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The Latest Breaking News from STB

Glasgow‑founded fashion giant collapsed into administration owing £100m

A GLASGOW-FOUNDED high street fashion brand that collapsed into administration owed more than £100 million in unpaid debt ...

The National (Scotland)

Union Pacific CEO responds to Trump idea for U.S. stake in $71.5 billion railroad mega merger: ‘We do not need anybody’s help to do this’

Union Pacific's CEO Jim Vena said he's not had any direct conversations with Trump about the government acquiring a 15% stake in the pending UP-Norfolk Southern merger.

Fortune

Trump floated the idea of a 15% government stake in massive railroad merger

Trump did not name any specific companies, but Union Pacific's pending acquisition of Norfolk Southern is the only known railroad deal currently in progress.

Fortune

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The U.S. freight network is broken by design. One merger could start fixing it

The Union Pacific–Norfolk Southern merger deserves scrutiny but also serious consideration, because the alternative is a system never built to work.

Fortune

Union Pacific argues for its $85B acquisition of Norfolk Southern in new railroad merger application

Union Pacific hopes a new application will be enough to persuade regulators that its $85 billion acquisition of Norfolk Southern would be good for the country

The Independent UK

Fired Surface Transportation Board member sues Trump over his dismissal ahead of rail merger review

A former Democratic member of the U.S. Surface Transportation Board has filed a lawsuit challenging his dismissal by President Donald Trump

The Independent UK

Biggest rail union joins others in endorsing Union Pacific merger but some still have reservations

The nation’s largest railroad union endorsed Union Pacific’s proposed $85 billion acquisition of Norfolk Southern Monday after securing promises to protect jobs

The Independent UK

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Supreme Court Unanimously Agrees To Curb Environmental Red Tape That Slows Down Construction Projects

The case involved a fully permitted railroad track in Utah that has yet to break ground because of environmental lawsuits.

Reason

Secret police tricked Carlos the Jackal into fleeing Prague, archives reveal

New book casts doubt on accepted picture of communist bloc support for violent radicals during cold war

The Guardian - UK

Moving hazardous chemicals by train is far safer than trucks, says top regulator who pushed merger and wants more freight moved by rail

Not even the toxic fireball over an Ohio derailment could shake Martin Oberman’s belief that railroads are a safer way to move hazardous chemicals, and most other freight, than long-haul trucks.

Chicago Tribune

‘Nothing is without risk.’ Feds say safety concerns in railroad merger are unfounded

The news came as no shock, but was disappointing nonetheless to residents in Camanche, Iowa, who for months have vigorously fought a proposed merger of two of the nation’s largest railroads.

Tribune News Service

'India was Singapore’s second largest source market for inbound travellers last year'

NEW DELHI: India emerged as Singapore’s second largest source market for inbound travellers last year. Singapore Tourism Board (STB) on Thursday said Indians accounted for almost 6.9 lakh of the overall 63 lakh global visitor arrivals, with the biggest source market being neighbouring Indonesia.

The Times of India

Singapore expects full tourism recovery by 2024

Singapore's international arrivals beat forecasts in 2022, paving the way for its tourism sector to recover to pre-pandemic levels by 2024, its tourism authority said on Tuesday.

Reuters

Singapore expects tourist total to double

Singapore expects tourist numbers to double from last year to reach 12-14 million in 2023, helped by China’s decision to drop Covid travel restrictions, along with an increase in flight connectivity and capacity.

Bangkok Post

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France 24

Does this video really show children on the front lines of the war in Ukraine?

Is Ukraine sending children to fight on the front lines of the war? That’s what some people on social media are claiming. As proof, they cite a video showing three very young-looking soldiers, which has been circulating online since November 8. It turns out, however, that we could identify two…

The Times of India

'People transiting from a high risk country without crossing immigration don't need negative RT-PCR report to enter India’

NEW DELHI: The mandatory pre-departure RT-PCR test requirement for arrivals from six places, including Singapore, Japan, Hong Kong and Thailand, may not apply to passengers transiting through these places on their way to India.

The Independent UK

Regulators back streamlined system to challenge rail rates

Shippers are praising the proposed changes that federal regulators have approved to the system used to dispute the rates railroads charge

The Independent UK

Union Pacific railroad puts its shipping limits on hold

Union Pacific says it will stop imposing temporary limits on shipments while it reviews the policy that federal regulators and shippers criticized at a hearing last week

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Birmingham Post

Creditors of collapsed Testerworld come forward but likely to lose more than £28m

Administrators of the failed drugs supplier say there is unlikely to be funds available to meet claims

Bangkok Post

Singapore hotel room rates at 6-year high

SINGAPORE: Hotel room rates in Singapore surged last month to the highest in almost six years as tourism makes a dramatic recovery in the city-state after the government eased coronavirus measures.

Roll Call

Freight rail bucks Biden's plea to share cargo - Roll Call

The freight rail industry is bucking a Biden proposal that would force it to share tracks with competitors to make shipping more efficient.

People

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