Third quarter intermodal volumes drop after year of growth
Total intermodal volumes fell 2.9 percent year-over-year in the third quarter of 2021, according to the Intermodal Association of North America’s Intermodal Quarterly report. International…
Culp plots GE’s next act as deal closing unlocks possibilities
General Electric Co. CEO Larry Culp is about to close his biggest deal yet. And to hear him tell it, he’s just getting started.
Exxon, Chevron eye billions in buybacks as cash flows surge
Exxon Mobil Corp. and Chevron Corp. are plowing windfall profits into share buybacks as soaring energy prices boost cash flows.
G-20 leaders plan to stop funding offshore coal, draft statement says
Leaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climate objectives…
Copper output sinks to seven-month low in top producing nation
Chile just registered its worst month for copper production since February as the world’s biggest supplier of the metal was hit with labor disruptions and…
U.K. warns ‘two can play at that game’ after French threats
The U.K. suggested it could respond in kind to French threats to disrupt trade, ratcheting up the tensions in an increasingly bitter dispute over post-Brexit…
Indian Railway firm tanks after Government asks to share half of revenue
India’s top railway e-ticketing company recouped most of its losses after a record plunge of 30% as the government canceled its proposal to share half…
Panama Canal closes 2021 fiscal year with record tonnage and investments in its sustainable future
Containers led in total tonnage, while LNG, LPG, vehicle carriers and dry bulkers drove overall growth, fueling the Panama Canal’s strong FY21 amid continued supply…
American Air CEO urges swift prosecution after worker’s assault
The chief executive officer of American Airlines Group Inc. says the carrier has banned a passenger who “violently, physically assaulted” a flight attendant and he’s…
Huawei posts fourth straight sales slump as US sanctions bite
Huawei Technologies Co.’s sales shrank for a fourth straight quarter as the Chinese technology giant’s overseas smartphone and telecom-equipment businesses continued to struggle following a…
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