The completion of the Savannah harbor deepening project was recognized by a ceremony attended by dignitaries, as has been the case with many other significant milestones. The governor of Georgia, Brian Kemp, stated at the celebration on Friday that it was a "wonderful day for the state of Georgia and...
Wabtec and Norfolk Southern will modernize 300 NS locomotives
Norfolk Southern intends to modernize 300 more locomotives with the assistance of Wabtec as part of a larger effort to reduce carbon emissions and improve fuel efficiency. Wabtec (NYSE: WAB) has already modernized 500 NS (NYSE: NSC) locomotives, both companies announced in August. Wabtec will have modernized over 950 NS...
Why hasn’t the Russia-Ukraine conflict sparked crude tanker rates?
Historically, wars involving oil producers cause tanker rates to skyrocket. A month into the Russia-Ukraine conflict, most crude tanker rates remain pitifully low. Product tanker rates are rising, but not dramatically so. "The immediate knee-jerk reaction was: Disruptions create market strength," Evercore ISI analyst Jon Chappell said. "We saw that...