Hints and tips:
...The company’s products are ubiquitous across Europe....
...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....
...Investors have long considered South Africa to be somewhat of a “poison pill” for the mining company. The company’s largest investor is state entity Public Investment Corporation....
...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....
...The hedge fund holds a $1.6bn stake in Union Pacific, making it one of the railroad’s largest shareholders....
...What to watch today Spanish prime minister Pedro Sánchez meets Chinese president Xi Jinping in Beijing, around 10am CET....
...It follows previous visits by German chancellor Olaf Scholz, who travelled to Beijing in November, and Spanish prime minister Pedro Sánchez, who went last week....
...For what it is worth, Nato is not talking about sending aircraft carriers to the Pacific or making Australia a member....
...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....
...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....
...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...
...Results from Snap will be closely watched after last month’s profit warning and transport companies American Airlines, Alaska Air and railroad operator Union Pacific, also report earnings....
...However, other factors are weighing on the companies....
...In El Salvador, Asia-Pacific Xuanhao, a Chinese conglomerate, proposed in 2018 to lease La Union, a port originally built with Japanese money, for 50 years and expand it....
International Edition