Archive for September 2020

(Source: Washington Post, September 9, 2020) WASHINGTON, D.C. — Under intense grilling from lawmakers, Amtrak chief executive William J. Flynn said Wednesday that the railroad needs nearly $5 billion in federal assistance to help make up for losses caused by the coronavirus pandemic. Full story: Washington Post Thursday, September 10, 2020

(Source: Nasdaq.com, September 10, 2020) NEW YORK — According to a report published in The Wall Street Journal, Kansas City Southern has rejected a takeover offer from a group of investors. The offer from Global Infrastructure Partners and the infrastructure arm of Blackstone was reportedly valued at $208 per share. Kansas City Southern believes the…

(Source: Freight Waves, September 8, 2020) CHATTANOOGA, Tenn. — As the coronavirus pandemic continues to disrupt international trade, Mexico stands to benefit from more companies moving manufacturing to North America, said Patrick Ottensmeyer, president and CEO of Kansas City Southern. Full story: Freight Waves Wednesday, September 9, 2020

(Source: Opinion column by Lynn Rhinehart published by The Nation, September 7, 2020. Rhinehart was general counsel of the AFL-CIO until July 2018.) WASHINGTON, D.C. — Our economy is out of whack, and workers know it. Their wages are flat, CEO pay continues to skyrocket, and a pandemic has left tens of millions of workers…