Domestic Market Updates –
Diesel Update: The average price of diesel decreased by 7.8 cents a gallon, putting the average price of diesel at $3.553 per the U.S. EIA.
Rail: Canadian Pacific Kansas City (CPKC) and CSX will launch a new intermodal service linking Mexico to the Southeastern U.S. by the end of the year, per the JOC. This follows approval from U.S. regulators for their acquisitions of two segments of a regional rail line in Alabama and Mississippi.
[Labor]: Port of Montreal:
Dockworkers (Longshoremen’s Union Local 375, approx. 1,200 members) at the Port of Montreal have initiated an overtime strike. According to a press release from the Port, the strike began October 10th. The workers will refrain from working any overtime for an indefinite duration.
Earlier, the dockworkers held a three-day strike (Sept. 30th – Oct. 2nd) at two container terminals at the port. Their previous contract expired December 31st, 2023.
Intermodal: Due to significant damage from Hurricane Helene, Norfolk Southern’s line between Asheville, North Carolina and Newport, Tennessee will be out of service until at least late January 2025, per a press release. NS was able to reopen all their main routes within 72 hours after Helene made landfall.
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