Domestic News
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It could take the two largest Canadian railroads a week or more to recover from the effects of a shutdown that briefly stalled billions in freight including transborder trade with the United States. |
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U.S. railroads Norfolk Southern, opens new tab and BNSF Railway on Monday said all embargoes associated with the potential Canadian work stoppage stand canceled and affected rail traffic has resumed. |
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The good news: Canadian National and Canadian Pacific Kansas City trains are rolling just days after a work stoppage for the first time shut down most of the country’s rail network. |
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Air Canada pilots plan to picket at major airports across the country next week as negotiations over a new pay deal get more fractious and the possibility of a strike looms. |
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Canada will impose new tariffs on Chinese-made electric vehicles, aluminum and steel, lining up behind western allies and taking steps to protect domestic manufacturers. |
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BHP Group reported a 39% fall in annual profit because of one-off charges and dialed back its payout to investors as the company spends more to expand in commodities like copper. |
International News
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VTG Rail UK has completed the delivery of the first batch of 34 out of 203 new HOA hopper wagons to Mendip Rail. |
Vale SA has picked finance chief Gustavo Pimenta to replace Eduardo
Bartolomeo as chief executive officer of the Brazilian mining giant. |
