Rio said it had struck a deal with Guinea and the Winning Consortium Simandou to develop the 600 kilometers of rail lines needed to transport the iron ore.
The organization said that it took a $416 million charge against its Q2 2023 earnings to cover the estimated ongoing clean-up costs of the derailment site.
Under the proposed transactions, CPKC and CSX would each acquire or operate portions of Meridian & Bigbee Railroad (MNBR), a railway in Alabama and Mississippi owned by G&W.
The new feature eliminates the need for a lengthy letter of authorization process as well as separate transactions for ocean and rail freight tracking.
The latest news, analysis, services and systems regarding rail and intermodal transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As rail and intermodal cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using rail and intermodal shipping solutions to power their supply chains.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.