centre, 12 store leases and one owned property formerly held by Target Canada, for an aggregate of approximately $165 million. The transactions are still subject to court approval.
The DC "is an excellent modern facility that is strategically located along Highway 401 in the Cornwall Business Park," said Mark Boileau, Manager of Cornwall Economic Development. "This acquisition should prove to be an asset to Walmart Canada's continued growth in Canada."
Keystone boosters turfed from office in bitumen's homeland
Prospects for the contentious Keystone XL pipeline proposed to connect Alberta's northern tar sands with U.S. Gulf Coast refiners has endured another brutal body check, this time from the home team. The province's brand-new, left-leaning government elected May 5 says it will cease its predecessor's long campaign of supplicating and bullying President Barack Obama for the pipeline's approval.
CMA CGM to run Cuban logistics hub
The world's No. 3 container line, CMA CGM, announced that it had made a deal with the government of Cuba and Cuban company Almacenes Universales to build a logistics hub at Mariel port as part of a huge infrastructure investment.
CMA CGM will help run the hub, which sits 30 miles west of Havana, for the warehousing of import and export goods, distribution of shipping containers and storage of both full and empty containers at the port.
Mongeau: Regulatory regime should encourage continued rail investment and innovation
Claude Mongeau, president and chief executive officer of Canadian National said that Canada's trade agenda requires a policy framework that encourages and rewards continued investment in supply-chain capacity and innovation.
Mongeau, speaking to the Vancouver Board of Trade, said: "The current review of the Canada Transportation Act affords the federal government a prime opportunity to affirm the commercial policies of the past 25 to 30 years that have produced a Canadian rail industry renowned internationally for efficiency, innovation and freight rates that are among the lowest in the world, based on a market framework and commercial principles.
US, Canada business ties strengthened via CSX intermodal terminal
CSX, along with partners from the government of the province of Quebec and the municipal administration of the City of Salaberry-de-Valleyfield, celebrated progress at its new Quebec-based intermodal facility in strengthening business ties between Canada and the United States.
"The project required close coordination between Salaberry-de-Valleyfield, the Quebec Ministry of Transportation and CSX, and is a perfect example of public officials and private industry working together to create jobs, improve the region's economy, reduce greenhouse gas emissions and establish more efficient trade corridors," said Oscar Munoz, CSX President and Chief Operating Officer.
NTSB: PTC would have prevented Amtrak train derailment
Positive train control was not installed on the track in Philadelphia where an Amtrak train traveling over 100 mph derailed, a member of the National Transportation Safety Board announced. At least seven people died and another 200 people were injured in the accident.
Amtrak has installed its PTC system, known as Advanced Civil Speed Enforcement System, on most of the Northeast Corridor, but it was not installed in the area where Train 188 derailed. Had a system been in place at that location, "this accident would not have occurred," NTSB Member Robert Sumwalt said at a press conference.
Tackling railway market power: Unleashing economic growth
The Hill Times
Canada's continued economic growth and economic security is critically dependent on its two major rail service providers. This is the view shared by the 18 industry association members of the Coalition of Rail Shippers, whose member companies represent over 75 per cent of the combined annual revenue of CN and CP. In order to serve both domestic and international markets, effective, efficient and reliable rail transportation is necessary.
Staggers Act was catalyst that revitalized rail, AAR's Hamberger testifies
The Staggers Act of 1980 was the catalyst that revitalized railroads, while ensuring they have the resources necessary to continue investing in the economy, Association of American Railroads President and Chief Executive Officer Edward Hamberger told a congressional panel.
During a hearing of the House Transportation and Infrastructure Subcommittee on Railroads, Pipelines and Hazardous Materials, Hamberger said the Staggers Act partially deregulated freight railroads, and served as an "economic catapult" that revived an industry on the brink of financial collapse.
