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...“The urgency of reopening these crossings and restoring rail service between the two nations cannot be overstated,” said Ian Jefferies, chief executive of the Association of American Railroads....
...Biden said the US Army Corps of Engineers would work swiftly to clear the channel and allow the port to reopen to ships....
...The announcement came shortly after Soroban Capital Partners published a letter it had sent to the board, warning that the freight rail operator — one of the largest in the US — was lagging behind rivals...
...Simply stated, we’re in a freight recession....
...Commuter rail systems in Chicago, northern Virginia and southern California also said they would suspend their service during a freight rail strike....
...The results were helped by larger profits in its manufacturing and services business lines....
...The lower ocean freight prices have also cut demand for air freight, an expensive alternative for companies hurrying to secure supplies: air rates this September are half what they were this time last year...
...A decade later, in 2007, Toshiba sued another of his entities, Acme, for alleged infringement of its patents for DVD format specifications....
...Like its larger rival Walmart, Target has struggled to pass on higher prices to consumers and has been affected by higher freight, fuel and labour costs, as well as supply chain problems....
...The letter, seen by the Financial Times and first reported by Reuters, was signed by the largest US carriers as well as the air freight arms of two of the biggest logistics groups, UPS and FedEx....
...Passenger flights to eight countries, including the UK and US, have been banned and air freight services reduced....
...“There may be isolated shortages of goods and services in the coming months. But there is an ample supply of goods....
...Union Pacific is North America’s largest listed freight rail operator, serving cities as far east as Chicago and New Orleans and west as Seattle and Los Angeles....
...Virgin Atlantic, which normally trades off a glamorous jet-setting image, has run some of the most eye-catching cargo services....
...a more traditional trucking firm; airport services group Macquarie Infrastructure; and air freight and logistics company Forward Air Corp....
...(Nikkei Asia) Top Chinese chipmaker Semiconductor Manufacturing International Corp is on track to triple production capacity despite a US blacklisting....
...FedEx, which has a global network spanning 680 aircraft, 200,000 vehicles and 600,000 employees, also carried 6.2m pounds of freight daily through its “International Priority” freight service — 19 per cent...
...The freight business of Didi Chuxing, China’s most popular ride-hailing app, may tap investors for additional capital after its debut fundraising drew about $3bn in bids 5....
...“We often use air freight for peak times of the year,” Sony’s Mr Ryan said....
...She will replace Carl Ice, who will retire in January after 42 years at the freight network. More from Reuters....
...Falling oil prices and stable freight rates helped the Danish group to increase first-quarter profits and investors will hope this has continued — some analysts have even pointed to Maersk bettering last...
...The shipping giant on Tuesday said it planned to curtail hiring and cut air freight capacity in response to disappointing earnings....
...It blamed most of the decline on planned closures of routes used for the service. Revenue declined 6 per cent in shipping metals and equipment such as sheet steel....
...It leases a fleet of cargo planes that it operates as Amazon Air and is building a $1.5bn air freight hub....
...FedEx said the decision only affected its US contract for FedEx Express service — meaning shipments by cargo plane that take packages between Amazon warehouses and delivery hubs....
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