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Some eastern US rail shipments restart after Helene

  • Spanish Market: Agriculture, Biofuels, Chemicals, Coal, Coking coal, Crude oil, Fertilizers, Freight, LPG, Metals, Oil products, Petrochemicals, Petroleum coke
  • 30/09/24

Some railroad operations in the southeastern US have resumed in the aftermath of Hurricane Helene, but major carriers warn that some freight may be delayed while storm-damaged tracks are repaired.

Rail lines in multiple states were damaged after Hurricane Helene made landfall on the northeastern Florida coast on 26 September as a category 4 storm and traveled northwards as a downgraded but still dangerous storm into Georgia, Tennessee, and the Carolinas. The storm left significant rain and wind damage in its wake, including washed-away roads, flooded lines, downed trees and power outages.

Eastern railroads CSX and Norfolk Southern (NS) said they are working around the clock to restore service to their networks.

Norfolk Southern said it had made "significant progress" towards its recovery with most major routes back in service including its Chattanooga, Tennessee, to Jacksonville, Florida, line as well as its Birmingham, Alabama, to Charlotte, North Carolina route.

Norfolk Southern said freight moving through areas that are out of service could "see delays of 72 hours".

Several of Norfolk Southern's other routes remain out of service, including rail lines east and west of Asheville, North Carolina, because of historic levels of flooding. There are multiple trees to remove along a 70-mile stretch from Macon, Georgia, to Brunswick, Georgia. And downed power lines are keeping the railroad's lines from Augusta, Georgia, to Columbia, South Carolina, and Millen, Georgia, out of service.

CSX said "potential delays remain" but did not provide specifics. However, the railroad said it had made "substantial progress" in clearing and repairing its network.

The railroad's operations in Florida have mostly reopened, as have rail lines in its Charleston subdivision, which crosses South Carolina and Georgia.

But bridge damage and major flooding has kept CSX's Blue Ridge subdivision out of service. A portion of the line running from Erwin, Tennessee, to Spartanburg, South Carolina, has been cleared, but CSX said "a long-term outage" is expected for other parts of the rail line.


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Biden will not stop port strike, hoping for deal


30/09/24
30/09/24

Biden will not stop port strike, hoping for deal

New York, 30 September (Argus) — US president Joe Biden said he is optimistic for a labor agreement between thousands of US dock workers and their employers, and that he would not block a strike expected to start 1 October. "I think they'll settle the strike," said Biden said over the weekend about the dispute between the International Longshoremen's Association (ILA) and United States Maritime Association (USMX) that could halt container traffic at many US east coast and Gulf coast ports. "[I] spoke with both sides… We support the collective bargaining effort." He ruled out the possibility of government intervention if the ILA were to strike "because there's collective bargaining, and I don't believe in [the] Taft-Hartley [Act]," referring to the 1947 law that curtails some union powers. The ILA and the USMX could not immediately be reached for comment. US ports and railroads have been preparing for a strike for many weeks , with much work expected to slow or stop ahead of the 1 October strike deadline. The strike is expected to have the greatest impact on products carried on container ships given the ILA's membership. Movements of dry bulk cargo, such as coal and grains, are expected to be less affected by a potential work stoppage, though there could be side effects from the congestion of other products being rerouted to ports not affected by the strike. Movement of crude, refined products and many petrochemicals are not expected to be interrupted by an ILA strike , but some polymers that are moved by container, including polyvinyl chloride (PVC), polyethylene (PE), and polypropylene (PP), could be disrupted . Republican member of congress had called on Biden to intervene in the dispute . Last week USMX filed an unfair labor practice charge against ILA with the National Labor Relations Board, accusing the union of "repeated refusal" to negotiate, but the board has not ruled on the request. By Gabriel Squitieri Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

US July ethanol output highest ever: EIA


30/09/24
30/09/24

US July ethanol output highest ever: EIA

Houston, 30 September (Argus) — US production of fuel ethanol in July set a monthly record at 1.09mn b/d as producers were incentivized by low feedstock prices amid robust demand. July output was up by 5.1pc from the previous month and 5.6pc higher than a year earlier, according to data released by the Energy Information Administration (EIA) on Monday. Output during the month was 2,000 b/d above the previous record set in August 2018. Low prices for corn feedstock, which arrived during the demand-heavy summer driving season for gasoline — a proxy for ethanol blending and demand — helped bolster production rates. Front month CBOT corn prices in July averaged 398¢/bushel, the lowest since September 2020 and 28pc less than a year earlier. Value for corn has been under pressure from healthy domestic crop yields. US supplied finished motor gasoline reached 9.3mn b/d, up by 177,000 b/d from June and about 300,000 b/d higher than a year earlier. Ethanol blending in July was 914,000 b/d – little changed over the month and from a year earlier. By Payne Williams Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Greek Corinth crude arrival momentum slows after fire


30/09/24
30/09/24

Greek Corinth crude arrival momentum slows after fire

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Ge buyers seek new supply, alternatives as demand rises


30/09/24
30/09/24

Ge buyers seek new supply, alternatives as demand rises

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