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As the Nebraska explosion made clear, there can be problems that are hard to spot before potentially disastrous accidents occur. Some details about the explosion might never be known because the shipping container carrying the acid was destroyed. Union Pacific CEO Jim Vena said he understands and welcomes the agency's scrutiny. Vena said Union Pacific and other major railroads have become safer over time. “And that’s what I’m challenging the team with here at Union Pacific is we have to get better ... We’ll invest in it.

Persons: haven’t, ”, Andy Foust, Warren Flatau, Pete Buttigieg, —, Foust, “, hasn’t, Dennis Thompson, Thompson, Jim Vena, Vena, We’ll, Charlie King Organizations: —, Union Pacific, Federal Railroad Administration, . Transportation, Rail, Transportation Workers, Transportation Division, . Railroad, Materials Safety Administration, Norfolk Southern, Platte Fire, Pacific, of Railroad Infrastructure Locations: OMAHA, Neb, Nebraska, North Platte , Nebraska, Omaha, Norfolk, Ohio, railyard, Palestine

☆ Amtrak Train Derails in Michigan After Striking Vehicle on Tracks
▼ + stars: | 2023-11-17 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: +1 min

An Amtrak passenger train carrying more than 200 passengers derailed in Michigan on Thursday night after striking a vehicle on the tracks; there were no immediate reports of injuries, the national railroad company said. Amtrak said the accident happened about 10 p.m. near New Buffalo, Mich., a township near Lake Michigan, about an hour east of Chicago. The train, with six crew members and an estimated 218 passengers aboard, had been traveling west to Chicago from Pontiac, Mich., and remained upright after the derailment, the company said. A police dispatcher for Berrien County, where New Buffalo is located, declined to comment. Experts say derailments usually happen when a train takes a turn too fast — one reason that automatic-braking technology has been installed on many passenger railroads across the United States in recent years.

Organizations: Amtrak Locations: Michigan, New Buffalo, Mich, Lake Michigan, Chicago, Pontiac, Berrien County, United States

The strike by drivers and other workers in the GDL union began at 10 p.m. on Wednesday and was scheduled to end at 6 p.m. on Thursday. The main national railway operator, state-owned Deutsche Bahn, expected to run about 20% of its normal long-distance service. The dispute between Deutsche Bahn and GDL is in its early stages, but already is looking unusually difficult. After negotiations started last week, Deutsche Bahn said it had made an offer that amounts to an 11% raise. Political Cartoons View All 1250 ImagesNegotiations were due to resume on Thursday, but Deutsche Bahn canceled this week's talks after GDL called the strike.

Persons: GDL Organizations: BERLIN, —, Deutsche Bahn Locations: GDL

☆ Brazil Aims to Expand Rail System With Funds From Prior Contracts
▼ + stars: | 2023-11-13 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

By Lisandra ParaguassuBRASILIA (Reuters) - Brazil plans to expand its railway network with a 40 billion reais ($8 billion) fund that will be financed by removing discounts given to rail companies by previous government contracts, Transport Minister Renan Filho told Reuters. The Federal Audit Court is now reviewing those extensions after the government of President Lula da Silva disputed the discounts. "We think that some procedures adopted in the contracts are unacceptable," Filho said in an interview on Friday. According to the government, the companies owe an additional 40 billion reais ($8.1 billion) in unpaid concession payments. The government's goal is to have 40% of Brazil's freight, which is mostly iron ore, transported by rail, up from 17% today.

Persons: Renan Filho, Jair Bolsonaro, Lula da Silva, Filho, Rumo, São Paulo, Vale, Lisandra Paraguasu, Anthony Boadle, Emelia Sithole, Aurora Ellis Organizations: Reuters, Transport, Federal Audit Court, Vale, Rumo, TCU Locations: Paraguassu BRASILIA, Brazil, Carajas, Vitoria, Espirito Santo, São

☆ The night train revolution has been hailed as an alternative to airplanes. Here’s how that’s going
▼ + stars: | 2023-11-12 | by ( Ben Jones | ) edition.cnn.com time to read: +13 min

Wherever they run, night trains are complicated, labor intensive and expensive to operate – one of the major reasons they went into decline in the first place. The $770 million contract could eventually see up to 370 new overnight carriages introduced to update Italy’s entire overnight train fleet. “Politicians must be clear: the night train market will be effectively closed for a very long time,” he says. So, what does all this mean for the much-vaunted night train revolution? With the honorable exception of government-subsidized Nightjet, which plans to expand rapidly over the next five years, European night train services have yet to match the hype.

