Railroad Industry Affected by BlockadesBy Lorenzo Núñez | Wed, 09/15/2021 - 17:17
Railroad blockades continue to generate losses for various industries, particularly in the state of Michoacan where blockades have become a form of a “sport”. In addition, Kansas City Southern decides to merge with Canadian Pacific after revisiting the merger proposition.
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Railroad blockades have generated yearly losses of over US$691 million causing many problems to various industries and states, particularly in Michoacan, as the blockades represent millions of dollars in losses due to merchandize being detained.
These blockades have primarily affected the automotive industry and have become a source of uncertainty for foreign trade, affecting new investments, job creation, chain logistics and increases in tariffs.
The squabble over the merger with Kansas City Southern continues as KCS declares Canadian Pacific’s offer as the superior proposal over the original Canadian Nationals merger.
Canadian Pacific Railway announced in a press release that the company has completed negotiations of a proposed merger agreement with Kansas City Southern which the KCS Board of Directors has deemed a "Company Superior Proposal."
Vulcan II, a 3D printer, has built two of fifty anticipated homes in southeast Tabasco, Mexico, at the direction of US and Mexican non-profits aiming to provide homes to the most vulnerable families in the region.
New Story, which has helped built more than 2,700 homes and served over 15,000 people throughout Mexico and Latin America, has pivoted from traditional construction methods and partnered with construction technology company ICON and Mexican non-profit ECHALE to screen for qualified families to live in the homes built by Vulcan II.
FONATUR installed the Coordination and Follow-up Committee of TerritoriaIESS Solutions. The project is aimed at improving the economy of rural communities in the southeast of Mexico. Its goal is to reactivate and energize the rural economy and sustainable territorial development in the southeast region of the country. Rogelio Jiménez Pons, director of FONATUR emphasized that the Mayan Train project seeks to promote inclusion and social development, especially in rural areas that have been historically excluded from federal public investment.
The International Chamber of Shipping Looking to Increase Fuel Price
In an effort to reach a carbon neutral shipping industry, which accounts for 2 percent of global carbon emissions, the ICS submitted to the International Maritime Organization (IMO) a proposal for a Market Based Measure (MBM) in the form of a global fuel tax. The fee would consist in a mandatory contribution from merchant ships of more than 5,000 gross registered tons operating worldwide, for each ton of CO2 emitted.