Cargo chaos looms as strikes threaten Canada's ports and rail networks
Strike action has threatened to erupt at both Canada’s ports and rail networks, leaving the ...
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
SEEKING ALPHA reports:
Canadian Pacific (NYSE:CP) dropped 3.2% as the U.S. Dept. of Justice reiterated that the U.S. railroad regulator should block the Canadian Pacific (CP) merger with Kansas City Southern. CP was also likely weaker following guidance from rival Canadian National (CNI). CNI fell 4.6%.
“During the Board’s September 28, 2022 hearing on the above-captioned transaction, the applicants argued that the Board should infer that the Antitrust Division does not believe the transaction has the potential to cause harm,” the DOJ wrote in a letter Tuesday to the Surface Transportation Board or STB. “No such inference should be drawn.”
The DOJ said it was reiterating comments it first made in April 2021 that the the railroad regulatory had “serious concerns” about increasing consolidation in the industry…
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