General Information
WSJ: Kansas City Southern rejects $20 billion takeover offer
(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…
Read MoreNew USMCA trade deal could increase demand for nearshoring in Mexico
(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
Read MoreOpinion: How workers can achieve real power
(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…
Read MoreUSDOT introduces National Freight Strategic Plan
(Source: Progressive Railroading 09/08/2020) The U.S. Department of Transportation (USDOT) last week released its first-ever National Freight Strategic Plan (NFSP), which lays out a vision for long-term investments in infrastructure and other essential parts of the nation’s freight system. Required as part of the Fixing America’s Surface Transportation (FAST) Act of 2015, the NFSP identifies major trade gateways and…
Read MoreAmtrak to furlough nearly 2,000 workers, cut 100 managers
(Source: Progressive Railroading 09/08/2020) Amtrak last week announced plans to furlough 1,950 workers and cut 100 management positions due to contracted operations and pinched finances. For several weeks, the railroad conducted a thorough review of its fiscal-year 2021 operating plan and planned service levels, which revealed reduced staffing needs for the next fiscal year, Amtrak officials…
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