Hints and tips:
...For each day that the crossings are closed, Union Pacific must hold 60 trains — or almost 4,500 rail cars — with an equivalent amount of goods stranded in Mexico, the company said....
...The hedge fund holds a $1.6bn stake in Union Pacific, making it one of the railroad’s largest shareholders....
...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....
...US railroad Union Pacific on Sunday said it would replace its chief executive Lance Fritz this year. Investcorp is opening an office in Tokyo....
...As it stands, there are two competing big operators in Canada (CP and Canadian National), CSX and Norfolk Southern in the eastern US and Union Pacific and BNSF in the west....
...Elsewhere, Fritz noted “one big concern” with Canadian Pacific’s agreed acquisition of Kansas City Southern, which operates rail lines in both the US and in Mexico....
...The Canadian-born executive retired from his post at CN in 2016 and later joined Union Pacific, the largest listed US railroad company, as chief operating officer and then senior adviser....
...TCI has recommended Jim Vena, who has worked at CN in the past and at rival Union Pacific, as the person to run the company....
...Both Canadian National and Canadian Pacific operate in the central and eastern US, as do CSX and Norfolk Southern, while Union Pacific and BNSF are present in the west....
...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....
...The land lies on either side of the Union Pacific railroad, which originally received it from the federal government during the frontier era before its sale to Anadarko....
...In its latest quarter, Union Pacific said it had curtailed operations at two rail yards in Illinois and one in Texas and stored 2,150 locomotives....
...Investors were due to receive further news on rail revenues on Thursday, when Union Pacific, the largest publicly owned US railway, reports results....
...Chinese acquisitions of American companies in sensitive technological sectors are now routinely knocked back on national security grounds by the Committee on Foreign Investment in the US....
...The veteran executive successfully used the strategy at the Canadian National and Canadian Pacific railways before he was recruited last year to run CSX, the largest rail company in the eastern US....
...But despite CRRC’s global ambitions and the strong political pressure from Berlin and Paris to approve the rail merger, Ms Vestager has not accepted the argument that Chinese companies will soon be selling...
...At Union Pacific, the largest listed railroad company, frac sand accounts for 5 per cent of revenue, according to Bernstein Research....
...Lance Fritz, chief executive of the Union Pacific railroad, said in a recent interview that Mr Trump’s move to scrap Clean Power Plan regulations was unlikely to grow its coal business....
...(New York Times) Warehouse robots in vogue Amazon's acquisition of warehouse robotics company Kiva has quietly kicked off an arms race in the sector....
...They rewarded him with their overwhelming backing for $84m in repayment of the pay he had forfeited on leaving Canadian Pacific, another rail company, in January....
...Union Pacific shares gained 2 per cent ahead of the bell....
...They’ve created a culture of fear at CP,” said Douglas Finnson, president of Teamsters Canada Rail Conference, a labour union....
...Hunter Harrison announced on Wednesday he was stepping down as chief executive of Canadian Pacific, the Calgary-based railroad he has led since 2012....
...Grupo Mexico says its Texas Pacific unit has already enabled it to offer “a seamless rail service” with Mexico and from Pacific ports to Asia....
...We definitely need some topline growth, but the fact that companies have costs under control should allay fears about a downturn in profits....
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