Six decades after Japan debuted its shinkansen bullet trains, high-speed railconnects major cities in Europe, South Korea, Taiwan and especially China, which has a sprawling 26,000-mile system. Other regions are embracing it as well: trains race across Morocco, the Saudi Arabian desert and a high-speed line spanning Indonesia’s Java island opens in June. The one […]
Tag: Railroads
U.S. rail strike looms, White House scrambles to avert crisis
The Biden administration urged railroads and unions to reach a deal to avoid a railroad work stoppage, saying on Monday it would pose “an unacceptable outcome” to the U.S. economy that could cost $2 billion a day. Railroads, including Union Pacific (UNP.N), Berkshire Hathaway’s (BRKa.N) BNSF, CSX (CSX.O), and Norfolk Southern, have until a minute […]