$10bn Vadhavan – a game of political musical chairs
The will of the people…
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
A ‘Long Read’ from Bloomberg on Indian Railways, still one of the most infuriating, admirable and downright unworkable organisations that human history has ever seen. “Most nations have an annual budget for government spending. India has two. One for Indian Railways and one for everything else.” Even more extraordinary, perhaps, is the unusual fact that freight effectively subsidises passenger operations – it brings in something like three-quarters of IR’s annul budget, and yet accounts for just a quarter of the trains. Interesting for train spotters, freight geeks and India-philes alike.
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