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The results were hurt by the derailment costs, a drop in its fuel surcharge revenue and flat volume. Without the derailment costs, the railroad would have made $601 million, or $2.65 per share. The analysts surveyed by FactSet Research expected Norfolk Southern to report earnings per share of $2.64, on average. Norfolk Southern officials said their volume has improved over the past month to reach levels they haven't seen since the second quarter of 2022. Norfolk Southern is one of the nation's largest railroads operating in the Eastern United States.
Persons: Alan Shaw, , That's, Edward Jones, Jeff Windau Organizations: Norfolk, Norfolk Southern, FactSet Research, Eastern Locations: OMAHA, Neb, East Palestine, Norfolk Southern, Ohio, Atlanta, Norfolk, Eastern United States
REUTERS/Jonathan Drake/File Photo Acquire Licensing RightsOct 25 (Reuters) - U.S. railroad operator Norfolk Southern's (NSC.N) third-quarter profit slumped 41% on Wednesday as the company took another hefty charge related to the Eastern Ohio freight train derailment. The company took a $163 million hit in the quarter following a $416 million charge on its quarterly statement in the second quarter and a $387 million charge in the first. Norfolk reported quarterly income from railway operations of$756 million, including the derailment charge, compared to $1.3 billion earned last year. The company's quarterly results were in contrast with that of peer Union Pacific (UNP.N), which reported profit above estimates last Thursday. Reporting by Ananta Agarwal and Mehr Bedi in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
Persons: Jonathan Drake, Ananta Agarwal, Mehr Bedi, Arun Koyyur Organizations: University of North, REUTERS, U.S . Justice, Union Pacific, Thomson Locations: Norfolk Southern, Chapel Hill , North Carolina, U.S, Norfolk, Eastern Ohio, of Mexico, Great Lakes, Bengaluru
Rio Tinto hosted media to Gudai-darri's mine, plant and 34 megawatt solar farm last week, as well as its Dampier port and rail operations. At Gudai-darri, Rio will not mine below the water table in order to conserve an aquifer important to the Banjima people. Iron ore exports were worth A$124 billion ($78.79 billion) last year. Earlier this month, Aboriginal elders walked off a heritage survey on a Rio Tinto iron ore project over concerns it had played down the harm it caused them after blasting impacted an Indigenous rock shelter in August. Rio, which began shipping iron ore in 1966, shares the region with other iron ore majors including BHP Group (BHP.AX) and Fortescue (FMG.AX).
Persons: Melanie Burton, Fortescue, Rio, Miral Organizations: REUTERS, Rio Tinto, BHP Group, Thomson Locations: Rio, Dampier, Port Dampier, Perth, Australia, DAMPIER, Western Australia, Rio Tinto's, darri, Rio Tinto
The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. The UAW walkouts cost the company $200 million during the third quarter and $600 million so far in the fourth quarter, GM Chief Financial Officer Paul Jacobson said in a briefing with reporters. Strike costs are now running at $200 million a week, Jacobson said. Average selling prices for GM vehicles were $50,750 in the latest quarter, slightly down from the previous quarter. GM also said losses at its Cruise robotaxi unit widened to $732 million in the quarter.
Persons: Rebecca Cook, GM's, Colin Langan, Paul Jacobson, Jacobson, Shawn Fain, Tesla, Mary Barra, We're, Barra, Biden, Ford, Elon, Joe White, Ben Klayman, Jamie Freed, Kirsten Donovan, Chizu Organizations: General Motors, REUTERS, Rights, Tuesday, United Auto Workers, GM, UAW, Chevrolet, Detroit, EV, GMC, U.S, Thomson Locations: Detroit , Michigan, U.S, Arlington , Texas, Flint , Michigan, North America, Orion Township , Michigan
[1/2] Argentina's presidential candidate Sergio Massa gestures during a press conference a day after the first round of Argentina's presidential election, in Buenos Aires, Argentina October 23, 2023. Local media reported similar though more informal campaigns in some hospitals, and the energy secretary warned the price of subsidized gas could double. 'CHAINSAWING' THE WELFARE STATE? "At the other end of the chainsaw he totes at rallies are the pocketbooks of millions of Argentines," he added. Additional reporting by Candelaria Grimberg and Lucinda Elliott; Editing by Adam Jourdan and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.
