Palestine

Texas court sides with Union Pacific over 1872 jobs pact with town

A Texas appeals court recently declared an 1872 jobs agreement between Palestine, Texas, and Union Pacific to be unenforceable.

The ruling moves Union Pacific (NYSE: UNP) a step closer to its goal of closing a rail car shop in the east Texas town of 18,000.

The 12th Court of Appeals in Tyler, Texas, issued the ruling on Feb. 22, finding that the agreement requiring Union Pacific to maintain a set number of jobs in Palestine — a pact that was signed in 1872 and updated in 1954 — places restraints...

https://www.freightwaves.com/news/texas-court-sides-with-union-pacific-over-1872-jobs-pact-with-town

Report to Congress on Israel and U.S. Relations

The following is the Aug. 15, 2023, Congressional Research Service report, Israel: Major Issues and U.S. Relations.

From the report

Israel has forged close bilateral cooperation with the United States in many areas. A 10-year bilateral military aid memorandum of understanding commits the United States to provide Israel $3.3 billion in Foreign Military Financing and to spend $500 million annually on joint missile defense programs from FY2019 to FY2028, subject to congressional appropriations. Some...

https://news.usni.org/2023/08/16/report-to-congress-on-israel-and-u-s-relations

Is the Dry Market bouncing back? Low Wets with ups and downs a big concern. Messy Geopolitics with Covid becoming more than a dangerous long-term issue…

Is the Dry Market bouncing back? Low Wets with ups and downs a big concern. Messy Geopolitics with Covid becoming more than a dangerous long-term issue…

John Faraclas

The BDI (Baltic Dry Index), thanks to all sub-indices, except the Capes, is now over and above the 2,800-point threshold and reads 2,801 – plus six points. Wets very low with unbalanced ups and downs. The ongoing Israeli – Palestinian conflict unless same ends here and now will create the exact opposite result and Armageddon will...

https://allaboutshipping.co.uk/2021/05/19/is-the-dry-market-bouncing-back-low-wets-with-ups-and-downs-a-big-concern-messy-geopolitics-with-covid-becoming-more-than-a-dangerous-long-term-issue/

Falling BDI, Wets ”breath” again amid MIGRANTS surge, an explosive Middle East and uncertainty over Coronavirus.

Falling BDI, Wets ”breath” again amid MIGRANTS surge, an explosive Middle East and uncertainty over Coronavirus.

John Faraclas

The BDI (Baltic Dry Index) lost 61 points since yesterday and now stands at 2,795, losing also the 2,800 points threshold… Wets plus points: vital. Spain sends troops to halt 8,000 MIGRANTS pouring in its borders in Ceuta… Israel and the Palestinians opt to continue fighting and seems we will witness a peripheral explosion. Narrow-minded politicians from both sides need...

https://allaboutshipping.co.uk/2021/05/18/falling-bdi-wets-breath-again-amid-migrants-surge-an-explosive-middle-east-and-uncertainty-over-coronavirus/

Union Pacific seeks to close Texas car repair facility

A photograph of two Union Pacific locomotives parked in a rail yard.

As many as 57 employees could be laid off by mid-June at a Union Pacific (NYSE: UNP) maintenance facility in Palestine, Texas.

Union Pacific (UP) confirmed that it recently told employees that it would be closing the main car repair facility in Palestine as part of its broader effort to make operational changes across the railroad’s network. Although UP didn’t specifically mention precision scheduled railroading in its statement, it said the operational changes were part of a “continuous effort...

https://www.freightwaves.com/news/union-pacific-seeks-to-close-texas-car-repair-facility

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