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Posts published in October 2018

Iowa Interstate Railroad orders new GE locomotives

The locomotives will be produced in early 2020. Photo – ge.com Iowa Interstate Railroad Ltd. (IAIS) will acquire three new Evolution Series locomotives from GE Transportation, the railroad announced yesterday.The locomotives will be produced in early 2020 and used to transport grains, ethanol, metals and other commodities across Iowa Interstate's network between Chicago and Omaha,…

Retailers applaud new trade agreement

Rail News Home Federal Legislation & Regulation 10/2/2018 Rail News: Federal Legislation & Regulation Retailers applaud new trade agreement The NRF will review the pact's details "to ensure it promotes U.S. economic growth and maintains access to the products American families need at the prices they can afford," said NRF President and CEO Matthew Shay.…

U.S. East Coast refiners cash in by the trainload on Canadian oil

NEW YORK/VANCOUVER, Oct 2 (Reuters) - U.S. East Coast oil refiners are ramping up rail deliveries of crude from Western Canada, grabbing stranded barrels that full pipelines have driven to a record discount. That trend is expected to accelerate, as prices will remain weak, with no new Canadian export pipelines expected until late 2019. Rail…