Persons: Sergio Massa, Cristina Sille, Sergio Massa's, Javier Milei, Massa, Milei, Amparo Anzaldi, Benjamin Gedan, Wilson, Cristina Fernandez de Kirchner, Ana Monclus, meanwhile, Anna, Catherine Brigida, Candelaria Grimberg, Lucinda Elliott, Adam Jourdan, Aurora Ellis Organizations: REUTERS, Argentine Economy, Peronist, Massa, Local, International Monetary Fund, Reuters, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Argentine
Bangladesh trains collide, killing 17, wounding scores -police
  + stars: | 2023-10-23 | by ( ) www.reuters.com   time to read: +1 min
[1/2] A general view of derailed compartments of train after two trains collided in Bhairab, about 80 kilometres northeast of the capital Dhaka, Bangladesh, October 23, 2023. REUTERS/Piyas Biswas Acquire Licensing RightsDHAKA, Oct 23 (Reuters) - At least 17 people were killed and scores injured on Monday after two trains collided in eastern Bangladesh, police said. A passenger train crashed into a freight train in Bhairab, about 80 kilometres (50 miles) northeast of the capital Dhaka. The freight train smashed into the passenger train from behind, crumpling two coaches, he said. "Initial reports suggest the freight train broke the signal, leading to the tragedy," Hossain said.
Persons: Piyas Biswas, Anowar Hossain, Hossain, ” Mohammad Masud, Ruma Paul, Bernadette Baum, Chris Reese Organizations: REUTERS, Piyas, Rights, Dhaka Railway Police, Authorities, Thomson Locations: Bhairab, Dhaka, Bangladesh, Rights DHAKA
Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a meeting at the Belt and Road Forum in Beijing, China, October 18, 2023. Sputnik/Sergei Guneev/Pool via REUTERS/File Photo Acquire Licensing RightsBEIJING, Oct 23 (Reuters) - Chinese and Russian companies attending a regional conference in northeastern China signed a raft of cooperation deals on Monday in sectors ranging from manufacturing and logistics to e-commerce and agriculture, Chinese state media reported. The conference in Shenyang, the capital of Liaoning province, followed last week's meeting in Beijing between Russian President Vladimir Putin and China's President Xi Jinping. Russian local government officials, business representatives as well as nearly 800 Chinese companies hoping to enter the Russian market were attending the conference. In January to September, 40 Russian firms set up businesses in Liaoning, China's national broadcaster reported on Monday.
Persons: Vladimir Putin, Xi Jinping, Sergei Guneev, Xi, Ryan Woo, Ellen Zhang, Simon Cameron, Moore Organizations: Forum, Sputnik, Rights, West, China's, Chinese, Administration of Customs, Thomson Locations: Beijing, China, Rights BEIJING, Shenyang, Liaoning province, Russia, Ukraine, Liaoning, Heilongjiang, Jilin, Vladivostok, Russian, Zhoushan, Zhejiang
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
My faith was huge,” said the 46-year-old woman, fearing her son would be forcibly recruited by a criminal organization. For many migrants like Hernández, their faith has been essential for coping with their challenging circumstances. Mexican President Andrés Manuel López Obrador said in early October that about 10,000 migrants per day were heading to the U.S. border. Agape welcomes migrants of any faith or ideology, but everyone is encouraged to attend services on Wednesdays, Fridays and Sundays. “Imagine the experience of faith,” Rivera said.
