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Anglo's Kumba Iron Ore plans to cut 490 jobs as rail crisis hits output

Anglo American's Kumba Iron Ore plans to cut about 490 jobs, it said on Tuesday, after reducing production as it struggles to overcome persistent rail bottlenecks and move sufficient volumes to ports.

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Hallie Jackson Reports

zero lace model. adjusts to low light. and pans and zooms to keep you in frame. take a look at this. so the whole team stays on track. okay, let's get you some feedback. i'm impressed. great, loving your work. meta portal. the smart video calling device that makes work from home, work for you. president biden today celebrating an early morning tentative deal to avoid a hugely disruptive rail crisis. >> the disagreement, the railroad companies will be able to retain and recruit workers, they will be able to continue to operate effectively as a vital piece of our economy. they're really the backbone of the economy. >> the deal came after 20 straight hours of talking, and ending with a tentative, saying that word again, intentionally, agreement, that will, according to negotiators really improve

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Alex Wagner Tonight

inflation reduction act and his aviator sunglasses. they know they have to offer something else to the american people. we can't leave them on their haunches and let trump and dobbs to the work for them. -- inflation is not budging, and then there is talk of a major rail strike that could happen as soon as this friday. both of those things are so huge and so deeply felt by the american consumer. where do you think the biden administration is on this moment in time as they look at the landscape before them? >> talk to a number of former colleagues today, and are always juggling a lot of balls and white houses to put it mildly. so there's a team that's been working on preventing an addressing this rail crisis for sometime. you can see what they've been doing over the past couple of days is engaging with union leaders, engaging with business leaders. secretary walsh is gonna be out there trying to get everybody

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How are railway challenges affecting the grain industry?

A member of the North Dakota Wheat Commission shares how challenges at U.S. railways are affecting the grain industry.

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