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...We have ducked under rafters and peeked into crevices, squeezed through dirt tunnels and peered into false-bottom wagons at some of the many sites in the US Midwest....
...While Boeing and Caterpillar were viewed more as symbolic losses, Citadel’s departure is a gut punch in the city to which Griffin had provided steady, non-partisan material support....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...One of the largest US railroad companies is facing lawsuits and mounting anger after a train carrying hazardous materials derailed in a rural community in Ohio earlier this month....
...Its real estate brokerage and building materials businesses reported that sales slid, mirroring the wider housing industry....
...“Our railroad is a very good business but its not remotely as good as Apple’s business.”...
...The company also bought a $13mn stake in investment bank Jefferies and purchased $300mn worth of building materials maker Louisiana-Pacific....
...“We also continue to be negatively affected by persistent supply chain disruptions and significant cost increases for many raw materials and other inputs, including energy, freight and labour.”...
...Casey was the engineer on the Cannonball Express for the Midwest and Central Railroad. He had an unusually stressful job....
...Although operating revenues for its railroad division were up 11.8 per cent from a year ago to $4.59bn, Berkshire acknowledged the business “experienced higher materials, freight and other input costs”,...
...“Thousands of people — there’s more than 5,000 people on site — collectively gather to turn raw material into vehicles....
...rail group Canadian Pacific is set to present a new, higher offer to buy Kansas City Southern, worth about $31bn, including debt, in a move that is set to revive the takeover battle for the US freight railroad...
...Its core operating businesses, which include the insurer Geico, BNSF railroad and the Dairy Queen ice cream chain, also improved....
...keep pace with the increased costs of raw materials....
...He built steel mills, then purchased coke fields and iron ore deposits and the railroads and ships needed to supply them. It made him one of the world’s richest men....
...In the space of half of year, you’re suddenly sitting on fivefold gains and an asset which is now a material part of your net worth....
...The company said the figure was constrained by flooding across the Midwest, which weighed on shipping volumes....
...TATE has done sterling work on rebuilding its balance sheet and cashflow in recent years, reflected in FY20E ND:EBITDA (inc. IFRS 16) of 0.9x & 1.8x FCF dividend cover....
...The group’s insurance underwriting business returned to a profit from a loss the year prior, while operating earnings in the railroad, energy and utility arm improved....
...AI will make it possible to take into account a much wider range of personal preferences, from style to materials to carbon footprint....
...The shifting sand market has unnerved investors in railroads. At Union Pacific, the largest listed railroad company, frac sand accounts for 5 per cent of revenue, according to Bernstein Research....
...“For these businesses to make money, they need raw materials,” says Vikas Shah, an investment banker at Rosenblatt Securities. “The raw materials are volumes and volatility.”...
...Janesville was a railroad hub. Each day, sixty-four passenger trains, plus freight trains, pulled in and out of town....
...“The company is unable to predict the outcome or reasonably estimate any potential loss; however, we currently believe that this matter will not have a material adverse effect on the Company’s consolidated...
...“We currently believe that this matter will not have a material adverse effect on the company’s consolidated results of operations, financial position or liquidity.”...
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