WASHINGTON— An emotional Amtrak CEO pledged to lawmakers Tuesday that safety technology that could have prevented a deadly derailment last month in Philadelphia will be put into operation, while Democrats and Republicans exchanged barbs over whether Congress or the Obama administration is most to blame for railroads not installing the technology.» Read More
BISMARCK, N.D.— BNSF Railway Co. says it's planning employee furloughs due to slipping freight shipping demand across its rail network. BNSF is based in Fort Worth, Texas, but is part of Warren Buffett's Berkshire Hathaway Inc., based in Omaha, Nebraska. The railroad is the biggest player in North Dakota's oil patch, hauling most of the the more than 1.1 million...
Digging into the woes setting up for the transport companies, with Donald Broughton, Avondale Partners, and Brandon Oglenski, Barclays.
The Amtrak engineer, Brendan Bostian, suffered a head injury in the accident in Philadelphia and has told investigators he can't remember what happened. Northeast Regional train 188 accelerated to a speed of 106 miles per hour in the last minute before entering a curve where it derailed. The National Transportation Safety Board has been recommending that the...
One day after an Amtrak train derailed on May 12 near Philadelphia, killing eight passengers, the Republican-controlled House Appropriations Committee approved a $1.14 billion Amtrak budget, a $252 million cut from fiscal 2015.. "Philadelphia was preventable and it was predictable," Senator Richard Blumenthal of Connecticut said at a news conference.
For the size of the U.S. economy, it lags far behind many of the world's most developed countries in spending on rail networks. The New York Times reports.
BRASILIA, May 19- Chinese Premier Li Keqiang will push trade, finance and investment deals worth tens of billion of dollars on Tuesday to help Brazil upgrade its dilapidated infrastructure and boost a slumping economy. On his first official trip to Latin America, Li will meet President Dilma Rousseff and attend the signing of a raft of agreements ranging from a...
An assistant conductor on the derailed Amtrak train believes she heard the engineer say it had been struck. NYT reports.
Discussing investment in America's rail infrastructure, with Ed Hamberger, Association of American Railroads.
1.5 million people commute into New York City daily, so what would happen if one of the two tunnels into Manhattan were to close, with Tom Wright, Regional Plan Association President.
Two trains slipped off their routes Thursday, two days after a deadly Amtrak accident placed scrutiny on U.S. infrastructure.
The derailed cars are empty, according to a local NBC affiliate.
Investigators said an Amtrak train was traveling at more than double the posted speed limit just before a fatal crash.
Chris Pollone, NBC News, reports the latest details on the Amtrak crash that left seven people dead and hundreds injured.
The Republican-controlled House of Representatives Appropriations Committee rejected a Democratic bid to provide Amtrak the full $2.45 billion in funds for the upcoming fiscal year requested in President Barack Obama's budget. The cause of Tuesday's crash has only begun to be investigated, but federal investigators said preliminary data showed the...
Philadelphia Mayor Michael Nutter briefs the public on the Amtrak train derailment that occurred Tuesday night.
Insight to what could have happened to the derailed Amtrak train, with Rick Campbell, CTC President.
A House committee voted to cut Amtrak funding by $251 million, reports CNBC's John Harwood.
Authorities say the Philly train that derailed Tuesday night was going at least 100 mph, reports CNBC's Eamon Javers.
Former U.S. Secretary of Transportation Ray LaHood, discusses state of the art rail infrastructure elsewhere in the world, and steps to increase safety on trains.
Watch security video footage of when the Amtrak train derailed.