Business Opportunities

Class I Railroads Eye US-Mexico Intermodal Opportunities

The U.S. Class I railroads say they’re ready to handle any influx of business that might occur at the U.S.-Mexico border as a result of nearshoring and shifting consumer patterns.

The trade deal between the U.S., Mexico and Canada (USMCA) helped to lay a foundation for continued trade among the three countries, while the coronavirus pandemic has raised some questions about expanding sourcing beyond China. 

Tensions between the U.S. and China, as well as consumers’ preferences to access goods more readily, have also factored into the issue of nearshoring.

“With our network, capacity and expertise, BNSF’s Mexico intermodal service is well-positioned to help shippers take advantage of anticipated growth in the movement of consumer goods to and from Mexico,” Paul Hirsch told FreightWaves. Hirsch is the assistant vice president of the Mexico business unit for Western railroad BNSF (NYSE: BRK).

Hirsch said shifting trends in the U.S. and Mexico

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The business social network adds more social features

LinkedIn, the business social network, will look more and more like Facebook.

LinkedIn, which has 700 million members, redesigned its website, introducing “Stories,” ephemeral posts first popularized by Snapchat, then exploited by Facebook and its Instagram. The changes rolled out Thursday.

LinkedIn, which once was a place where people posted their resumes and looked for connections, has evolved into a more robust social network of people who use it for more than job seeking, according to the company.

LinkedIn sports a new look.
LinkedIn sports a new look.

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“We’re seeing people share more and comment more,” says Kiran Prasad, LinkedIn vice president of product, as users seek “a stronger sense of community on the platform.” He calls the evolution 

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The Strength Of NYSE: WMT Essential To Environmental Programmes

Is Walmart Inc.'s (NYSE:WMT) High P/E Ratio A Problem For Investors?

The large scale and disapproval of Wal-Mart Stores Inc. NYSE: WMT has been conveyed over the years. However, its magnitude has tremendous consumer influence, and the organisation has started to use this influence to accomplish some worthy aims in recent years. 10 years ago, the supermarket giant’s then CEO Lee Scott reacted to criticism by proposing new business priorities, including fostering balanced environments and reducing greenhouse gas emissions. As he put it: Ecological issues are our concerns because it is one of the biggest businesses in the world with a rising global footprint.

Since Scott left the organisation during 2009, he has been increasing its activities from the promotion of wild fauna protection to sustainable energy options and the quality of the goods they market since his original request to resolve environmental concerns. Walmart, for instance, launched the Acres for America campaign in 2005, which donates money to protect the … Read More

MetLife Boosts Group Benefits Business With Acquisition

MetLife, Inc. MET recently inked a definitive agreement to acquire Versant Health, which is a leader in vision care and owner of renowned Davis Vision and Superior Vision, from private investor group headed by Centerbridge Partners.

Subject to customary approval, the all-cash transaction valued at $1.675 billion is likely to conclude by the end of fourth-quarter 2020.

Benefits of the Deal

The deal will enable MetLife to have access to around 35 million members of Versant Health, which in turn, is likely to enhance its vision benefit offering. Notably, MetLife has an impressive record of providing group vision insurance to customers since 2012. The latest deal will not only make it the third largest U.S. vision insurer with around 38 million members but also benefit clients, who will have access to the largest provider and plan options network of Versant Health.

Apart from making MetLife a leader in managed vision

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