Persons: Erika Hernández, , don’t, ” “, , Hernández, Andrés Manuel López Obrador, José Guadalupe Torres, Biden, Albert Rivera, Rivera, , , Mariana Flores, ” Miguel Rayo, Rayo, Pat Murphy, Alma Ramírez, ” Ramírez, Virgin Mary, Guadalupe, Ramírez, Murphy, ” Rivera, they’ll Organizations: Familia, Movimiento Juventud, Central, Agape, Casa, Catholic, Missionaries, Casa del, , Lilly Endowment Inc, AP Locations: TIJUANA, Mexico, Mexico City, United States, Tijuana, America, U.S, Guanajuato, Guerrero, Pacific Coast, Casa Migrante, Casa
Venezuelans were arrested 54,833 times by the Border Patrol after entering from Mexico in September, more than double from 22,090 arrests in August and well above the previous monthly high of 33,749 arrests in September 2022. Venezuela plunged into a political, economic and humanitarian crisis over the last decade, pushing more than 7 million people to leave. Political Cartoons View All 1211 ImagesThe U.S. “surged resources and personnel” to the border in September, said Troy Miller, acting commissioner of Customs and Border Protection. Mexicans were arrested 39,733 times crossing the border in September, well behind Venezuelans. Republicans seized on the latest numbers as its leading presidential candidates have tried to frame the border as a major issue in next year's elections.
Persons: Venezuelans, Biden, Nicolás, , Troy Miller, ” Miller, Alejandro, Mayorkas, Mark Green of Organizations: DIEGO, Border Patrol, U.S . Customs, Protection, Customs, Central Americans, Republicans, Homeland, House Homeland Security Locations: U.S, Mexico, Venezuela, America, United States, New York, Chicago, South America, Africa, Asia, Hondurans, Mark Green of Tennessee
"Anecdotally from technicians we are seeing a significant increase in interest (in the UK)," a spokesperson for Rentokil said in an emailed statement to Reuters. Rentokil Pest Control in the UK tracked a 65% increase year-on-year in recorded bedbug activity in the second quarter of 2023, versus last year. "This is when a pest technician had confirmed the activity," the spokesperson said. An activity is when a technician has been on a customer site and confirmed the presence of bedbugs. Reporting by Anchal Rana and Yadarisa Shabong in Bengaluru; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.
Persons: Stephanie Lecocq, London Sadiq Khan, PoliticsJOE, Rentokil, Anchal Rana, Yadarisa, David Evans Organizations: Hygiene, REUTERS, Paris Olympics, bedbugs, Transport, Reuters, Thomson Locations: bedbugs, L'Hay, Paris, France, French, London, Rentokil Pest, Bengaluru
Up and down the West Coast, the ShakeOut drill was scheduled to begin at 10:19 a.m. PDT with a cellphone-rattling test alert from the region's ShakeAlert earthquake warning system. The U.S. Geological Survey said it was likely due to a mix-up in time zones set in the test alert system. Political Cartoons View All 1211 ImagesThe ShakeOut earthquake drills are coordinated by the Southern California Earthquake Center at the University of Southern California. The ShakeOut drill originated in California in 2008. The first one was based on a scenario of a magnitude 7.8 earthquake on the southern section of California’s mighty San Andreas Fault.
Organizations: , Geological Survey, Southern California Earthquake, University of Southern, Schools Locations: SACRAMENTO, Calif, California, West Coast, U.S, California's, Sacramento, San Joaquin, Delta, University of Southern California
The Omaha, Nebraska, railroad earned $1.53 billion, or $2.51 per share, during the quarter, That's down from $1.9 billion, or $3.05 per share. The number of shipments Union Pacific delivered slipped 3% in the quarter, and while costs improved about 4% they remained elevated at $3.76 billion. But the average speed of the railroad's trains increased to 200 daily miles per car. Shares of Union Pacific gained more than 3% Thursday to trade for $213.16 around midday. Union Pacific is one of the nation's largest railroads and operates more than 30,000 miles of track in 23 western states.