Persons: Love, James Brown, David Bowie, Ray Charles, –, they’ve, Charisius, Agatha Christie, James Bond, Mark Smith, ”, “, ÖBB, “ Superliner, Kuleshova, Smith, it’s, Alex Halada, Nick Brooks Organizations: CNN, Orient Express, Austrian Federal Railways, Swiss Federal Railways, Deutsche Bahn, Italian State Railways, Amtrak, California Zephyr, European, Bloomberg, Getty, Regiojet, Compagnie Internationale des, VIA Rail, European Union, Frankfurt, Eurostar, EU Rail, EU Locations: Europe, Russia, Scandinavia, Vienna, Hamburg, Germany, Austria, Italy, Hungary, Poland, Czech Republic, Paris, Brussels, Amsterdam, France, Sweden, Milan, Sicily, Messina, Europe’s, United States, Berlin, Stockholm, Denmark, Czech, Prague, Croatia’s, London, Dresden, Copenhagen, Barcelona, Spain, Venice, Florence, Rome, Madrid, Porto, Portugal, Edinburgh, Zurich, AFP, EU

☆ Philippines says Japan, S.Korea, India offer to fund railway projects
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

MANILA, Nov 6 (Reuters) - Japan, South Korea and India have offered to finance three Philippine railway projects worth nearly $5 billion, the country's transport chief said on Monday, after Manila dropped China as a funding source last year. Transportation Secretary Jaime Bautista said the Philippine government could tap the three countries for possible official development assistance (ODA). He said the government may also fund a portion of the rail projects or seek private sector investments. The rail projects are the Subic-Clark Railway Project, the Philippine National Railways South Long-Haul Project and the Davao-Digos segment of the Mindanao Railway Project, collectively worth $4.95 billion. Construction of the Philippines' first subway train, funded by loans from Japan, is underway in the capital region.

Persons: Jaime Bautista, Bautista, Ferdinand Marcos Jr, Rodrigo Duterte, Duterte, Marcos, Mikhail Flores, Karen Lema, Raju Gopalakrishnan Organizations: Transportation, Clark Railway, Philippine National Railways, Mindanao Railway Project, Thomson Locations: MANILA, Japan, South Korea, India, Philippine, Manila, China, Subic, Davao, Mindanao, Beijing, Philippines, Asia

KYIV, Ukraine (AP) — Ukraine’s newly appointed head of defense industry says he is working tirelessly to ramp up local arms production and wants to turn the country into a weapons production hub for the West. Kamyshyn said approximately 500 companies in Ukraine’s defense industry are contributing to the country’s efforts to increase weapons production in order to counter Russia’s attempts to seize more territory. Now he recalls that time as his “past life” and says he is completely focused on make the defense industry a successful enterprise like Ukrzaliznytsia. Most crucially, Kamyshin says that the increased local production of weapons has enhanced Ukraine’s capabilities to launch attacks on Russian territory. Kamyshin acknowledged that defense technology, particularly in the field of innovative warfare, is a game-changer and the fastest-growing sector in Ukraine’s defense industry.

