In the news today…
- Washington Post and Axios report Hurricane Ian weakens into a tropical storm after leaving more than 2.5 million people without power in Florida.
- Argus reports US railroads have reached a new tentative labor agreement with a union whose members had rejected an initial contract proposal earlier this month.
- Argus reports a new US Senate bill would require railroads to meet specific performance standards or face additional pressure from frustrated shippers.
- Argus reports coal exports from Hampton Roads, Virginia, reached their third-highest level this year in August as some rail shipments accelerated and coal sellers filled orders made earlier in 2022.