Persons: Jim Vena, , , Vena, Edward Jones, Jeff Windau, he'll Organizations: — Union Pacific's, FactSet Research, Union Pacific, Union, Union Pacific's, of Union Pacific Locations: OMAHA, Neb, The Omaha , Nebraska, Norfolk Southern, Ohio
Danish traveler Torbjorn Pedersen says he is the first person to visit every country in the world — without flying. The best and worst timesPedersen had planned to stay in Hong Kong for about a week when he arrived in January 2020. Pedersen spent the most time in Hong Kong, staying 772 days because of the Covid -19 pandemic. "I feel more at home in Hong Kong than I do in Copenhagen, " he said. Torbjorn Pedersen
Persons: Torbjorn Pedersen, Pedersen, Ross, Selena Wright, I've, Torbjorn Pedersen Pedersen, it’s Organizations: CNBC, Ross Energy, United Nations Locations: Singapore, Bolivia, Hong Kong, Vatican City, Copenhagen, Cameroon, Congo, Denmark, Eritrea, Ethiopia, Solomon
Oct 19 (Reuters) - Technip Energies (TE.PA) shares plummeted on Thursday after French newspaper Le Monde said the oil and gas company may have failed to comply with European Union sanctions against Russia by continuing to supply equipment to a Russian gas project. Technip Energies said in a statement after its shares fell as much as 22% that it had always respected international sanctions and its contractual obligations regarding the Arctic LNG2 project in Russia. "Technip Energies has worked with the relevant authorities and has complied with sanctions gradually imposed by the European Union, the United States and Britain," it said. The equipment delivered by Technip involved two modules for the construction of a liquefaction train worth around 450 million euros, Le Monde said, citing Russian customs records, maritime data and satellite images. "$800 million of market cap came off, it's a very harsh response, and suggests the news scared investors out there," said the analyst, who spoke on condition of anonymity, referring to the Le Monde story.
Persons: Le Monde, Monde, Technip, China's CNPC, Piotr Lipinski, Nathan Vifflin, Benjamin Mallet, Silvia Aloisi, David Evans Organizations: Union, Russia, European Union, Le, Japan, Mitsui & Co, Thomson Locations: Russian, Russia, United States, Britain, Paris, EU, Ukraine, Gdansk
Longer Commutes, Shorter Lives
  + stars: | 2023-10-19 | by ( David Leonhardt | More About David Leonhardt | ) www.nytimes.com   time to read: +1 min
The scheduled flight time between Los Angeles and New York, for example, has become about 30 minutes longer. Nearly every other part of the trip also lasts longer than it would have a few decades ago, thanks to traffic on the roads and airport security. All told, a cross-country trip could take a few more hours today than it would have in the 1970s. In 1969, Metroliner trains made two-and-a-half-hour, nonstop trips between Washington and New York. Today, there are no nonstop trains on that route, and the fastest trip, on Acela trains, takes about 20 minutes longer than the Metroliner once did.
Persons: Shorter Organizations: Aviation, Auto Locations: U.S, Los Angeles and New York, Washington and New York
"The UAW is holding the deal hostage over battery plants," said Ford Chief Executive Jim Farley on Sept. 29. Since then, the union has not announced an agreement on battery plant issues with GM or the other automakers. Stellantis and Samsung SDI (006400.KS) have announced plans to build two EV battery plants in Kokomo, Indiana, employing up to 2,800 workers in total. Ford officials have not disclosed details of their proposals for battery plant wages or unionization. Yet, we are very open to working with them on a way forward on the battery plants," Ford executive Kumar Galhotra said on Oct. 12 of talks with the UAW.
Persons: Shawn Fain, bargainers, Jim Farley, Fain, Ultium, Joe Biden's, CATL, Tesla, Stellantis, haven't, Kumar Galhotra, Joe White, Nick Zieminski Organizations: DETROIT, United Auto Workers, Detroit Three, General Motors, Ford, Chrysler, UAW, Detroit, GM, Ultium, Tesla, Samsung SDI, Thomson Locations: Northeast Ohio, Detroit, U.S, Michigan, Belvidere , Illinois, KS, Kokomo , Indiana
(AP) — CSX reported a 24% drop in the railroad's third-quarter profit Thursday as it hauled 2% less freight, but the CEO said customers are noticing that its trains are running more smoothly. The Jacksonville, Florida-based railroad said it earned $846 million, or 42 cents per share, in the quarter. Hinrichs said customers are noticing that the railroad's service has been consistently better over the past year, and that is opening the door to more conversations about increasing the amount they ship on the railroad. Three CSX employees have died on the job since June, prompting unions to call for better training and a review of the use of remote-control locomotives. CSX is one of the nation’s largest railroads, operating trains on more than 20,000 miles (32,000 kilometers) of track in 23 Eastern states and two Canadian provinces.