Persons: — Ukraine’s, Oleksandr Kamysyhin, ” Kamyshin, Kamyshyn, “, Oleksandr Kamyshin, ”, Kamyshin Organizations: West, Associated Press, Artillery, Alliance of Defense Industries Locations: KYIV, Ukraine, Israel, Russia, Moscow, Sochi, Krasnodar, U.S, France, Germany, Poland, Czech Republic, Turkey, Ukraine’s, russia, ukraine

[1/3] Chinese President Xi Jinping speaks with Colombian President Gustavo Petro during a meeting at the Great Hall of the People in Beijing, China, October 25, 2023. The upgrade of relations with Colombia means China now has strategic ties with 10 out of the 11 South American countries with which it has relations. Paraguay is the last South American nation that has ties with Taiwan, which China claims as part of its territory. In 2022, shipments from Colombia to China totalled $7 billion, up almost 20% from five years earlier. Among the 11 South American countries that have diplomatic ties with Beijing, Colombia has the largest trade deficit with China despite increased Chinese imports.

Persons: Xi Jinping, Gustavo Petro, Ken Ishii, Xi, Petro, Ivan Duque, Liz Lee, Ryan Woo, Ellen Zhang, Bernadette Baum, Robert Birsel, Nick Macfie Organizations: of, People, REUTERS Acquire, Initiative, South American, Tuesday, China Harbour Engineering Company, Bogota Metro, Xian Metro Company, Bombardier Inc, Columbia, China Civil Engineering Construction Corporation, Zijin Mining, Canada's Continental, Thomson Locations: Beijing, China, Colombia, Latin America Colombia, Xi's, Initiative BEIJING, U.S, America, Guyana, South America, Central America, Caribbean, United States, Taiwan, Paraguay, American, Latin America, Bogota, Argentina, Venezuela, Bolivia, Suriname

☆ France boosts air, rail security amid rise in bomb hoaxes
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +2 min

French police stand guard in front of the Chateau de Versailles (Palace of Versailles) as tourists enter again after the Palace was evacuated for security reasons, in Versailles, near Paris, France, October 17, 2023. REUTERS/Clotaire Achi/File Photo Acquire Licensing RightsPARIS, Oct 22 (Reuters) - France, already on its highest security alert, is to boost security at airports around the capital and on trains after a wave of bomb hoaxes, the transport minister said on Sunday. Alongside the heightened risk, there were "people who are playing with fear", he said, referring to the wave of fake bomb alerts that have hit transport networks, schools and cultural centres over the last week. Since last Wednesday, there have been 70 bomb hoaxes in airports in France, he said, adding that almost all of these alerts were sent from the same Swiss-based email address. Beaune told France Inter that hoaxes are not "small jokes, they are serious crimes" and that they will be investigated.

Persons: Chateau, Clotaire, Clement Beaune, Layli Foroudi, Nick Macfie Organizations: REUTERS, Rights, ., SNCF, France Inter, Thomson Locations: Versailles, Paris, France, Arras, Europe, Beaune, Swiss

☆ China PMI, bumper 'Golden Week' travel give glimmers of hope for economy
▼ + stars: | 2023-10-02 | by ( Laura He | ) edition.cnn.com time to read: +6 min

PMI data released by Caixin Media and S&P Global showed both manufacturing and services losing some momentum. “We see increasing evidence of a near-term growth stabilization,” Nomura analysts said in a research note on Saturday, thanks partly to the raft of policy measures unveiled since late July, they added. While domestic travel for the Golden Week holiday appears strong, Chinese consumers are leaving the mainland in fewer numbers. Preliminary statistics from ForwardKeys, a global travel data provider, last week showed that Chinese travel within Asia was down 33% on pre-pandemic levels. On the first day of the Golden Week holiday, the number of mainland Chinese tourists entering Hong Kong was still less than half of 2018’s level, the city’s government said over the weekend.

Persons: Hong Kong CNN —, Stringer, “, ” Nomura, Julie Kozack, Xu Jiayin, Xu Organizations: Hong Kong CNN, National Bureau, Statistics, PMI, Caixin Media, P Global, Getty, China State Railway Group, Ministry, Transport, Ministry of Culture, Tourism, NBS, ” Citi, International Monetary Fund, Bank, Golden, Evergrande Group Locations: Hong Kong, Nantong, China's Jiangsu, AFP, China, Hangzhou, China's, Zhejiang, Beijing, Asia

While he's willing to invest in that, mostly he wants to make sure Union Pacific's day-to-day operations are steadily improving. He's also working to speed up decision making at the railroad to help make Union Pacific more responsive to customers. We’re going to have the best service, and we’re going to have the best safety record. That will put pressure on Union Pacific’s profits. Railroad safety has been in the spotlight this year ever since a Norfolk Southern train derailed and caught fire in eastern Ohio back in February.

