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Union Pacific cost cuts sheltered profit amid freight slowdown

23 hours ago DieselGasoil Comments Off on Union Pacific cost cuts sheltered profit amid freight slowdown
(Reuters) – Union Pacific Corp (UNP.N) on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised rates to overcome disruptions from record floods in the Midwest and ongoing U.S.-China trade tensions. FILE PHOTO: Locomotives at Union Pacific’s Engelwood rail yard wait to return to service Read More

Pacific Ethanol Pekin Extends Credit Agreements with CoBank

4 days ago DieselGasoil Comments Off on Pacific Ethanol Pekin Extends Credit Agreements with CoBank
SACRAMENTO, Calif., July 15, 2019 (GLOBE NEWSWIRE) — Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in the United States, reported it has extended the terms of its credit agreements with CoBank, ACB. Pacific Ethanol Pekin, LLC (“Pekin”), an indirect wholly-owned subsidiary of Pacific Ethanol, Read More

Storm Barry’s threat to New Orleans heightened by climate change: scientists

1 week ago DieselGasoil Comments Off on Storm Barry’s threat to New Orleans heightened by climate change: scientists
NEW ORLEANS/WASHINGTON (Reuters) – Tropical Storm Barry, which is expected to flood New Orleans and threaten lives along the Mississippi River, is being fueled by warmth in the Gulf of Mexico that was likely exacerbated by climate change, scientists said on Friday. A view of the Mississippi River as Tropical Storm Barry approaches land in Read More

After brutal spring floods, U.S. farmers face big losses

2 weeks ago DieselGasoil Comments Off on After brutal spring floods, U.S. farmers face big losses
DARKE COUNTY, Ohio (Thomson Reuters Foundation) – The planting season ended more than a month ago, but much of 39-year-old Greg McGlinch’s 450-acre farm in Darke County, Ohio, is either under water or still saturated from record spring rains. Together with his father, McGlinch, a fifth-generation crop farmer, planted 120 acres of corn this year Read More

Locked out of China, U.S. pork producers sniff out new buyers

3 weeks ago DieselGasoil Comments Off on Locked out of China, U.S. pork producers sniff out new buyers
CHICAGO (Reuters) – U.S. hog farmers lost hundreds of millions of dollars in export sales to China and Mexico after President Donald Trump launched his trade wars last year. FILE PHOTO: Young pigs feed in a pen at a hog farm in Ryan, Iowa, U.S., May 18, 2019. REUTERS/Ben Brewer/File Photo But the sector has Read More

Murder suspect slashes own throat during trial

3 weeks ago DieselGasoil Comments Off on Murder suspect slashes own throat during trial
By Tom Gillespie, news reporter A man accused of killing and dismembering a 24-year-old woman slashed his neck and fell from his wheelchair during his murder trial. Aubrey Trail and Bailey Boswell have been charged with first-degree murder following the death of Sydney Loofe in 2017. Just before harming himself in court on Monday, Trail Read More

Wall Street takes on long-term care payouts as insurers balk at costs

1 month ago DieselGasoil Comments Off on Wall Street takes on long-term care payouts as insurers balk at costs
NEW YORK (Reuters) – Some U.S. insurers are turning to Wall Street’s financial wizards for relief from the liabilities of their long-term care (LTC) policies, posing a challenge for regulators worried about how new industry players will tackle the risks involved. FILE PHOTO: A street sign is seen in front of the New York Stock Read More

Illinois farmers give up on planting after floods, throw party instead

1 month ago DieselGasoil Comments Off on Illinois farmers give up on planting after floods, throw party instead
DEER GROVE, Ill. (Reuters) – The Happy Spot was a little depressed. Puddles are seen in farm fields as heavy rains caused unprecedented delays in U.S. corn planting this spring, near Sheffield, Illinois, U.S., June 13, 2019. REUTERS/Tom Polansek Dozens of corn farmers and those who sell them seed, chemicals and equipment gathered on Thursday Read More

Keystone XL pipeline no closer to construction despite Montana court win

1 month ago DieselGasoil Comments Off on Keystone XL pipeline no closer to construction despite Montana court win
Washington — Court lifts injunction that banned work since November Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now TC Energy has yet to make final investment decision Pipeline expected to shrink WCS discount to WTI Construction of the proposed 830,000 b/d Keystone XL heavy oil pipeline is not expected Read More

US court reverses Enbridge Line 3 approval in latest blow to Alberta oil producers

2 months ago DieselGasoil Comments Off on US court reverses Enbridge Line 3 approval in latest blow to Alberta oil producers
Highlights Order could delay 375,000 b/d expansion beyond H2 2020 Project was set to beat stalled Keystone XL, Trans Mountain WCS rises as Alberta wildfire concerns shut some production Washington — Minnesota’s Court of Appeals on Monday reversed state regulators’ approval of Enbridge’s Line 3 replacement project, potentially delaying the first relief for Alberta’s constrained Read More