Persons: , Joe Hinrichs, Hinrichs, Mike Cory Organizations: — CSX, FactSet Research, CSX, ” Revenue Locations: OMAHA, Neb, Jacksonville , Florida
It is close to several museums, including Bucks County Civil War Museum and Library; Michener Art Museum, which has a sculpture garden; and Mercer Museum, which has a large collection of early American tools and vehicles. A SEPTA station is less than a mile away; from there, trains make the trip to Center City Philadelphia in about an hour and a half. Size: 3,908 square feetPrice per square foot: $512Indoors: A wrought-iron fence lined with neat hedges separates this property from the street. To the right is a family room with a fireplace that has a marble mantel. To the left is a living room connected to a dining room by a wide, column-flanked doorway.
Organizations: Bucks, Civil, Museum and Library, Michener Art Museum, Mercer Museum, SEPTA, Center City Philadelphia Locations: Doylestown, Pa, Hope, Trenton, N.J
Attilio Avellino – one of his nine children, and born on Ponza – joined his father in the Big Apple in 1946. But now, after decades in the US, their descendants are back on the island – living inside their old casa grotta (cave home), which they’ve renovated to a modern standard. Homes sculpted from the rockBrigida Avellino and Loredana Romano have swapped the US for their ancestral 'cave home' on Ponza. Loredana RomanoBrigida Avellino, 70 – Attilio’s daughter – lives with her daughter Loredana Romano, 44, in one of Ponza’s most beautiful cave homes. Ponza, on the other hand, is a small island which makes Romano feel safer.
Persons: we’ll, Stanley Tucci, CNN —, they’ve, Luigi Avellino, Ponza, Attilio Avellino –, Ponza –, Loredana Romano, Loredana Romano Brigida, , ” Romano, Attilio Avellino, Loredana Romano Avellino, I’ve, , Avellino, , Romano, Silverio, Loredana, she’s, She’s, wasn’t, Romano –, Brigida Avellino, there’s, we’re Organizations: CNN, intel, Big Apple, Avellino, Loredana Romano Brigida Avellino, CNN Travel, Ponza, Apple, Alamy Locations: Rome, Ponza, Naples, New York, Loredana, Avellino, York City, Le Forna, Florida, Ponza’s, Italian
GM will report third-quarter results Oct. 24, with Ford following on Oct. 26. The strikes have costing GM and Ford more than $500 million, JP Morgan analyst Ryan Brinkman estimated in a note Monday. Ford is now losing $44 million a day, while GM is losing $21 million a day, Brinkman estimated. GM and Ford shares have fallen sharply since July as the standoff with the UAW has intensified. GM has set up a new, $6 billion credit line as insurance against an expanded UAW strike.
Persons: Rebecca Cook, Morgan Stanley, Adam Jonas, Morgan, Ryan Brinkman, Ford, Brinkman, Shawn Fain, Fain, Mich, Farley, Tim Piechowski, Joe White, David Evans Organizations: Rouge Electric Vehicle, REUTERS, Rights, General Motors, Ford, United Auto Workers, GM, Ford's, Kentucky, Detroit, EV, UAW, Capital Research, Investments, Thomson Locations: Dearborn , Michigan, U.S, Ford's Kentucky, Marshall
And I thought, ‘Well, why not?’”In April 2021, Barto traveled to Italy to begin searching for a home. While Italian residents don’t pay property taxes on their main residence, non-resident property owners are required to pay a local property tax. Barbara Barto“You don’t really have to get out and drive. I don’t miss that at all.”Although she hasn’t been able to visit home since moving to Italy, Barto is planning to return to the US for the festive holidays. Language barrierWhile she’s picked up some Italian, Barto still finds the language difficult, and mainly relies on Google Translate when it comes to communicating with Italians.
