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Mexico abruptly cancels $3.75 billion contract for Chinese bullet train

(Source: Reuters, November 7, 2014)

NEW YORK — Mexico has revoked a $3.75 billion high-speed rail contract from a Chinese-led consortium after its uncontested bid prompted an outcry from lawmakers, only days after the contract to build the link was awarded.

Full story: Fortune

Friday, November 7, 2014

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DAILY HEADLINES

• AAR reports rail traffic for April and the week ending May 1, 2021
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• CN issues statement on STB’s decision regarding CP’s voting trust
• Fires in two buildings at Amtrak facility in Beech Grove intentionally set, investigators say
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