Thursday, November 21

Tag: Land Transport

The New Star on the Political Scene: The Chip Industry
29Dec By adminNo Comments
Technology

The New Star on the Political Scene: The Chip Industry

Updated Dec. 29, 2023 12:06 am ETSemiconductors have played the starring role in state visits. Nvidia’s chief executive was feted by heads of state like a visiting dignitary. Government delegations have shuttled around the globe hobnobbing with chip makers. For an industry that suddenly finds itself as a geopolitical showpiece, the attention is a mixed bag.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The New Star on the Political Scene: The Chip Industry
29Dec By adminNo Comments
World

The New Star on the Political Scene: The Chip Industry

Updated Dec. 29, 2023 12:06 am ETSemiconductors have played the starring role in state visits. Nvidia’s chief executive was feted by heads of state like a visiting dignitary. Government delegations have shuttled around the globe hobnobbing with chip makers. For an industry that suddenly finds itself as a geopolitical showpiece, the attention is a mixed bag.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Why Can’t Italy’s Economy Get Into Gear? Consider the Taxi Line
26Dec By adminNo Comments
World

Why Can’t Italy’s Economy Get Into Gear? Consider the Taxi Line

Updated Dec. 26, 2023 12:04 am ETMILAN—Finding a taxi in Italy’s financial capital when it is raining involves long lines and patience. During trade fairs and fashion shows it is even harder: Demand surges but the number of taxis stays the same.Even on sunny days, there are lines of suitcase-laden travelers searching forlornly for a taxi at airports and train stations around Italy. Many locals don’t even bother trying. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Yellow Rejects Bid to Revive the Collapsed Trucking Company
8Dec By adminNo Comments
World

Yellow Rejects Bid to Revive the Collapsed Trucking Company

Updated Dec. 7, 2023 7:24 pm ETYellow rejected an offer to revive the bankrupt trucker and rehire thousands of its former workers, effectively ending a long-shot effort to reverse the collapse of one of the country’s biggest freight carriers. Lawyers for Yellow told the group seeking to resurrect the trucking company in a letter Wednesday that its bid was “not viable” and that Yellow is moving ahead with the sale of about 130 truck terminals that raised almost $1.9 billion at a bankruptcy auction this month. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Uber, Jabil, Builders FirstSource to Join S&P 500
3Dec By adminNo Comments
Money

Uber, Jabil, Builders FirstSource to Join S&P 500

Uber Technologies, Jabil and Builders FirstSource will join the S&P 500, S&P Global said Friday.The three will replace Sealed Air, Alaska Air Group and SolarEdge Technologies in the index, respectively.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Amtrak Tries to Take Union Station
27Nov By adminNo Comments
Health

Amtrak Tries to Take Union Station

Amtrak is a rolling master class on government in action, and the latest example is its effort to seize control of Union Station in Washington via the power of eminent domain. In a case being heard in federal district court, the railroad is trying to get the station’s “leasing rights” for $250 million, which the private leaseholder says is about a third of the fair market value.The railway wants to do a concourse modernization project to add more seating, increase signage in the terminal, and improve infrastructure. In a September hearing before Washington, D.C., federal district Judge Amit Mehta, Amtrak CEO Steven Gardner said that the current leaseholder, a company called USI, isn’t helping the railway accomplish its plans. He complained that there’s “a mismatch” between Amtrak and “a p...
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Crews Extinguish Fire After CSX Train Derailment in Kentucky
23Nov By adminNo Comments
World

Crews Extinguish Fire After CSX Train Derailment in Kentucky

Updated Nov. 23, 2023 5:40 pm ETHundreds of emergency workers in Kentucky put out a large fire on Thursday after a CSX freight train carrying molten sulfur derailed a day earlier, officials said. Residents evacuated from the small town of Livingston can return home.Gov. Andy Beshear declared a state of emergency due to the Rockcastle County derailment, which involved 16 cars, according to the Florida-based train operator. CSX said crews are recovering spilled material from the ground and removing railcars. The cause of the derailment is under investigation, the company said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Last-Minute Bid Would Seek to Revive Collapsed Trucker Yellow 
8Nov By adminNo Comments
World

Last-Minute Bid Would Seek to Revive Collapsed Trucker Yellow 

Jack Cooper Transport, a specialized operator that hauls automobiles for carmakers, plans to submit a bid backed by $1 billion in financing and support from the Teamsters union and some U.S. lawmakers that would halt the liquidation of trucking giant Yellow and seek to resurrect the shuttered business, according to people familiar with the matter. The improbable effort would require the Treasury Department to defer repayment for several years of a $700 million loan provided to Yellow under a Covid pandemic-era bailout, one of several debts that helped push one of the country’s biggest truckers into collapse earlier this year. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Delays in Acela Upgrade Have Cost Amtrak $140 Million…and Counting
8Nov By adminNo Comments
World

Delays in Acela Upgrade Have Cost Amtrak $140 Million…and Counting

Listen to article(2 minutes)The three-year wait for Amtrak’s overdue new Acela train fleet has cost the railroad $140 million and counting, documents show, a setback for a company that has vowed to improve its stewardship of taxpayer money.As France-based trainmaker Alstom struggles with testing requirements and production defects on the $2.3 billion program to replace the Acela trains, Amtrak has had to spend millions of dollars in maintenance costs to keep its aging, existing fleet in operation. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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