The Incredible Bulk

Railroad Weekly Feb. 6, 2023

Inside This Issue  

·   The Incredible Bulk: Resilient Commodity Demand Boosting CP

·   Ferromex Rex: A Solid 4^th Quarter South of the Border

·   The Economy: Jobs Plentiful, but Rates Up, Consumers Concerned  

·   Loco Slow-Go: Progress Rail Sees “Muted” Locomotive Demand

·   Wicked Switch: CN Warns Ottawa Against Expanding Switching Regs  

·   Tools Down at Big Brown? Railroads Watching Strike Threat at UPS  

·   Train Strains Wane: Intermodal Truckers Say Rail Ops Improving  

Track Talk

“As I look out at 2023, with the broader macro environment certainly remaining uncertain, CP’s strong bulk franchise, our self-help business wins, and anticipated opportunities as part of CPKC have us in an advantageous position. My team is focused on staying close to our customers and selling the value of our service.”

-Canadian Pacific CEO Keith Creel