Rail transport

Wondering where the economy is going?  Keep an eye on your earnings |  CNN Business

Wondering where the economy is going? Keep an eye on your earnings | CNN Business

New York CNN Business — American businesses are beginning to prepare for a recession. The FedEx Economic Barometer (FDX) stunned Wall Street last week with a massive earnings warning and a lukewarm outlook for the global economy. Bad news from FedEx overshadowed a more promising development on Thursday, the agreement between rail operators and unions …

Wondering where the economy is going? Keep an eye on your earnings | CNN Business Read More »

Good news: the freight railways are not on strike.  Bad news: Service is still terrible |  CNN Business

Good news: the freight railways are not on strike. Bad news: Service is still terrible | CNN Business

New York CNN Business — The absence of a freight rail strike this week is a huge win for the US economy and its still struggling supply chain. But that does not mean that freight railways provide good service to their customers. Many of the issues hampering the supply chain, driving up prices and slowing …

Good news: the freight railways are not on strike. Bad news: Service is still terrible | CNN Business Read More »

First major Wall Street bank to call U.S. recession says 'pessimists will unfortunately prevail'

First major Wall Street bank to call U.S. recession says ‘pessimists will unfortunately prevail’

Deutsche Bank, which became the first major Wall Street bank to forecast a U.S. recession in April, runs through its list of pros and cons to explain why the world’s largest economy could make a soft landing – and comes to the conclusion that it will not. . “Our view is that the pessimists will …

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