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...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....
...A group of American unions ended its campaign for board seats at Starbucks after progress on collective bargaining agreements for the company’s workers....
...Labour’s manifesto will be finalised when Starmer holds a “Clause V meeting” attended by the shadow cabinet, union representatives and other senior party figures, but that cannot happen until Sunak calls...
...The hedge fund holds a $1.6bn stake in Union Pacific, making it one of the railroad’s largest shareholders....
...They expect a similar reading for the official PMI, which places a greater emphasis on larger, state-owned companies and is set for publication on Thursday....
...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....
...Rail workers are scheduled to vote on the eleventh-hour labour agreement struck last week by US president Joe Biden between rail unions and railroad companies....
...Speaking to reporters on Wednesday, Fed chair Jay Powell said the bank was “cautious about declaring victory and sending signals that we think the game is won”, referring to the Fed’s commitment to choke...
...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....
...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....
...When a transatlantic financial panic started in November 1873, there were 364 US railroad companies in operation. How many went bankrupt in the following two years?...
...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...
...Of particular note is the great work by BNSF and Union Pacific, which have reduced the rail backlog in half in the last month and by two-thirds over the last two months....
...US president Joe Biden told Federal Reserve chief Jay Powell that he would respect the “independence” of the central bank as it begins to tighten monetary policy and ramp up interest rates....
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