“While the company understands this is a complex humanitarian crisis, most migrants are not crossing the border on trains,” Union Pacific said in a statement.
The attacks in the Red Sea, which handles about 12% of world trade as a key waterway for goods and energy, have emerged as a fresh threat to global supply chains.
The acquisition is a further consolidation of the industry in the United States, which is now dominated by three major companies: Cleveland-Cliffs, Nucor and Steel Dynamics.
Shanghai Shanshan Lithium Battery Material Technology Co. Ltd has reserved a plot to construct a plant in the GigaVaasa industrial zone on the western coast of Finland.
About 17,000 ships and 10% of global trade pass every year through The Bab al-Mandab strait, also known as the Gate of Tears, which is only 20 miles (32km) wide.
The current level of spare capacity indicates that the end of a global manufacturing recession “is still some way off,” said GEP’s vice president of consulting, Todd Bremer.