Posts in tag

Rail transport


Goldman Sachs Group Inc. and Morgan Stanley were quick to move large blocks of assets before other large banks that traded with Archegos Capital Management, as the scale of the hedge fund’s losses became apparent, according to people with knowledge of the transactions. The strategy helped limit the U.S. firms’ losses in last week’s epic …

Canadian Pacific Railway Ltd. agreed to acquire Kansas City Southern in a merger valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada. The companies said Sunday their boards agreed to a deal that values Kansas City at $275 a share in a combination of cash and …

Uber Technologies Inc. is seeking to acquire Grubhub Inc. in an all-stock deal that would unite two of the biggest players in meal delivery at a time when the coronavirus pandemic has sparked a surge in demand for their services. Uber, which in addition to its flagship ride business operates a big meal-delivery unit known …

WASHINGTON—Amtrak inched closer to breaking even last year, the company reported Friday, as rising ridership and cost cuts continued a multiyear improvement in the railroad’s financial performance. Amtrak reported an adjusted operating loss of $29.8 million across the entire national railroad network, significantly beating a previous target of a loss of $75 million in the …

The foundations of the dynamic economies of the 21st century will be massive agglomerations of people. In the new era of the learning machine, anything that is routine – from a production line to the legal processes surrounding buying and selling a house – will be performed by a robot. What will drive economic activity …