President Putin appeared indifferent to harsh Western sanctions and was on occasion seen making jokes, surrounding himself with a group of flight attendants, and dismissing the idea of meeting with Ukraine’s President Zelensky. Its actual, further goal is to usher in an entirely different political and cultural system. However, this helps us understand that the war on Ukraine is not only aimed at preserving Russia’s strategic security, disarming the “Nazis” in Kyiv and transforming Ukraine into a neutral country, as the Russian narrative claims. It is unlikely that Putin will achieve his ideological ambitions on a large scale, at least not in the foreseeable future. This appears to be part of a trend of leaders who have achieved internal political and economic success for years, enjoy broad popular support, and then pursue military expansion (such as in Syria) to promote their ideological and cultural worldview. At times, Putin appeared as if a cultural theorist seeking to impose a model of thinking that is anti-Western. For years, Putin focused in his rhetoric on criticizing not only the Western liberal order, whose demise he repeatedly declared, nor NATO, which he views as a threat, but also Western cultural values in which he sees the scourge of this age. However, this is not the first time such statements have been made. In one angry speech, Putin said the West was an empire of lies and vowed that the Russians would not bow their heads. The benefits of a single-line service across the continent will also become more apparent as CPKC moves lumber from British Columbia to legacy markets of Kansas City Southern, Brooks said, "although we are seeing the impacts of a softer economy on residential construction and related building products.Today, as his military fights a bloody war, President Putin has not ceased to give speeches that mix political and cultural criticism of the West. On the plus side, the railway hauled higher volumes of "frac sand'' and steel as well as automotive products amid ongoing demand for parts and finished vehicles. "This is not to say that everything's been perfect.'' Long-term growth "This is a long game, it's not about the first quarter ,'' Creel said, though he also acknowledged the snarls caused by the strike. The operation is not expected to come back online until 2024, as CPKC works to divert fertilizer to other ports. Grain volumes also fell five per cent year over the year, while potash shipments and revenue plummeted 18 per cent - despite heightened global demand - due to a "major mechanical failure'' in April at the Canpotex bulk terminal in Portland, Ore., Brooks said. In better years, the corrugated steel boxes, which haul everything from kitchenware to construction materials, accounted for about a quarter of Canadian Pacific Railway's total revenues, rather than one-fifth as they did in CPKC's second quarter this year. Vancouver port worker walks a picket line after a rejected deal on July 19, 2023. "No doubt a challenging quarter as we dealt with a softer demand environment,'' CEO Keith Creel said on the conference call. In the first week alone, it depressed the number of containers hauled by Canadian railways to barely half the level reached during the same period in 2022, according to the American Railroad Association.ĬPKC framed its first quarter following a major merger as a tough one, as demand for container shipments and some bulk goods fell across the rail sector. The 13-day strike - plus a brief wildcat job action - earlier this month halted operations at most ports along the West Coast. "At this point, we're estimating the strike had a negative impact of about $80 million in revenue, much of which we will work hard to claw back over the remainder of Q3 and Q4," John Brooks told analysts on a conference call Thursday. of scores of millions of dollars, its chief marketing officer said, tacking on a costly coda to a tough quarter. port workers' strike deprived Canadian Pacific Kansas City Ltd.
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