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Key Union Votes Down Freight Rail Contract, Making Strike More Likely
Posted inBrotherhood of Locomotive Engineers and Trainmen Freight (Cargo) International Association of Sheet Metal, Air, Rail, and Transportation Workers (SMART) Labor and Jobs Paid Time Off Railroads Strikes

Key Union Votes Down Freight Rail Contract, Making Strike More Likely

The tentative agreement, brokered in September with help from the Biden administration, had averted a strike before the midterm elections.
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Posted by By Noam Scheiber
Supreme Court Debates Pennsylvania Law Opening Courts to Suits Against Companies
Posted inBiden, Joseph R Jr Corporations Norfolk Southern Corporation Pennsylvania Railroads Suits and Litigation (Civil) Supreme Court (US) Virginia

Supreme Court Debates Pennsylvania Law Opening Courts to Suits Against Companies

A novel Pennsylvania law requires corporations that do business in the state to consent to being sued there, even if the suits have nothing to do with the state.
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Posted by By Adam Liptak
Kenya Discloses Part of Secret Railway Contract With China
Posted inBelt and Road Initiative (China) China International Relations Kenya Kenyatta, Uhuru Muigai Railroads Ruto, William

Kenya Discloses Part of Secret Railway Contract With China

The public disclosure of a 2014 loan agreement for a cross-country train fulfilled a campaign vow by President William Ruto and revealed China’s tough terms.
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Posted by By Abdi Latif Dahir
Berkshire Hathaway Reports Third-Quarter Loss
Posted inBerkshire Hathaway Inc Buffett, Warren E Company Reports Inflation (Economics) Insurance Railroads United States Economy

Berkshire Hathaway Reports Third-Quarter Loss

The company’s huge investment portfolio lost money, while its insurance arm felt the effects of Hurricane Ian and inflation-driven rises in property and damage claims.
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Posted by By Michael J. de la Merced

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