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Balanced Reporting. Trusted Insights.
Thursday, April 10, 2025
U.S. corn wet mills that produce key ingredients for food are seeing their opportunity for growth and a chance to steal back market share from China stifled because of persistent railroad delays that have become the focus of intense criticism on Capitol Hill and the White House.
The Surface Transportation Board, looking to end rail delays that have snarled agricultural shippers, ordered four major railroads on Friday to submit service recovery plans and to temporarily report biweekly on their progress in making improvements.
A coalition of farm and food industry groups is appealing to the Surface Transportation Board to take several steps that the organizations say could lower rail rates and ease shipping backlogs.
Major railroads are under attack by the ag industry, which says lack of personnel is hampering shipments and raising costs for companies forced to rely on secondary freight options.
After several months of deal-making between Kansas City Southern, Canadian National and Canadian Pacific railroad companies, KC Southern is again choosing to merge with Canadian Pacific in hopes of creating the first-of-its kind railroad from Canada to Mexico.
President Joe Biden is pushing new rail regulations that lower rates for ag shippers, but the railroads say the rules designed to spur competition among major railroads would increase their costs and ultimately backfire on customers.
The board of directors for Kansas City Southern decided to terminate its merger agreement with Canadian Pacific Railway in March for a new deal with Canadian National Railway.
The Surface Transportation Broad's fresh quorum is advancing a bevy of initiatives that ag shippers hope will spell more fairness in rail rates and fees.
President Donald J. Trump will address attendees of the American Farm Bureau Federation’s Annual Convention January 8th in Nashville, underscoring the importance of America’s agricultural sector.
