Ground Freight

The Prime Minister, Mark Carney, announced on Thursday that his government will invest C$4.7 billion ($3.41billion) in Canada to build and maintain VIA Rail's passenger cars. This is the first time the company has built its cars domestically in 40 years. For the first time since four decades, VIA passenger cars will be assembled and produced in Canada. Cars that were previously built in the United States are now being built here in Thunder Bay by Alstom Canada," Carney said at a news conference in Thunder Bay. Carney stated that the investment will support 313 new-generation cars in Ontario and...

U.S. railroad Union Pacific collected more than $91.1 million in fuel surcharges during the second quarter compared to what it paid for fuel, a filing made with the Surface Transportation Board and first reported by. These excess surcharges increased Union Pacific's profits, highlighting criticisms from some shippers who believe that surcharges intended to recoup the rising costs of petroleum due to U.S.-Israeli war against Iran can be excessive. The only U.S. transport companies to report fuel costs as well as fuel surcharge revenues to regulators is railroads. This rare insight provides a unique look at how fuel surcharges improve company...

U.S. railroad Union Pacific made $91.1 million in fuel surcharges more than it paid out for fuel during the second quarter. This is according to an?company filing at the Surface Transportation Board, first reported by. These excess surcharges increased Union Pacific's profits, despite criticisms from shippers who believe that the surcharges are excessive. The only U.S. transport companies to report fuel costs as well as fuel surcharge revenues to regulators is railroads. This rare insight provides insights into how fuel surcharges improve company profits. Union Pacific has said that its fuel surcharge increases are in line with industry standards. STB...

Third Point, the hedge fund of billionaire investor Daniel Loeb, has taken a stake in Warner Bros. According to a Friday regulatory filing, Discovery took a stake in Warner Bros. during the second quarter. According to LSEG, the fund's position of 20,000,000 shares would make it one of the 20 largest investors in the media company. This is at a time when the $110 billion Paramount Skydance acquisition has been halted due to court challenges. Third Point is a long-time investor in the media industry. In 2022, it will push for changes at The Walt Disney Company. The New York-based...

Sinograin, a Chinese company, announced on Friday that it will auction 360,000 metric tonnes of imported soybeans on August 19. Industry experts believe that the state stockpiler is clearing out space for incoming U.S. soyabeans, as evidenced by its fourth sale since July. According to a?notice from the National Grain Trade Centre, a?sale is scheduled for 1:30 pm (0530 GMT) on Wednesday. It will include soybeans produced between 2022 and 2025. After a 'May summit between Donald Trump and Xi Jinping, China agreed to purchase 25 million tons of U.S. soya beans annually until 2028. Two traders in 'Asia' said...

Six U.S. railways and a pair of industry groups have lost their appeals against a new rule requiring many 'trains to operate with at least two crew members. This ruling was issued by the U.S. Court of Appeals, 11th Circuit. The Federal Railroad Administration has imposed crew requirements on freight railroads. This includes Union Pacific, Berkshire Hathaway's BNSF and other rail companies. This rule was enacted after organized labor fought for crew levels in the face of a heightened scrutiny on railroad safety, following a derailment that occurred in East Palestine, Ohio?in 2023, which caused cars containing toxic vinyl chloride...

Alexander Gusev said that a drone attack killed a person and injured two others overnight in the Voronezh region of 'Russia. Gusev, a Telegram user, said that Russia's air defense units destroyed 15 drones in the area of Voronezh. "A drone crashed caused fires in two warehouses of a large company. The fire at one warehouse has been contained within an area of 16 square meters. At the other, a fire covering 20,000 square metres is currently being put out. "Emergency Services are on the scene," said?the governor. He didn't identify the company that was affected. On?Tuesday?, Russian online retailer...

Berkshire Hathaway started reducing its huge?stockpile in the second quarter. It invested billions of dollars in stocks, including 'Alphabet, and purchased billions more of its own. Conglomerate announced on Saturday that it repurchased $4.5 Billion of its own shares in the second quarter, and another $3.3 Billion in July. This is an acceleration of repurchases begun in March after a two-year break. Between?April to June, it bought more than $20 billion in stocks. This marked the end of 14 consecutive quarters where stocks were sold at a loss. Berkshire added $10 billion to its already large investment in Alphabet, the...