Persons: Jim Vena, he's, ” Vena, Vena, He's, Lance Fritz, “ We’re, Amit Bose Organizations: —, Pacific's, Union, Canadian National, Union Pacific, Federal Railroad Administration Locations: OMAHA, Neb, Union Pacific, West, Norfolk Southern, Ohio, East Palestine

☆ New Mideast corridor would include trains to India, Delhi says
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

Saudi Arabia's Crown Prince Mohammed bin Salman inspects the honour guard during his ceremonial reception at the Rashtrapati Bhavan presidential palace in New Delhi, India, September 11, 2023. Asked about the proposals, Ausaf Sayeed, a secretary in the Foreign Ministry, spelled out that the corridor would include trains to India and not just links by port. Saudi Arabia is among the top exporters of petroleum to India. Sayeed said that new corridor will include ports, railways, better roads and also power, gas grids and optical fiber network. During their talks earlier in the day the Indian leader and the Saudi crown prince also discussed cooperation in space, semiconductors and collaboration in defence manufacturing as well.

Persons: Crown Prince Mohammed bin Salman, Stringer, Ausaf, Khalid Al Falih, Prince Mohammed bin Salman's, Sayeed, Shivam Patel, Krishn Kaushik, Ed Osmond, Angus MacSwan Organizations: Saudi, Crown, REUTERS, Foreign Ministry, European Union, United Arab, Initiative, Saudi Investment, Gulf Cooperation Council, Thomson Locations: New Delhi, India, DELHI, East, South Asia, Indian, Delhi, United States, Saudi Arabia, United Arab Emirates, Monday, Saudi

☆ U.S., India, Saudi, EU unveil a massive rail and ports deal on G20 sidelines
▼ + stars: | 2023-09-09 | by ( ) www.cnbc.com time to read: +2 min

Global leaders announced a multinational rail and ports deal linking the Middle East and South Asia on Saturday on the sidelines of the G20 summit in New Delhi. Biden said it was a "real big deal" that would bridge ports across two continents and lead to a "more stable, more prosperous and integrated Middle East." A memorandum of understanding for the deal was set to be signed by the European Union, India, Saudi Arabia, the United Arab Emirates, the U.S. and other G20 partners. The move comes amid U.S. efforts for a broader diplomatic deal in the Middle East that would have Saudi Arabia recognise Israel. From the U.S. viewpoint, Finer added, the deal helps "turn the temperature down across the region" and "address a conflict where we see it".

Persons: Saudi Arabian Crown Prince Mohammed bin Salman Al Saud, Joe Biden, Narendra Modi, Biden, Jon Organizations: Saudi, Saudi Arabian Crown, Indian, Global, Washington, European Union, United Arab Emirates Locations: Saudi Arabian, New Delhi, India, East, South Asia, U.S, Gulf, Europe, Saudi Arabia, Israel

☆ US, India, Saudi, EU to unveil rail, ports deal on G20 sidelines -White House official
▼ + stars: | 2023-09-09 | by ( Nandita Bose | ) www.reuters.com time to read: +2 min

U.S. President Joe Biden listens to the opening remarks of Indian Prime Minister Narendra Modi during the first session of the G20 Summit, in New Delhi, India, Saturday, Sept. 9, 2023. Evan Vucci/Pool via REUTERS Acquire Licensing RightsNEW DELHI, Sept 9 (Reuters) - A multinational rail and ports deal linking the Middle East and South Asia will be announced on Saturday on the sidelines of the G20 summit in New Delhi, a White House official said. A memorandum of understanding for the deal will be signed by the European Union, India, Saudi Arabia, the United Arab Emirates, the United States and other G20 partners, Finer said. The move comes amid U.S. efforts for a broader diplomatic deal in the Middle East that would have Saudi Arabia recognise Israel. From the U.S. viewpoint, Finer added, the deal helps "turn the temperature down across the region" and "address a conflict where we see it".

