Hints and tips:
...Union Pacific and BNSF — a division of Warren Buffett’s Berkshire Hathaway — were the two US railroads most directly affected by the closures, the association said....
...But Chan has no plans to have his staff working in the early morning hours “before McDonald’s opens”....
...Japan egg prices surge on bird flu, costs of feed and labour McDonald’s Japan to raise prices on 80% of its items...
...Ahead of the talks, Biden halted plans for an Indo-Pacific trade deal after opposition from Congressional Democrats, while China agreed to crack down on companies exporting chemicals used to make fentanyl...
...The hedge fund holds a $1.6bn stake in Union Pacific, making it one of the railroad’s largest shareholders....
...“I’m not the Pacific I used to be,” he said. Mostly, he tried to stay positive, but darker feelings occasionally took hold....
...“We are in for a great divergence in monetary policy on both sides of the Atlantic which is something quite new,” said Christian Kopf, head of fixed income at Union Investment....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...After years of cost cutting, operating margins at big rail companies have peaked. Union Pacific and Norfolk Southern’s valuations reflect this....
...Post-it maker 3M, oilfield services company Halliburton, railroad operator Union Pacific and homebuilder DR Horton are also due to publish results....
...Other earnings: Railroad operator Union Pacific could give insight into whether companies shipping products are responding to higher inflation by seeking cheaper alternatives to air freight....
...They include employees of the largest carriers in North America, such as Union Pacific, CSX and BNSF, a business owned by Warren Buffett’s Berkshire Hathaway....
...Railroad company Union Pacific added emissions rules to a list of factors that could drive up its costs. General Dynamics declined to comment and Union Pacific did not immediately have a comment....
...Freight rail accounted for an estimated 28 per cent of US freight movements in 2020, according to an analysis of transportation department data by carrier Union Pacific....
...The union representing the longshore and warehouse workers at the west coast ports has been engaged in talks with the Pacific Maritime Association, while railroads have also held discussions with unions...
...US railroad Union Pacific on Sunday said it would replace its chief executive Lance Fritz this year. Investcorp is opening an office in Tokyo....
...Train drivers at operating companies will strike in a dispute over pay and working practices involving the RMT and Aslef unions....
...Ministers, however, face a difficult choice, said Chris McDonald of the Materials Processing Institute, an industry research group....
...Secondly, Lex reported on investors Trillium Asset Management and Impact Shares calling on railroad companies Union Pacific and Norfolk Southern to offer paid sick leave to eligible workers....
...“The railroads aren’t throwing money at their workers and their current relationship with the labour unions isn’t what you’d characterise as friendly.”...
...Lane is a director of NextEra Energy and retailer TJX Companies, while Vena recently served as chief operating officer of railroad company Union Pacific Corporation....
...On Tuesday, 19 companies including Walmart, McDonald’s, Nestlé and Union Pacific raised more than $35bn of debt, according to strategists at Bank of America....
...Corporate exodus: US fast food giant McDonald's will sell its Russian business, two months after temporarily closing its restaurants in the country, the latest corporate pullout in response to the invasion...
...The financial impact of wildfires and heavy rains on the Union Pacific railway so far this year could top $100m, as intensifying effects of climate change brought cascading disruptions to the company’s 32,000...
International Edition