I Squared Capital, a global infrastructure investor, will purchase Indonesian logistics and cold storage company Cella. This marks its entry into Southeast Asia’s largest economy, as it plans to expand a lot over the next 4 or 5 years. Harsh Agrawal, senior partner at Cella and based in Miami, said that the investor wants to increase Cella's cold storage and warehouse space from 231,000 square meters to approximately 1.5 million square meters. I Squared has announced that it will purchase the entire business of NWP Property, a Japanese logistics facility specialist and CRE. The financial terms of the deal were...

Sinograin, China's state-owned stockpiler, said it would auction 500,000 metric tons of?imported?soybeans this Friday. This will be the first sale of such a size since January. The market is expecting the state stockpiler free up space to receive U.S. soybeans. According to a notice issued by the National Grain Trade Centre, this sale is scheduled for 1:30 pm (0530 GMT) and will offer 504,000 tons of soybeans that were produced between 2022-2025. The 'auction' is probably to clear storage space in preparation for the purchase of 25 million metric tonnes of U.S. soya beans, said Johnny Xiang of AgRadar Consulting....

Canada is experiencing more wildfires now than in mid-July of the previous two years, and the area that has been burned has increased compared to the year 2025. The majority of fires are located in remote parts of central provinces such as Manitoba, Saskatchewan, and Ontario. In recent years, wildfires have affected remote indigenous communities disproportionately. Indigenous Services Canada reported that 1,600 people had been evacuated due to fires in First Nations communities as of July 15, 2015. CBC News reported that the Namaygoosisagagun First Nation in northwestern Ontario, also known by its former name Collins First Nation was evacuated...

Ontario asked for federal assistance on Thursday to evacuate people from remote northern communities that were ravaged by wildfires. Smoke brought poor air quality to Toronto and the Northeastern U.S. Canada now has more active fires than in the previous two years, and has a larger burned area compared to the year 2025. The majority of fires are located in remote parts of central provinces such as Manitoba, Saskatchewan, and Ontario. Jill Dunlop said that Ontario's Minister of Emergency Preparedness, Jill Dunlop stated on X, "In response the the significant threat of wildland fires in the north of Ontario, the...

Gregor Stuart Hunter gives us a look at what the future holds for European and global markets. The summer is officially over. Buckle up! Carry trades are starting to fail as the markets expect a path of rate increases from the Bank of Japan. The?Japanese?currency?traded as much as 1 percent firmer at 152.89. This is its highest since February. Just weeks after it hit a four-decade low, the U.S. government and Japanese authorities intervened to stabilize the currency. The yen was also boosted by data released on Wednesday showing that Japan's economy expanded faster than originally estimated from the previous...

A Russian regional official stated that self-driving vehicles and drones could be used to transport goods between China and Russia's Far East. The brisk trade across the border has prompted a search for?new forms of cargo transportation?to avoid congestion. The Amur region of Russia, which?shares? a long border between China and Russia, is developing trial programmes with Chinese authorities in partnership, said the deputy chairman of the regional government, Pavel Puzanov. He was speaking at a business conference in Kazan. China is providing a lifeline for Russia's economy after it was sanctioned following the invasion of Ukraine by Russia in...

Azerbaijan's government expects the freight volume along the "Middle Corridor", a trade route, to rise 17% this year to 5.5 million tons before rising to 7 million tons in 2027. The Trans-Caspian International Transport Route, also known by the name of the corridor, connects China to European countries via Kazakhstan and Azerbaijan. It also passes through Georgia, Turkey, and Georgia. Containers containing clothing, electronics, and other consumer products, as well grain, coal, ore and fertilisers are transported along this route. The corridor, with its annual capacity of over 15 million tons is still a tiny part of the rail traffic...

These are the most popular stories in the Wall Street Journal. The?has not?verified these stories and?does not?vouch for their accuracy. Union Pacific has struck a deal with Canadian National Railway in which it will give Montreal Railway more access to the Midwest, in exchange for the company ending its opposition to Norfolk Southern's merger with the American railroad. After the companies made concessions in relation to film distribution, the European Union has approved Paramount's $81 Billion bid to purchase Warner Bros Discovery. IBM CEO Arvind Krsna urged the company to shift its sales force away from large licensing deals and...