EDF: Biggest downside to natural gas trucks is upstream methane
Heavy-duty trucks fueled by natural gas will deliver on their "widely promised climate benefits only if widespread emissions of heat-trapping methane across the natural gas value chain are reduced," says a new policy-analysis paper published in the American Chemical Society journal Environmental Science & Technology.
New Windsor-Detroit bridge to be named after Gordie Howe
Canada's Prime Minister Stephen Harper and Michigan Governor Rick Snyder announced the new $2 billion second crossing at Detroit-Windsor will be named the Gordie Howe International Bridge.
Gordie Howe is a hockey legend who played in the NHL for 26 seasons. He was number nine on the Detroit Red Wings and now, his name will bridge the two nations he lived in and entertained for years.
The idea for the name of the bridge came from the Ontario Trucking Association's David Bradley at a hearing in Lansing in 2010.
Costs up, freight down for Ontario carriers
Ontario carriers are reporting lower freight volumes and rates through the first part of 2015, however they remain relatively upbeat about business conditions.
That's according to the Ontario Trucking Association's Q2 business conditions survey. The survey found expectations going forward remain buoyant despite recent freight market weakness on both sides of the border, as well as unprecedented costs.
Belfast City hoping for an end to seat embargo
By Matt Falcus
Belfast City George Best Airport in Northern Ireland is hoping that an embargo on the number of seats it can sell will be lifted after an upcoming public inquiry. The current limit restricts the airport to selling a maximum of 2 million seats on flights to and from the airport. It was put in place in 2004 to protect local residents from the environmental issues and noise that a busier airport would potentially bring.
Optimism high as volumes grow
Air Cargo Week
In Spain, demand is being driven by exports and operators saw growth in 2014 with more this year. The Airports Council International Europe says the busiest by volumes, Adolfo Suárez Madrid–Barajas Airport, handled 90,788 tonnes in the first quarter in 2015, a year-on-year rise of 1.1 per cent on 2014. Barcelona-El Prat Airport handled 26,724 tonnes in Q1, a YOY increase of 8.2 per cent.
Air Canada goes for all-in pricing
In July North American customers of Air Canada Cargo will find their invoices slimmed down. Effective July 6 the airline will stop listing surcharges for fuel, security and traffic control (navigation) separately and quote a simplified, all-inclusive rate instead.
The simplified rate structure will apply to all shipments moved on Air Canada from any point in the Americas, covering domestic as well as transborder and international routes. It applies to general cargo as well as special services for perishables, hazardous materials and other types of freight that requite special handling.
Maersk Q1 profits up 57 percent
Denmark's Maersk Line, the world's largest container shipper, reported a 57 percent boost in first-quarter net operating profit after tax to $714 million.
The shipping giant transports about 15 percent of the world's manufactured goods, said any gains it made from lower fuel costs were offset by a decline in freight rates and volumes.
"If you look at the profitability of the container industry over the last five years...most companies have been lossmaking," said Nils S. Andersen, CEO of parent company Maersk Group, to CNBC.
Port of Montreal sees substantial upswing in container traffic in 2014
The year 2014 was marked by a substantial upswing in container traffic at the Port of Montreal, Quebec. The financial results followed. Up a significant 8 percent in the volume of cargo handled, this growth made it possible to cross the threshold of 30 million tonnes of cargo handled in a single year, said a port report.
"Given the slow global economic recovery that characterized 2014, we can state that our results are more than satisfactory," said Montreal Port Authority President and CEO Sylvie Vachon.
Maersk orders 10 newbuilds for more than $15 billion
Shipping giant Maersk Line is completing an order of 10 container megaships from Korea's Daewoo Shipbuilding and Marine Engineering Co. worth more than $1.5 billion, according to two inside sources.
It would be the first time since 2011 that Maersk Line has returned to the market for ships of this size. Back then, it placed an order with DSME for 20 so-called Triple-E ships, which carry more than 18,000 TEUs each. The last two vessels from that order will be delivered to Maersk by July 2015.
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