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....
...Chinese companies a way to avert the tariffs....
...Here is where the Foreign Affairs/Peterson Institute colloquium comes in handy....
...The hedge fund holds a $1.6bn stake in Union Pacific, making it one of the railroad’s largest shareholders....
...But US companies’ ties may still be closer than the official data suggests....
...Facing east and west South Korea’s economic relationship with China transformed after 1992, when the two countries established full diplomatic relations in the wake of the collapse of the Soviet Union....
...Adam Posen of the Peterson Institute warns of the dangers of zero-sum industrial policy in one of the FT’s Economists Exchange conversations with Tej Parikh....
...Laurence Boone, France’s Europe minister, describes the EU’s approach to economic statecraft in a seminar at the Peterson Institute....
...After years of cost cutting, operating margins at big rail companies have peaked. Union Pacific and Norfolk Southern’s valuations reflect this....
...The Unite union says it expects the action to cause “inevitable disruption and delays”....
...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...
...American imports of Chinese semiconductors, IT hardware, and consumer electronics have fallen “dramatically” according to analysis from the Peterson Institute in Washington DC, but imports from China of...
...US railroad Union Pacific on Sunday said it would replace its chief executive Lance Fritz this year. Investcorp is opening an office in Tokyo....
...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....
...As a recent paper from the Peterson Institute in the US found: “These risks become clear when comparing the supply chains of carbon-based energy and clean energy....
...But companies are not feeling overly optimistic....
...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...
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