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UPDATE 2-South Africa's Transnet faces strike as wage talks stall

Union leaders at state-owned South African freight logistics group Transnet said they planned to pursue a strike after their members rejected a 4% across-the-board wage hike offer.

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Brazil startup Buser raises $138 million from LGT, Softbank and others

Brazilian intercity bus startup Buser said on Thursday it had raised 700 million reais ($138 million) from LGT Lightrock, Softbank, Monashees and other venture capital firms to fund new services aimed at a ten-fold expansion next year.

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Train collision in Pakistan kills at least 30

A collision between two passenger express trains in southern Pakistan killed at least 30 people on Monday, and the death toll was likely to rise as rescuers were still trying to access several mangled coaches, a police official told media.

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McConnell says Republicans' infrastructure proposal not final offer -CNBC

By Reuters Staff
1 Min Read
FILE PHOTO: U.S. Senate Minority Leader Mitch McConnell (R-KY) speaks during a news conference with fellow Republican senators on Capitol Hill in Washington, U.S., May 25, 2021. REUTERS/ERIN SCOTT
WASHINGTON (Reuters) - U.S. Senate Republican Leader Mitch McConnell on Thursday said Republicans’ counter offer to President Joe Biden’s infrastructure plan was not a final offer and that his caucus was open to continued talks on a possible bipartisan deal.
McConnell, speaking in an interview on CNBC, said Republicans were open to more spending on infrastructure but that the money should come from funds already allotted to states and localities under earlier COVID-19 relief bills.

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Canadian Pacific reiterates commitment to buy Kansas City without raising bid

By Reuters Staff
1 Min Read
May 20 (Reuters) - Canadian Pacific Railway Ltd on Thursday reiterated its commitment to buy Kansas City Southern without raising the buyout offer for the railroad operator.
Reporting by Shreyasee Raj in Bengaluru; Editing by Aditya Soni

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Indonesia's Gojek, Tokopedia merge to create tech giant

Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia are merging to create a multi-billion dollar tech company called GoTo in the country's largest-ever deal, as rivals bulk up in the fast-expanding sector.

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Wall St sees chance of higher bid for Kansas City Southern from Canadian Pacific

3 Min Read
(Reuters) -Wall Street is expecting Canadian Pacific to raise its offer for Kansas City Southern even at the cost of more debt to win the bidding war with larger Canadian railroad rival Canadian National.
FILE PHOTO: A wagon of a freight train of the Kansas City Southern (KCS) Railway Company is pictured in Toluca, Mexico October 1, 2018. REUTERS/Edgard Garrido/File Photo
In the latest twist to the takeover saga, the U.S. railroad operator on Thursday accepted Canadian National’s $33.6 billion offer, leaving Canadian Pacific just five business days to make a new offer.
Analysts said Canadian Pacific was unlikely to let go a chance to be the first railway spanning the United States, Mexico and Canada easily even though it had said it would not leverage its books to outbid Canadian National.

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Poland's InPost to launch eleven new logistics hubs this year

By Reuters Staff
1 Min Read
GDANSK, April 14 (Reuters) - Polish parcel locker company InPost said on Wednesday that it will launch 11 logistics hubs throughout Poland in response to growth in the courier services market.
InPost, which debuted on Euronext in Amsterdam in January, runs more than 11,000 automated parcel machines in Poland and provides courier services based on over 60 logistics centres.
The parcel business is widely used in Poland by sellers on online commerce platform Allegro.
The hubs will add more than 100,000 square meters to the company’s infrastructure, InPost also said.
“In 2020 we doubled turnover and the parcel volume we service - this year is set to be even better,” InPost Chief Executive Rafal Brzoska said in a statement.

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Swedish self-driving start-up Einride raises $110 million

2 Min Read
LONDON, May 6 (Reuters) - Swedish electric self-driving vehicle start-up Einride said on Thursday it has raised $110 million in its latest funding round, including new investments from Maersk’s venture capital arm and Singapore state investor Temasek.
This brings the total amount Einride has raised to $150 million and the fresh financing will be used to scale up deployments with the start-up’s major customers in Europe and the United States.
The company has developed the Einride Pod, an electric self-driving truck without a driver cabin.
Einride’s customers include Coca-Cola Co and Electrolux.
Chief Executive Officer Robert Falck told Reuters Einride has between 10 and 20 vehicles and aims to use the funding to have five to six times as many operating, mostly in the United States. He declined to give a specific valuation for the company but said it is approaching $1 billion.

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Canadian National posts near 4% fall in profit

Canadian National Railway on Monday reported a 3.6% fall in quarterly profit, hit by lower automotive shipments.

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