Persons: Joe Biden, Narendra Modi, Evan Vucci, Jon, Nandita Bose, Krishn Kaushik, Shivam Patel, Clarence Fernandez Organizations: Indian, REUTERS Acquire, White, Washington, European Union, United Arab Emirates, Thomson Locations: New Delhi, India, DELHI, East, South Asia, U.S, Gulf, Europe, Saudi Arabia, United States, Israel

Biden's Labor Day prediction that the union would not strike against Detroit's automakers ahead of a Sept. 14 contract deadline was soundly rejected by UAW President Shawn Fain. White House Press Secretary Karine Jean-Pierre said Biden's comments about the UAW over Labor Day was him being "an optimistic person." The White House has tried to play a role in several recent large-scale union contract negotiations involving rail workers and West Coast port workers. Trump won Michigan in 2016, helping propel him to the White House; Biden beat him by 154,000 votes in Michigan in 2020. Around half a million more threatened strikes in the first half of 2023, estimates from national labor unions show.

Persons: Joe Biden's, Biden, Biden's, Shawn Fain, Fain, Karine Jean, Pierre, Kate Bronfenbrenner, Donald Trump, Trump, Joe Biden, Joshua Roberts, Harley Shaiken, Shaiken, Nandita Bose, David Shepardson, Joseph White, Heather Timmons, Deepa Babington Organizations: UAW, Biden's Labor, Detroit's, House Press, Labor, General Motors, Ford, carmakers, Anderson Economic, Cornell University's School of Industry & Labor Relations, White House, Wednesday, Workers, Republican, Michigan, State Labor, Metal Workers, Local, REUTERS, University of California, Bureau of Labor Statistics, EV, White, Energy Department, Teamsters, UPS, House, Thomson Locations: Detroit, America, Pennsylvania, Michigan, West Coast, Philadelphia , Pennsylvania, U.S, Berkeley, Michigan , Ohio , Indiana , Illinois, Belvidere , Illinois, Washington

☆ World’s longest tunnel closes to train passengers after derailment
▼ + stars: | 2023-08-17 | by ( Barry Neild | ) edition.cnn.com time to read: +2 min

But the reduced capacity will mean re-routing passenger trains via a scenic railway that takes up to two hours longer until early 2024. It also completes a freight rail corridor between Rotterdam in the Netherlands and the Mediterranean Italian port of Genoa. Swiss rail investigators are currently trying to establish the cause of the accident in which no one was injured. “The Gotthard Base Tunnel is one of the safest in the world,” SBB CEO Vincent Ducrot told reporters on Wednesday. The teams deployed are doing everything they can to ensure that safe rail traffic through the Gotthard Base tunnel is possible again as quickly as possible.”

Persons: “, Vincent Ducrot Organizations: CNN, Rail, SBB, ” SBB Locations: Swiss, “, Europe, Erstfeld, Zurich, Milan, Italy, Rotterdam, Netherlands, Genoa, Gotthard

☆ World’s longest, deepest rail tunnel to close for months after freight derailment in the Swiss Alps
▼ + stars: | 2023-08-17 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

An Italian train makes its way at the north entrance of the new Gotthard Base Tunnel, the world's longest train tunnel, on the eve of its opening ceremony on May 31, 2016 in Erstfeld. Swiss rail authorities said repairs to the Gotthard Base Tunnel, the world's deepest traffic tunnel and longest of its kind, will take several months after the extent of the damage from a recent freight service derailment was found to be "significantly greater" than initially estimated. The operator currently assumes that both tunnel tubes will be available again for all rail traffic "to a limited extent" at the beginning of next year, while the undamaged east tunnel tube should be able to operate from Aug. 23 for freight traffic. It means that rail passengers traveling between north and southernmost Switzerland will be forced to take a more scenic route over the coming months. The Gotthard Base Tunnel is a high-speed railway route through the Swiss Alps.

