Prime Minister Mark Carney announced new federal measures to support Canada’s lumber industry, including CA$500 million in loan guarantees, AP reported.
News in transportation
Canadian Rail Carloadings Slip in September
Canadian railways moved 31.3 million tons of freight in September, down 0.7% from a year earlier, as cross-border traffic fell sharply.
CPKC Reaches Tentative Labor Agreement With Locomotive Engineers
CPKC said it reached a tentative agreement with the Brotherhood of Locomotive Engineers and Trainmen covering about 300 US locomotive engineers, pending ratification.
Norfolk Southern Reaches Five-Year Agreement With Signalmen
Norfolk Southern reached a five-year collective bargaining agreement with the Brotherhood of Railroad Signalmen, covering 970 workers and raising pay 18.8%.
CPKC Reaches 13 New US Tentative Collective Bargaining Agreements
CPKC announced 13 new tentative five-year labor agreements with US unions representing carmen, clerks, maintenance, and other rail workers across 10 states.
Union Pacific Locomotive Engineers Ratify Five-Year Contract
Union Pacific locomotive engineers ratified a new five-year contract providing wage increases and improved benefits, Reuters reported.
Union Pacific to Buy Norfolk Southern in $85 Billion Deal
Union Pacific and Norfolk Southern announced an agreement to create America’s first transcontinental railroad.
Union Pacific and Norfolk Southern May Announce Merger as Early as This Week
Bloomberg sources report that Union Pacific and Norfolk Southern could announce a tentative merger agreement as early as this week, according to FreightWaves.
Canadian Railroad Volume Trends Higher in May
Overall gains were partially offset by a 13.2% year-over-year drop in lumber loadings, the seventh straight month of annual declines.
Union Pacific Exploring Acquisition of Norfolk Southern
Union Pacific is exploring a potential acquisition of Norfolk Southern to create a $200 billion coast-to-coast rail network, Reuters reported.