Four industry sources have said that the London Metal Exchange may ease rules to boost Hong Kong's status as a "metals location", including allowing aluminium storage outside. This is in line with China's "drive" for greater influence on global metals markets. Hong Kong was designated as an LME warehouse in July 2025. However, very little metal has actually been deposited since then. Two sources claimed that HKEx executives asked warehouse companies to remove any barriers in order to make Hong Kong a viable storage location. In a consultation paper published in March, the 149-year old LME suggested outside storage for...

Four industry sources have said that the London Metal Exchange is looking at easing its rules to promote Hong Kong as a "metals location". This is in response to China's desire for greater control over global metals markets. Hong Kong became an LME warehouse in July 2025. However, very little metal was deposited since then. Two sources claimed that HKEx executives asked warehouse companies to remove any barriers in order to make Hong Kong a viable storage location. In a consultation paper published in March, the 149-year old LME suggested outside storage for aluminum "on a site-by-site basis". Four sources...

South Korean media reported that the industrial action of South Korean truckers tasked with transporting concrete could delay major expansion projects at semiconductor 'plants by SK Hynix and?Samsung Electronics. The National Ready-Mixed Concrete Transport Workers' Union has suspended deliveries throughout the Seoul metropolitan region starting Monday. It said that this work stoppage would affect?around 8,000 members, as they demanded higher rates and other changes. The Chosun Ilbo reported that the participating union members blocked deliveries from?two cement plants in Pyeongtaek on Thursday, stopping the pouring concrete at the site of Samsung Electronics's chip plant. According to South Korea's Newsis, citing...

A senior official revealed that the Africa Finance Corporation, the lead developer of the U.S.-backed Lobito mineral transport corridor, is in discussions with at least 10 African and foreign financiers including Citigroup to raise $3-5 billion for this project. The AFC has begun preparing for the construction of a key transport project, which will combine existing and new railway lines to link copper and cobalt mining areas with?Angola’s Atlantic port of Lobito. The project is a part of Washington’s effort to curb Chinese influence and secure access to strategic metals, minerals, and coal in Africa. AFC is currently in discussions...

Standard Chartered Bank announced on Tuesday that it had successfully arranged a $2.33billion syndicated finance facility?for a Standard 'Gauge -Railway?Project?in Tanzania. The money will be used to finance two stretches on a planned 1,219 km rail line linking the port and commercial capital of Dar es Salaam with?the lakeside town of Mwanza. The bank said that Yapi Merkezi, a Turkish company, and China's China Civil Engineering Construction Corporation would be responsible for the work. The bank added that funding was obtained from commercial banks, export credit agencies and development finance institutions. The bank said: "The construction of the Standard Gauge...

A source said that?truckers blocking access to the terminal in Argentina's Quequen port, who were demanding higher freight rates, caused at least 10 vessels to be delayed on Tuesday. Source: "No trucks entering with grain. We are completely paralyzed." Source: The protest was'staged by truckers camped along the road leading to the port. They are blocking grain trucks from passing while they negotiate tariff increases with grain storage companies and farm producer groups,' the source stated. In 2025, Quequen in the Buenos Aires province loaded 2.4 millions metric tons (that's 20%) of soybeans, which is equal to the oilseeds exported...

CME Group, the U.S. commodities trading exchange, has approved its first base metal storage facility in Hong Kong. This is a move to expand its warehousing footprint in Asia. CME said in a Friday statement that it had approved GKE Metal Logistics’ application to store aluminium, lead and deliverables against Comex aluminium futures and lead 'futures' in the Chinese Special Administrative Region. The statement stated that the GKE site has a storage capacity of 6,500 metric tonnes for both aluminium and lead. In 'February, it was reported that the CME would?approve the storage facilities in Hong Kong and Taiwan in...

Senior officials have said that South Korea may extend driving restrictions to the public if global oil prices continue to rise. This is because authorities are trying to curb energy demand amid supply constraints due to the U.S./Israeli war against Iran. Finance Minister Koo Yon-cheol'said 'on Sunday that the government may expand restrictions on the use of passenger cars beyond public institutions if oil prices increase to $120-$130 a barrel, from the current range of $100-$110. The policy, if it were to be extended to all citizens, would mark the first national driving restrictions since 1991, when the government implemented...