After months of twists and turns, Canadian Pacific Railway Ltd. sealed a $27 billion deal to acquire Kansas City Southern, claiming a prize that will create the first railroad spanning the U.S., Canada and Mexico.
Even as they struggle with one of the world’s worst COVID-19 outbreaks, nations across Southeast Asia are slowly realizing that they can no longer afford the economy-crippling restrictions needed to squash it.
The damage to offshore platforms and pipelines was so severe that two out of every three barrels of crude normally pumped from the U.S. sector of the Gulf of Mexico are unavailable.
The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of COVID-19 drives freight prices ever higher.
Shanghai has halted some container port operations and will cancel most flights Monday and Tuesday as Typhoon Chanthu approaches the city, which is China’s financial capital and a major shipping hub.
Marc Gilbert, managing director of the Industrial Goods and Consumer Practices of Boston Consulting Group, reveals the findings of the firm’s latest report on global trade growth, and discusses the factors that will shape the future of trade.
Boris Johnson’s reluctance to turn to the European Union to ease a supply chain crisis that has seen shelves in supermarkets run empty has highlighted his government’s priority: Brexit first.