Persons: Barbara Barto, ” Barto, wouldn’t, she’d, hadn’t, Barto, Kirk Fisher, I’ve, I’m, , , Barbara Barto “, she’s, it’s “, ” She’s, didn’t, can’t, hasn’t, Barbara, ’ ” Barto, you’ve, who’ve Organizations: CNN, & Garden Television, CNN Travel, Elective, Google, Italian National Healthcare System Locations: Fort Worth , Texas, Palombaro, Abruzzo, Italy, United States, , Texas, Rome, Venice, “ Texas,
The deal would value Arriva, which operates red London buses and train services in the UK, at around 1.6 billion euros ($1.68 billion) including debt, the sources said. However, while the deal is nearing final stages, the sources cautioned that the timing could still shift. Deutsche Bahn said in an emailed statement: "We want to sell DB Arriva by the end of 2024. Reuters reported in April that British transport company FirstGroup (FGP.L) and I Squared had been weighing competing bids for parts of Arriva. Its annual sales rose to 4.2 billion euros in 2022, making up 7.5% of Deutsche Bahn's total revenue.
Persons: Andrew Couldridge, Emma, Victoria Farr, Andres Gonzalez, Markus Wacket, Susan Fenton Organizations: Arriva, REUTERS, Squared Capital, Deutsche, Reuters, Financial Times, Deutsche Bahn, DB Arriva, London's, Cross Country, Deutsche Bahn's, Thomson Locations: Harlow , Britain, FRANKFURT, LONDON, Miami
How Jesmyn Ward Is Reimagining Southern Literature
  + stars: | 2023-10-13 | by ( Imani Perry | ) www.nytimes.com   time to read: +5 min
Ward is classically beautiful — delicate and golden-skinned with her hair hanging in long curls. The town is important to Ward for another reason, though: Her great-grandfather Harry was the son of a white mother, Edna. Ward borrowed her family’s complex racial history in writing “Sing, Unburied, Sing.” That family history tells us something about how Ward thinks about history and its relationship to her fiction. The contours of Ward’s life were formed by two hurricanes. In 1969, Hurricane Camille struck, marking a terrible watershed in Black life on the Gulf Coast.
Persons: Ward, Black, wilder, , Brett Favre, Harry, Edna, Regina N, Bradley, She’s, Annis, Mitchell S, Jackson, Eddie S, Glaude Jr, Reagan, Hurricane Camille, Martin Luther King Jr, Camille Organizations: Hall of Fame, Gulf Coast, Bay Area Locations: Ward’s, Hurricane, Gulf, Oakland, Calif, Los Angeles, Bay
The ruling, which extended Latin American’s trend of widening abortion access, happened a year after the court’s U.S. counterpart went in the opposite direction. Three years later, deeply conflicted by the inequality in abortion access, she became an activist and received training to become an acompañante. “We saw it in the United States.”Aguiar and her colleagues plan to keep advocating for reproductive rights. “To lead informative brigades and communicate that we can provide pills for those who can’t access abortion medication there.”It’s no coincidence that Lira’s views are influenced by migration. “But abortion access is just the tip of the iceberg.
Persons: , P, Lira, ” Lira, Roe, Wade, , Sofia Aguiar, , Eduardo Verástegui, Carlos Aguiar Retes, Rodrigo Iván Cortés, Aguiar, ” Aguiar, “ We’ve, Minerva, Monica Rosas, ” Rosas Organizations: World Health Organization, , Supreme, Information Group, Verástegui, Lira, Lilly Endowment Inc, AP Locations: TIJUANA, Mexico, U.S, Tijuana, Mexico’s, Mexican, Baja California, San Diego, Mexico City, GIRE, United States, California, Colombia, Central America
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