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....
...After years of cost cutting, operating margins at big rail companies have peaked. Union Pacific and Norfolk Southern’s valuations reflect this....
...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....
...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....
...He also extended a $30mn loan to a company registered in the name of Epstein’s private pilot. The company, Plan D LLC, owned a Gulfstream jet....
...“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.”...
...Railroad company Union Pacific is likely to rise from 8.7 per cent of the portfolio to 16.7 per cent, according to data from BlackRock and CFRA and, United Parcels Service from 8.3 per cent to 16.5....
...One late summer afternoon in 2011, railroad turnround legend Hunter Harrison and Bill Ackman lunched at Manhattan’s Museum of Modern Art....
...Since November the cost of shipping to Europe has been exacerbated by the diversion of containers to trans-Pacific routes....
...John Butler of the World Shipping Council says international transportation “is operating beyond full capacity”. “It’s not just about what’s going on on the water, it’s on land too....
...In other British news, a couple of weeks later than we predicted, the UK is applying to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a deal unfortunately from a...
...(Not to be confused with the mere TPP — the Trans-Pacific Partnership — that predated this agreement.)...
...According to an interview he gave to trade publication Trucks.com in 2019, his father was a manager at the Union Pacific railroad, and his mother died of cancer when he was a teenager....
...Union Pacific, the other railroad moving goods out of LA and Long Beach, reported a 12 per cent drop for that week, and 20 per cent for the following week....
...They say they are glad that the proposed Trans-Pacific Partnership was pulled by Trump, because increased competition from markets such as Vietnam would have flooded the market with even more low-priced...
...The proposal, being developed by Liam Fox’s Department for International Trade, would make the UK the first member of the Trans-Pacific Partnership that does not border the Pacific Ocean or the South China...
...Twenty years later, J Cooke & Co, the principal backers of the Northern Pacific Railroad, went bankrupt, setting off a chain reaction that caused the Panic of 1873....
...Could the threat of Chinese leadership, or pressure from US business, persuade Mr Trump to take another look at trade deals, even President Barack Obama’s Trans-Pacific Partnership?...
...The industry’s current structure — with CSX and NS in the eastern US, Union Pacific and BNSF in the west, CP and Canadian National in Canada and Kansas City Southern operating north-south — is widely regarded...
...NS and CSX dominate the eastern US, Union Pacific and BNSF — part of Warren Buffett’s Berkshire Hathaway — the west and Canadian Pacific and Canadian National Canada and some lines in US....
...On January 14, eight prisoners and two prison officers in Texas died when a prison bus skidded off a road and hit a Union Pacific freight train....
...ships waiting in San Pedro Bay to dock at Los Angeles and Long Beach — which handle 40 per cent of US container traffic — serves as a reminder of how many shipping lines still depend on the most direct trans-Pacific...
...The Mississippi River system – which had been well positioned to handle demand when most goods headed to Europe – is far less well-placed for trans-Pacific traffic....
...“Last year was the worst it has ever been,” Mr Burkhart says of the service the company received from Burlington Northern Santa Fe and Canadian Pacific, the two railroads that serve its nine facilities....
...chief executive of Union Pacific, the US’s biggest freight railroad....
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