Hints and tips:
...Schiff rivalled John Pierpont Morgan’s standing on Wall Street — his reputation only enhanced when he orchestrated a rescue of Union Pacific Railroad in the late 1890s after Morgan had abandoned the assignment...
...US railroad Union Pacific on Sunday said it would replace its chief executive Lance Fritz this year. Investcorp is opening an office in Tokyo....
...The Canadian-born executive retired from his post at CN in 2016 and later joined Union Pacific, the largest listed US railroad company, as chief operating officer and then senior adviser....
...Beyond the commuter districts of big cities, the main business of railroads is carrying freight, not people....
...likely to back an alternative union with rival railway group Canadian Pacific....
...Both Canadian National and Canadian Pacific operate in the central and eastern US, as do CSX and Norfolk Southern, while Union Pacific and BNSF are present in the west....
...(FT) Railroad deal is the biggest of the year Canadian Pacific has agreed to buy Kansas City Southern for $28.9bn, including debt, in the largest takeover so far this year....
...Video of the day Mapping the urban sprawl A new look at antique US railroad maps reveals how cities grew over the past 200 years....
...Two of them parlayed their current fortunes from start-up businesses producing and selling instant noodles. Mr Pham was a student of geology in Moscow when the Soviet Union was disintegrating....
...Twenty years later, J Cooke & Co, the principal backers of the Northern Pacific Railroad, went bankrupt, setting off a chain reaction that caused the Panic of 1873....
...A series of mergers in the 1990s left just Union Pacific and Burlington Northern Santa Fe in the western US; Norfolk Southern and CSX in the eastern US; CP and Canadian National in Canada; and Kansas City...
...The industry’s current structure — with CSX and NS in the eastern US, Union Pacific and BNSF in the west, CP and Canadian National in Canada and Kansas City Southern operating north-south — is widely regarded...
...NS and CSX dominate the eastern US, Union Pacific and BNSF — part of Warren Buffett’s Berkshire Hathaway — the west and Canadian Pacific and Canadian National Canada and some lines in US....
...people a year between Poland’s biggest cities....
...Having lost production of the Jazz city car to Japan last year, it now makes the Civic — including the estate variant and, from this summer, the Type R “hot hatch” — and the CR-V, with volumes roughly split...
...“The railroad takes us to the Pacific coal market; if things go to plan, we might get shipments of South Korean and Japanese containers, which could revive the trans-Siberian railway.”...
...(FT) Video of the day Mark Carney's City regulation: a tipping point? Will other countries follow the Bank of England governor's lead in extending penalties for market abuse? (FT)...
...(FT) Journalism v Silicon Valley The media has lost control of production and distribution to the opaque algorithms of Google and Facebook....
...The S&P 500 railroads index, which consists of CSX, Kansas City Southern, Norfolk Southern and Union Pacific Corp stocks, closed 0.6 per cent lower on the news....
...On the Sunday it’s India v Pakistan, most passionate of all cricketing encounters. What a menu for the most romantic weekend on the calendar!...
...Others include Rome v Milan, Dallas v Houston, Toronto v Montreal and Beijing v Shanghai. The UK has plenty of notable ones, including Glasgow v Edinburgh and Newcastle v Sunderland....
...“Stop the Trans-Pacific Partnership/flush the TPP,” he sang, drawing cheers from the crowd of environmentalists in yellow hard hats and Teamster labour union members in black bomber jackets....
...Any further shift would provide a boost to big eastern railways – CSX and Norfolk Southern – and potentially take traffic from Union Pacific and BNSF, which operate in the US’s western two-thirds....
...Pacific and BNSF already serve....
...Union Pacific: $17bn Still operator of the largest route network of any Class I, Union Pacific is also the only one able to trace its history back to the earliest years of the US railroads, having been...
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