Tag: Railroads

The Troubles of Kenya’s China-Funded Train

Chin@Strategy

MOMBASA, Kenya — Fireworks popped and confetti rained down in the seaside city of Mombasa when Kenya’s president inaugurated the country’s new railway — designed, funded and built by China. President Uhuru Kenyatta proclaimed that the new train would connect the port in Mombasa to the neighboring country of Uganda, create jobs and help transform Kenya into an industrialized, middle-income nation. “This is a very historic moment,” President Kenyatta, waving a giant Kenyan flag, told the gathering of Kenyan and Chinese officials. “We should be proud.” That was five years…

Global Shipping Delays Loom Over Retailers for the Holidays

Chin@Strategy

WASHINGTON — It was 73 days until Christmas, and the clock was ticking down for Catch Co. The Chicago-based fishing company had secured a spot to sell a new product, an advent calendar for fishing enthusiasts dubbed “12 Days of Fishmas,” in 2,650 Walmart stores nationwide. But like so many products this holiday season, the calendars were mired in a massive traffic jam in the flow of goods from Asian factories to American store shelves. With Black Friday rapidly approaching, many of the calendars were stuck in a 40-foot steel…