Ida’s Impact: Latest Supply Chain Updates, Monday, Aug. 30
Monday's news on Hurricane Ida and its impact on various sectors of the freight industry from reports by the FreightWaves reporters and market experts. This file will be updated throughout the day as more news comes in, so please check back.
Savage, Canadian Pacific Partner On Chicago-Area Transload Facility
Logistics and materials handling provider Savage has developed and is operating a transload facility at a Chicago-area Canadian Pacific rail yard to support the construction industry.
Kansas City Southern To Hold CN-KCS Merger Vote In September
Kansas City Southern shareholders will wait until Sept. 3 to decide whether they will approve the merger agreement with Canadian railway CN.
Rail Roundup: BNSF Reopens Intermodal Facility; KCS, Savage Plan Railport
BNSF reopens Memphis-area intermodal facility to meet increased demand
BNSF has reopened an intermodal facility in Arkansas to unlock capacity in the greater Memphis, Tennessee, area.
KCS Declines Canadian Pacific’s Revised, $31B Takeover Offer
Kansas City Southern's board of directors spurned Canadian Pacific's revised offer to acquire KCS, but it could also hold off on a vote that would seal KCS' commitment to merge with CN. <
85 Biggest Movers From Yesterday
Gainers
Fulcrum Therapeutics, Inc. (NASDAQ: FULC) jumped 125.3% to close at $18.77 on Tuesday after the company announced positive interim results from the Phase 1 trial with FTX-6058 in healthy adult volunteers.
US Class I Railroads To Feds: Don’t Blame Us
Much of the congestion occurring at intermodal rail terminals are ultimately related to factors beyond the control of the Class I railroads, and the railroads are doing all that they can to improve terminal throughput, assert the CEOs of U.S.-based Class I railroads to the Surface Transportation Board.