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Pipeline projects such as Keystone XL have encountered delays because of environmental concerns, but that has had the unintended effect of pushing oil producers towards rail.
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Michael W. Sutherlin, the president and chief executive officer of mining equipment maker Joy Global Inc., will retire at the end of the year, the company said.
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Morgan Stanley analysts see the trend of "crude by rail" growing in the next two years as domestic oil output ramps up, although they said the trend is unlikely to threaten pipelines in the long term.
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The fragmented steel service center industry must consolidate further to combat overcapacity issues, which dilute the sector’s purchasing power, industry executives said this week.
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The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) have taken another step toward a new master contract covering 15,000 workers at 14 major East and Gulf coast ports after both groups approved a tentative agreement March 13.
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Timken Co. has purchased Interlube Systems Ltd. as part of its continued push to diversify into new markets, the steel and bearings manufacturer said.
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Shipping scrap by rail poses a variety of challenges, and some new stumbling blocks could emerge in the near future, an executive at one of North America’s largest providers of rail products and services said.
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A machine at service center chain Olympic Steel Inc.’s Bettendorf, Iowa, facility caught fire in the early hours of March 12, according to the city’s fire department.
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Global automotive sales are expected to rise 3 percent this year even though the ongoing European debt and austerity crisis will continue to dampen demand in the region, according to an executive of an automotive market intelligence firm.
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Precision Castparts Corp. (PCC) has received the green light from the U.S. government to complete its previously announced purchase of aerospace forgings producer Unison Engine Components Inc. from General Electric Co., according to a Federal Trade Commission (FTC) document.
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Shelton, Conn.-based electrical and electronic products manufacturer Hubbell Inc. has been identified as the buyer of Tulsa, Okla.-based exothermic welding products manufacturer Continental Industries Inc.
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Ferrolux Metals Co. of Michigan LLC has added a second cold-rolled slitting and inspection line at its Detroit facility.
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General Motors of Canada Ltd. will invest $250 million to install flexible body shop equipment and tooling in its CAMI assembly plant in Ingersoll, Ontario.
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Primary metal producers shed 2,900 jobs in February, with employment dipping 0.7 percent, following the loss of only 100 jobs in January, U.S. Bureau of Labor Statistics data show.
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KSM Castings Group GmbH is looking to benefit from expected strong long-term demand growth for aluminum automotive castings in the United States with its new facility in Shelby, N.C.
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The gap between iron and steel mill product imports and exports fell 12 percent in January vs. December as imports exceeded exports by just $574 million, according to U.S. Bureau of Economic Analysis data.
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BNSF Railway Co. will begin testing a small number of locomotives using liquefied natural gas (LNG) as an alternative fuel later this year, chairman and chief executive officer Matthew K. Rose said March 6 at the IHS CERAWeek 2013 conference in Houston.
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Deere & Co. has named SSAB AB a partner-level supplier for 2012 for its steel plate and ultra-high-strength steel sheet, the Swedish steelmaker said March 7.
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Metals distributor and processor O’Neal Steel Inc. has promoted Ryan Burdine to regional operations manager for the southern region.
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FreightCar America Inc. has subleased roughly 25 percent of Navistar International Corp.’s Cherokee, Ala., manufacturing facility.
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Class 8 truck and engine builder Navistar International Corp. plans to reduce its headcount and improve quality as it ramps up production on new models this year, Navistar executives said on a March 7 earnings call. But a persistent shortage of truck drivers and stricter regulations on U.S. carriers may cast a pall on future orders, they said.
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The Commerce Department’s International Trade Administration and U.S. and Foreign Commercial Service are organizing an auto supply chain trade mission to Mexico for Sept. 23 to 26.
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Ducommun Inc. said stretchouts, rather than outright defunding, are a more likely result of the U.S. federal budget sequestration, although the company is taking a wait-and-see approach.
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As many as 10 Amsted Rail Co. Inc. employees were injured March 7 following an explosion at the Chicago-based company’s Granite City, Ill., foundry, with two men listed in critical condition.