Organizations: SBB Locations: Italian, Erstfeld ., Gotthard, Switzerland, Swiss

☆ Huawei ban would cost German rail operator 400 million euros, der Spiegel reports
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

A Huawei logo is seen on a cell phone screen in their store at Vina del Mar, Chile July 18, 2019. REUTERS/Rodrigo Garrido/File photoBERLIN, Aug 4 (Reuters) - Germany's national railway operator would have to spend up to 400 million euros ($437.44 million) to replace all the components in its infrastructure supplied by Chinese tech giant Huawei Technologies [RIC:RIC:HWT.UL], Spiegel magazine reported on Friday. Deutsche Bahn, which is state-owned, would face delays of five to six years for its projects if the German government decided to ban Huawei components in the short term, the report said, citing an internal company document. A spokesperson for Deutsche Bahn said the company would not comment on internal documents. Any decision to ban Huawei outright would likely draw an angry response from Beijing, with the Chinese foreign ministry having urged Berlin to act in line with its own interests and international rules.

Persons: Rodrigo Garrido, Rachel More, Miranda Murray Organizations: Huawei, Vina del, REUTERS, Huawei Technologies, Spiegel, Deutsche Bahn, Deutsche Telekom, Thomson Locations: Vina del Mar, Chile, BERLIN, Beijing, Berlin

☆ New tentative labor deal reached in Canadian port negotiations
▼ + stars: | 2023-07-31 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

The International Longshore and Warehouse Union of Canada (ILWU) and the British Columbia Maritime Employers Association (BCMEA) late Sunday announced a tentative labor agreement. Canadian Labor Minister Seamus O'Regan commented Monday morning on the announcement of another tentative deal. This latest tentative deal does not mean the uncertainty is over. The first tentative labor deal was rejected by the union body in a two-day vote last week. A 14-day strike has led to more than 16 canceled sailings to the Canadian ports, according to maritime intelligence company, eeSea.

Persons: Rob Ashton, Ashton, Seamus O'Regan, Berkshire Hathaway, John Brooks, Brooks Organizations: Warehouse Union of Canada, British Columbia Maritime Employers Association, Sunday, Canada Industrial Relations, ILWU, Canadian Labor, Canadian, Canadian Pacific Kansas City, Canadian National Railway, U.S, BNSF, Union Pacific, Norfolk Southern, CSX, Pacific Kansas City Locations: Burrard, North Vancouver, British, ILWU Canada, Canadian Pacific, U.S, Berkshire, East, Pacific Kansas

☆ Union Pacific appoints former executive Jim Vena as CEO
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: 1 min

July 26 - Union Pacific Corp (UNP.N) on Wednesday named former chief operating officer Jim Vena as its top boss, months after CEO Lance Fritz said he was stepping down, sending the U.S. railroad operator's shares up 6.7% in premarket trading. Vena, who will take the top job on Aug. 14, started his career in 1976 and was in the reckoning to lead Canadian National Railway Co (CNR.TO) after investors backed him for the role. He has worked under the late Hunter Harrison at Canadian National, who pioneered Precision Scheduled Railroading (PSR), which is commonly used across the industry today. Union Pacific, which connects 23 states in the western part of the country by rail, also elected Mike McCarthy as its board chairman. Reporting by Nathan Gomes and Amna Karimi in Bengaluru; Editing by Anil D'Silva and Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Jim Vena, Lance Fritz, Vena, Hunter Harrison, Mike McCarthy, Nathan Gomes, Amna, Anil D'Silva, Vinay Dwivedi Organizations: Union Pacific Corp, Wednesday, U.S ., Canadian National Railway Co, Canadian National, Union Pacific, Thomson Locations: Bengaluru

☆ Union Pacific names former executive Vena as CEO, misses profit estimate
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

Vena, who will take the top job on Aug. 14, started his career in 1976 and was in the reckoning to lead Canadian National Railway Co (CNR.TO) after investors backed him for the role. He has worked under the late Hunter Harrison at Canadian National, who pioneered Precision Scheduled Railroading (PSR), which is commonly used across the industry today. Union Pacific, which connects 23 states in the western part of the country by rail, also elected Mike McCarthy as its board chairman. The company reported second-quarter profit of $2.54 per share, missing analysts' average estimate of $2.75 per share, according to Refinitiv IBES data, as its shipments fell. The railroad industry has been struggling with railcar shortages resulting in shipment delays and supply-chain disruptions.

