Geopolitics Alpha

Second fatal train collision this year casts doubt over Spain’s high-speed rail network

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GEOPOLITICS ALPHASecond fatal train collision thisyear casts doubt over Spain’shigh-speed rail networkGEOPOLITICS ALPHA

Questions were raised before Toledo crash over rail safety in a country where train travel has surged by 40% Deadly Spanish rail collision – latest updates Spain’s high-speed rail network, the most extensive in Europe and the second largest in the world after China, has long ranked as a point of pride in the country. But Wednesday’s deadly crash – the second in nine months – has recast the spotlight on questions about safety. Officials said at least 64 people were killed on Wednesday morning after two trains collided, leading to the derailment of several carriages. The two trains were carrying 544 passengers. Continue reading...

Directly affected

  • No company is named in this report.

Indirectly affected

  • IYT iShares U.S. Transportation ETF

    iShares U.S. Transportation ETF: it holds transport and logistics firms. Linked by “rail” (transport and logistics) in this story.

  • XLY Consumer Discretionary Select Sector SPDR+2.3% 18d

    Consumer Discretionary Select Sector SPDR: it holds travel and leisure firms. Linked by “travel” (travel) in this story.

  • EWP iShares MSCI Spain ETF-4.4% 11d

    iShares MSCI Spain ETF holds stocks listed in Spain, which this story is about (“spain”).

  • FXI iShares China Large-Cap ETF-4.2% 30d

    iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).

  • UPS United Parcel Service+3.6% 14d

    United Parcel Service (trucking and courier services (no air)): freight and delivery firms move with trade volumes. Linked by “rail” (transport and logistics) in this story.

  • FDX FedEx+1.8% 30d

    FedEx (air courier services): freight and delivery firms move with trade volumes. Linked by “rail” (transport and logistics) in this story.

  • UNP Union Pacific+5.2% 30d

    Union Pacific (railroads, line-haul operating): freight and delivery firms move with trade volumes. Linked by “rail” (transport and logistics) in this story.

  • ZTO ZTO Express (Cayman)-5.6% 16d

    ZTO Express (Cayman) (trucking and courier services (no air), with business in China): freight and delivery firms move with trade volumes. Linked by “rail” (transport and logistics) in this story.

Price reaction, T-5 to T+3

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ZTOPrices arriving within minutes———after closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Questions were raised before Toledo crash over rail safety in a country where train travel has surged by 40% Deadly Spanish rail collision – latest updates Spain’s high-speed rail network, the most extensive in Europe and the second larges…

Source: The Guardian

This story

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12 out of 100

“Second fatal train collision this year casts doubt over Spain’s high-speed rail network” scores 12 out of 100. The score uses 1 sources.