Posts

Showing posts with the label compete

3 railroads join up to compete with CPKC to serve Mexico

Three major freight railroads are responding to the recent Canadian Pacific-Kansas City Southern merger OMAHA, Neb. -- Three major freight railroads responded Monday to the Canadian Pacific-Kansas City Southern merger with an agreement to work together on a competing service to carry shipments across North America. Canadian National, Union Pacific and Grupo Mexico railroads said Monday that they will work together to quickly move intermodal cars filled with shipping containers from Mexico north across the United States to the key hub of Chicago and further north into Canada. The new service will directly com Pet e with CPKC's new single-line network that is the only railroad directly connecting all three countries. The three railroad s said Monday they believe their service will be superior to CPKC because Grupo Mexico has a bigger rail network in Mexico and Union Pacific has a more direct route north to Chicago. “This is a steel wheel interchange service that leverages the best o...

How proposed government ban on controversial non-compete clauses could impact the economy

Image
"Start Here" spoke with an economic expert about the proposal made by the FTC chair to end non-compete agreements from worker contracts. Millions of Americans have had to struggle to find a new jobs due to a measure in their contracts that prevents them from working for a direct competitor following a set period of time. These non-compete agreements have been controversial for years, as some economic experts contend they hurt competition within the labor market. Lina Khan, the chair of the U.S. Federal Trade Commission, openly called for ending those clauses in a New York Times op-ed published on Monday. ABC News' "Start Here" podcast spoke with Sarah Miller, the executive director of the American Economics Liberties Project, a non-profit that advocates for antitrust regulations, about this proposal. STOCK PHOTO/Getty Images START HERE: Sarah, you’ve applauded this move. Why? SARAH MILLER: Absolutely so. Last week, the FTC proposed a new rule that would ban fu...