s·CEO DailyHitachi Rail Group CEO Giuseppe Marino is trying to build high-speed rail in the U.S.
By Diane BradyBy Diane BradyExecutive Editorial Director, Fortune Media and author of CEO DailyDiane BradyExecutive Editorial Director, Fortune Media and author of CEO DailyDiane Brady is an award-winning journalist and author who has interviewed newsmakers worldwide and often speaks the global landscape.
As executive editorial director of the Fortune CEO Initiative, she brings together a growing community of global leaders through conversations, content, and connections.
She is also executive editorial director of Fortune Media and interviews newsmakers for the magazine and the CEO Daily .SEE FULL BIO Hitachi Rail CEO Giuseppe Marino.Photo: Hitachi Rail.In today’s CEO Daily: Diane Brady talks to Giuseppe Marino, Group CEO of Hitachi Rail.
The big story: Trump warns companies after raid on Hyundai in Georgia. The : Up. Plus: All the news and watercooler chat from Fortune. Good morning.
Many CEOs are stepping up to visibly invest in the U.S. right now.
leaders were eager to pledge investments at President Trump’s White House dinner last week and I’ve met with a number of global CEOs announcing new commitments to create U.S. jobs.
Of course, it’s more interesting to see actual jects than mises that might not come to pass.
Last week, I spoke to Giuseppe Marino, Group CEO of Hitachi Rail, who is in Hagerstown, Maryland, today for the official opening of the London-based manufacturer’s $100 million “lighthouse” digital factory and customer experience center.
It’s a smart bet for a company that’s been shifting its focus from building trains to building systems advanced signaling and a “digital twin” platform, which railway customers can use to optimize their networks.
Hitachi Rail accounted for 12% of Japanese parent Hitachi’s $66.4 billion in revenue last year and almost 8.5% of its $7.8 billion in adjusted EBITDA. It’s a small but growing player in the U.S.
rail industry, relative to competitors Wabtec, Siemens and Alstom, with a particular strength in urban passenger rail, which is facing pressure on the political front even as freight transport is booming.
(The Trump Administration has pulled funding for high-speed rail and mass transit, and of course, made it tough for rail manufacturers to import the components they need to build ducts.) Still, Marino is optimistic, saying his company sits at the “intersection of energy transition and digital transition” in a period where the value position of rail transcends .
“The U.S. historically invested more in highway innovation than passenger rail … but I think that’s changing,” says Marino.
Among other things, he argues that “rail is essential for sustainable efficiency” and high-speed rail is “revolutionizing Europe.” Adds Marino: “We’re convinced we can bring this nology here.” And, of course, “create American jobs.” As for me, I’m in Park City, Utah, with many of my Fortune colleagues and top leaders for Fortune Brainstorm , which you can here.
I’ll be sharing more from our conversations—on stage and off—later this week.
CEO Daily via Diane Brady at diane.brady@fortune.comTop newsTrump warns companies after Hyundai raiding the immigration raid that detained 475 workers from a Hyundai electric car battery plant in Georgia, President Trump called on “all Foreign Companies in the United States to please respect our Nation’s Immigration Laws.
Your Investments are welcome, and we encourage you to LEGALLY bring your very smart people, with great nical talent, to build World Class ducts, and we will make it quickly and legally possible for you to do so.” South Korea reached a deal to fly its workers .
Trump threatens Chicago with federal troopsNext up: Trump threatened to unleash troops from the newly named Department of War on Chicago, saying “I love the smell of deportations in the morning.” Illinois Governor JB Pritzker responded on X: “The President of the United States is threatening to go to war with an American city.
This is not a joke. This is not normal.” China trade with U.S. collapsesExports from China to the U.S. declined 33% in August and imports from the U.S.
to China declined 16%, year on year, as Trump’s tariff regime begins to bite, CNBC reports.
Analysts: A few key industries are keeping job numbers above waterApollo Global Management's Torsten Sløk wrote over the weekend that, according to the jobs report, tariff-impacted industries actually experienced negative job growth in August.
Mark Zandi, chief economist at Moody’s Analytics, says job growth in total would be zero without a few industries pulling the weight.Trump sends Hamas a new peace posalWhite House envoy Steve Witkoff has communicated to Hamas the president’s attempt to end the war in Gaza.
The posal involves bringing all Israeli hostages in exchange for the release of up to 3,000 Palestinian prisoners, a ceasefire, and the withdrawal of Israel’s troops from Gaza.
“I have warned Hamas the consequences of not accepting. This is my last warning, there will not be another one!” Trump said on Truth Social.
The new $1 trillion pay package for Tesla CEOTesla’s board unveiled a new pay package for CEO Elon Musk last week that could be worth up to $1 trillion if he hits all of a series of targets.
But the goalposts are so hard to achieve that even the lowest targets will be hard for Musk to reach.The S&P 500 futures were up 0.21% this morning.
The index closed down 0.32% in its last trading session. STOXX Europe 600 was up 0.19% in early trading. The U.K.’s FTSE 100 was up 0.17% in early trading. Japan’s Nikkei 225 was up 1.45%.
China’s CSI 300 was up 0.16%. The South Korea KOSPI was up 0.45%. India’s Nifty 50 was up 0.49% before the end of the session.
Bitcoin declined to $111.6K.Around the watercoolerWhat the ousting of Nestlé’s CEO shows office romance today by Lila MacLellanDow futures rise as recession fears grow while Wall Street awaits the one thing that could derail Fed rate cuts by Jason MaSilicon Valley’s graying workforce: Gen Z staff cut in half at companies as the average age goes up by 5 years by Emma BurleighMillennial investor behind Deroo, Scale AI and Figma made millions in his 20s—he s how Gen Z can spot a startup that’ll make them rich too by Orianna Rosa RoyleCEO Daily is compiled and edited by Joey Abrams and Jim Edwards.
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