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  • Jan 22- Canadian Pacific Railway Ltd, Canada's second-largest railroad operator, reported a higher-than-expected quarterly profit as freight volumes jumped and operating efficiency improved. Net income rose to C $451 million, or C $2.63 per share, from C $82 million, or 47 Canadian cents per share, a year earlier, when the company had taken an impairment charge...

  • LINCOLN, Neb.— The number of trains carrying at least a million gallons of crude oil across eastern Nebraska each week has more than tripled since the summer. BNSF said it is moving about a dozen oil trains through eastern Nebraska each week. Officials from BNSF and Nebraska are planning an emergency response exercise for first responders along the oil-train...

  • CSX profit up, expects double-digit growth in 2015 Wednesday, 14 Jan 2015 | 10:51 AM ET
    CSX freight lines run through center city Philadelphia

    CSX reported a higher profit and said it expected a strong increase in its freight business and double-digit earnings growth during 2015.

  • OMAHA, Neb.— CSX officials expect that cheap crude oil prices will help the economy grow and help the railroad deliver significantly better profits this year. CSX Corp. CEO Michael Ward said oil producers in the Bakken oil field can remain competitive on existing wells even if crude oil prices fell as low as $35 a barrel. Crude oil was selling for $46.40 a barrel by...

  • CHICAGO, Jan 13- CSX Corp, the third-largest U.S. railroad, on Tuesday reported a higher quarterly profit that was in line with analyst expectations and said it expected a strong increase in its freight business and double-digit earnings growth during 2015.. Jacksonville, Florida- based CSX reported a net profit of $491 million, up 15 percent from $426 million a...

  • CHICAGO, Jan 13- CSX Corp, the third-largest U.S. railroad, on Tuesday reported a higher quarterly profit that was in line with analyst expectations and said it expected a strong increase in its freight business and double-digit earnings growth during 2015.. Jacksonville, Florida- based CSX reported a net profit of $491 million, up 15 percent from $426 million a...

  • CHICAGO, Jan 13- CSX Corp, the third-largest U.S. railroad, on Tuesday reported a higher quarterly profit that was in line with Wall Street expectations, driven by growth in several freight classes including intermodal and coal. The Jacksonville, Florida- based company reported a net profit of $491 million, up 15 percent from $426 million a year earlier.

  • CSX meets 4Q profit forecast, freight volume rises Tuesday, 13 Jan 2015 | 4:10 PM ET

    JACKSONVILLE, Fla.— CSX Corp.' s fourth-quarter profit rose 15 percent as the railroad operator hauled more freight in fall, a busy shipping season. Net income grew 15 percent to $491 million, or 49 cents per share, from $426 million, or 42 cents per share. The latest results matched forecasts by financial analysts, which called for earnings of 49 cents per share on...

  • Low oil: Good vs. bad for railroad stocks  Tuesday, 13 Jan 2015 | 1:11 PM ET

    Three major ways railroad operators could feel the effects of falling energy prices, with CNBC's Morgan Brennan.

  • CHICAGO, Jan 7- Armed with lessons learned from last year's polar vortex, the U.S. transportation and shipping network faces its first big test of the winter this week as harsh cold and dangerous wind chills buffet the Plains to the East Coast. Snow blanketed much of the eastern United States, with lake-enhanced accumulations of more than a foot in northwest...

  • Transports selloff in focus  Tuesday, 6 Jan 2015 | 4:07 PM ET

    CNBC's Morgan Brennan reports on the selloff in the Dow transports, and what slowing oil production could mean for companies exposed to it.

  • Russia's growing list of problems Tuesday, 30 Dec 2014 | 8:34 PM ET
    Vladimir Putin

    The Russian railway's death toll is part of life under Putin, as the country sometimes fails to provide basic infrastructure despite prospering over the past 14 years.

  • UPDATE 1-Russia may fail to supply wheat to Egypt in Jan Wednesday, 24 Dec 2014 | 4:49 AM ET

    MOSCOW, Dec 24- Russia may fail to supply wheat to Egypt's state buyer GASC in January as its exports have been effectively suspended by informal government curbs, Arkady Zlochevsky, the head of Russia's Grain Union, said on Wednesday. Russia's government imposed informal curbs with tougher quality monitoring and limits on railroad loadings earlier this...

  • LOS ANGELES, Dec 17- Negotiators for shipping lines and terminal operators at 29 U.S. West Coast ports remain far from a deal with union dockworkers after seven months of contract talks, the companies said on Wednesday, again blaming the union for waterfront cargo slowdowns. The Pacific Maritime Association statement came a day before the companies were slated...

  • LOS ANGELES, Dec 15- The union for 20,000 dockworkers and a group of their employers at 29 U.S. West Coast ports say they are making slow but steady progress in months-long contract talks seen by the shipping industry as a contributing factor in chronic cargo backups. The International Longshore and Warehouse Union and the Pacific Maritime Association,...

  • NEW YORK, Dec 14- For the past 18 months, Americans from Albany to Oregon have voiced growing alarm over the rising number of oil-laden freight trains coursing through their cities, a trend they fear is endangering public safety. The public assistance in states like New York, Pennsylvania, Ohio, Oklahoma and Oregon comes as railroads are posting record profits, and...

  • FACTBOX-Taxpayers help subsidize oil-by-rail boom Sunday, 14 Dec 2014 | 7:00 AM ET

    Granting Agency: U.S. Department of Transportation Amount: $10 million Year: 2013 Recipient: South Eastern Pennsylvania Transportation Authority Description: Used to separate a CSX freight and commuter line that became crowded as demand for crude by rail grew in the Philadelphia area. Granting Agency: U.S. Department of Transportation Amount: $6.6 million...

  • WASHINGTON, Dec 8- The U.S. Supreme Court appeared divided on Monday as it considered whether Amtrak, the government-owned passenger rail company, wields too much clout in setting regulations that private freight carriers also must follow. The nine justices heard arguments in a challenge by the Association of American Railroads to a federal law that gives...

  • WASHINGTON, Dec 8- The U.S. Supreme Court on Monday appeared divided as it weighed whether Amtrak, the government-owned passenger rail company, has too much sway over setting regulations that private freight carriers must follow. The nine justices heard oral arguments in a challenge by the Association of American Railroads to a federal law that gives Amtrak, a...

  • Canada rail safety jobs vacant as budget cuts bite Monday, 8 Dec 2014 | 9:00 AM ET

    Rail safety is in focus with the boom in oil shipments and a spate of derailments across North America, and the vacancies create a safety risk, industry experts and Canada's public engineers' union say. The chair of the Transportation Safety Board, Kathy Fox, says there is risk of a spill as long as the government fails to address its oversight weaknesses and...