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...India plans to spend Rs5tn, or 1.7 per cent of GDP, on capital expenditure for building roads and railways, up from 0.4 per cent of GDP in 2014, according to calculations based on the FT’s analysis of Union...
...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....
...India also hosted a “Voice of the Global South” summit and successfully championed the African Union’s admission as a permanent G20 member in September....
...@JohnReedwrites john.reed@ft.com...
...“Since the 1990s and 2000s as the Indian economy has grown more steadily, Indian budgets have looked much more healthy and there has been more money to spend on railroads,” said Partha Mukhopadhyay, senior...
...The hedge fund holds a $1.6bn stake in Union Pacific, making it one of the railroad’s largest shareholders....
...“In the cold war, India could walk a middle path because it had no major disputes with either the US or the Soviet Union, and play each other off against each other,” she says....
...However, when we returned to Japan a few years later, our plane flew over the Soviet Union as tensions were easing....
...And on several fronts Mr Adani's interests align with that of the Union Government of India....
...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....
...“All [workers’] dreams involve money,” says Hossain, the union leader. “But they don’t have alternatives other than working here....
...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....
...“The company is ready to become a full member of the logistics chain of the European Union,” Ukrzaliznytsia said....
...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....
...After Myanmar’s military seized power in February last year, Hein Tay Za quit his job as an accountant in a cosmetics company and joined the frontline of peaceful protests, organising water and food supplies...
...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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