Persons: Jim Vena, Lance Fritz, Vena, Hunter Harrison, Fritz, Mike McCarthy, Nathan Gomes, Amna, Anil D'Silva, Vinay Dwivedi Organizations: Union Pacific Corp, Wednesday, U.S ., Canadian National Railway Co, Canadian National, Soroban Capital Partners, Union Pacific, Thomson Locations: Bengaluru

[1/3] People embrace as they stand near damage to a road, after the heaviest rain to hit the Atlantic Canadian province of Nova Scotia in more than 50 years triggered floods, in Ellershouse, West Hants Regional Municipality, Nova Scotia, Canada July 23, 2023. REUTERS/John Morris/File PhotoOTTAWA, July 24 (Reuters) - Two of the four people missing after floods ripped through the Canadian Atlantic province of Nova Scotia over the weekend are dead, Premier Tim Houston said on Monday. The floods washed away roads, swamped buildings and damaged bridges and a Canadian National Railway (CNR.TO) track connecting with Halifax, Canada's fourth-largest port. Canadian National has already restored much of the damaged infrastructure, but some repairs will be delayed until the flood waters recede, company spokesman Scott Brown said. "With supply chains the reality is the longer the disruption lasts, the more severe the impact is," he said by phone.

Persons: John Morris, Tim Houston, Houston, Scott Brown, Lane Farguson, Farguson, David Ljunggren, Nia Williams, Aurora Ellis, Grant McCool Organizations: Atlantic, Ellershouse , West, Ellershouse , West Hants Regional, REUTERS, OTTAWA, Canadian, Monday, Police, Canadian National Railway, Canada's, Canadian National, U.S . Midwest, Thomson Locations: Atlantic Canadian, of Nova Scotia, Ellershouse ,, Ellershouse , West Hants, Ellershouse , West Hants Regional Municipality , Nova Scotia, Canada, Canadian Atlantic, Halifax, Europe, Asia, Ottawa, British Columbia

☆ What we hope to see from 9 Club stocks out with earnings in the week ahead
▼ + stars: | 2023-07-22 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Looking to next week, earnings season will ramp up — and though we'll get some important economic data, expect the corporate releases and management commentary on the post-game calls to be firmly in the driver's seat. Here are two important things to know for the week ahead. Quarterly earnings : As important as economic releases are, it's earnings that will garner the bulk of investors' attention. For those looking to review first-quarter performance ahead of these releases, keep our first-quarter earnings report card handy. Here's the full rundown of all the important domestic data in the week ahead.

Persons: Dow, we'll, we've, Lawrence Yun, Jerome Powell's, Sartorius, Sartorius preannounced, It's, management's, We'll, Tesla, Ford's, Sherwin, Williams, Archer, Clark, Lam, Edwards Lifesciences, Hewlett, Northrop, Dr Pepper, Davidson, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Economic, National Association of Realtors, Nine, GE Healthcare, Microsoft, YouTube, Linde, LIN, Honeywell, Aerospace, Technologies, Ford, Procter & Gamble, Dynex, HBT, Hope Bancorp, NXP Semiconductors, Cadence Design Systems, Whirlpool, Logitech International, Liberty Global, Verizon Communications, General Motors, General Electric, GE, Spotify, Raytheon Technologies, Daniels, Midland, Albertsons Companies, ACI, Polaris Industries, Inc, Dow Chemical, DOW, Xerox, Texas Instruments, WM, Canadian National Railway Company, Chubb Corporation, Universal Health Services, Powell, Boeing, Hilton, Union Pacific, General Dynamics, Quest Diagnostics, Otis Worldwide, Grill, Lam Research, eBay, EBAY, Mattel, Hewlett Packard, L3Harris Technologies, Gross, Royal Caribbean Cruises, Southwest Airlines, Mastercard, Myers Squibb, Northrop Grumman, Hertz, Tractor Supply Company, HCA Healthcare, Boston, Hershey, Comcast, Harley, Norfolk Southern, Intel, Mobile, United States Steel Corp, KLA Corporation, Boston Beer Company, Nation Entertainment, Texas, Procter, Gamble, Exxon Mobil, Chevron, Charter Communications, AstraZeneca, Colgate, Palmolive, Newell Brands, Sanofi, Dwight, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, Hollywood, Cleveland, Corning, Kimberly, Bristol, Norfolk

☆ Canadian West Coast ports strike to be decided in all-union vote on Tuesday
▼ + stars: | 2023-07-21 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

The fate of operations at West Coast ports in Canada will be decided on Tuesday, July 25, when rank-and-file members of the International Longshoremen and Warehouse Union Canada will vote on a tentative deal with port ownership. The plan to send the deal to a full union vote comes after a week of confusion and turmoil at the ports. For the vote, work will stop from 8 a.m.-4 p.m. Pacific Time on Tuesday across all ports. Weekly rail trade data aggregated by the American Association of Railroads reveals a total decrease of 82.4% in rail trade over the course of the 13-day strike. When the first strike ended on its thirteenth day, delays for rail containers were estimated at 39 to 66 days.

Persons: Seamus O'Regan, Vancouver and Prince Rupert, Eric Byer, Byer, Destine Ozuygur Organizations: Warehouse Union Canada, Canadian, British Columbia Maritime Employers Association, Canada's Labor, Logistics, CNBC, American Association of Railroads, Railway Association of Canada, Port, U.S . Trade, U.S, The National Association of Chemical Distributors, Canadian National Railroad, Government, Trade Locations: West Coast, Canada, British, Vancouver, U.S, Port of Vancouver, West, United States, eeSea

☆ Canadian port workers back on strike after voting down government-brokered deal, returning supply chain to 'turmoil'
▼ + stars: | 2023-07-19 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +9 min

Photographer: Ben Nelms/Bloomberg via Getty ImagesThe supply chain is in turmoil again with International Longshore & Warehouse Union West Coast Canada members walking off the job after a key union caucus voted down a tentative deal that had temporarily ended the West Coast ports strike last week. Rob Ashton, president of the ILWU Canada, said in a statement that it did not believe the recommendations had the ability to protect union jobs. His group estimated that the first strike would cause an average 6-8 weeks of supply chain disruption before conditions would return to normal. The National Association of Chemical Distributors told CNBC some chemical companies are expected supply chain congestion until October as a result of the strike. Critical chemicals that go into food, cleaning, water purification, and personal care, among many others, flow through the West Coast ports of Canada and down to the United States.

Persons: Prince Rupert, of Prince Rupert in Prince, Trudeau, He's, Kinder Morgan, Ben Nelms, Rob Ashton, Seamus O'Reagan, " O'Regan, Steve Lamar, Lamar, Vancouver and Prince Rupert, Destine Ozuygur, Ozuygur, Eric Byer, Byer, HLS, Captain Adil Ashiq, Ashiq, Paul Brashier, BCMEA Organizations: Prince Rupert Grain Ltd, Canadian, Enbridge Inc, Kinder, Kinder Morgan Inc, Bloomberg, Getty, Warehouse Union, Coast Canada, British Columbia Maritime Employee Association, Canada's Labor, Canada's Transport, Canada Industrial Relations Board, Logistics, CNBC, American Apparel and Footwear Association, Railway Association of Canada, U.S, Port, HLS Shipping, Association of American Railroads, National Association of Chemical Distributors, Canadian National Railroad, Government, ., U.S ., ITS Logistics Locations: of, of Prince Rupert in Prince Rupert, British Columbia, Canada, Petroliam Nasional, West, British, Vancouver, U.S, Port of Vancouver, eeSea, United States, . West Coast, East Coast, China, U.S . West Coast, U.S . East Coast, North America, East, Asia

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