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Railroads

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  • Greenbrier shares find energy outside of energy sector Tuesday, 17 Mar 2015 | 12:50 PM ET

    NEW YORK— The railroad freight-car maker Greenbrier announced a sharp hike in orders during the second quarter, but industry watchers honed in on what railroads want to buy, rather than how much. The Greenbrier Cos. on Tuesday revealed that it had recorded new orders for 10,100 railcars valued at $1.09 billion. According to Chairman and CEO William Furman, there...

  • WASHINGTON, March 13- Rail operators are going to great lengths to prevent oil train derailments but the energy sector must do more to prevent accidents from becoming fiery disasters, the leading U.S. rail regulator said on Friday. Several of those shipments originated from North Dakota's Bakken energy fields. Sarah Feinberg, acting head of the Federal...

  • WASHINGTON, March 13- Rail operators are going to great lengths to prevent oil train derailments but the energy sector must do more to prevent accidents from becoming fiery disasters, the leading U.S. rail regulator said on Friday. Those shipments all originated from North Dakota's Bakken energy fields. Sarah Feinberg, acting head of the Federal Railroad...

  • Railroad companies invest billions   Friday, 13 Mar 2015 | 2:42 PM ET
    Railroad companies invest billions

    Congestion on the rails with freight trains is causing massive delays. CNBC's Morgan Brennan reports on railroad companies that are looking to invest in new and bigger facilities.

  • Gridlock on the railroads   Friday, 13 Mar 2015 | 6:23 AM ET
    Gridlock on the railroads

    CNBC's Morgan Brennan reports unprecedented congestion on the nation's railroads has led some big rail companies to pour billions of dollars into enlarging its operations.

  • Intermodal shipping: Trucks vs. trains   Wednesday, 11 Mar 2015 | 7:18 AM ET
    Intermodal shipping: Trucks vs. trains

    CNBC's Morgan Brennan reports cheaper diesel fuel is making trucking over long distances less expensive than rails to transport products. But Erik Hansen of KS Southern, disagrees.

  • NEW YORK, March 11- Stung by customer backlash over last winter's patchy service, Berkshire Hathaway's BNSF Railways invested billions in shoring up its operations. "BNSF disappointed many of its customers," Berkshire Hathaway CEO Warren Buffett said in a letter to shareholders last month about last year's performance of one of North America's top railroads.

  • WASHINGTON, March 10- The U.S. rail industry is pushing the White House to drop a requirement that oil trains adopt an advanced braking system, a cornerstone of a national safety plan that will soon govern shipments of crude across the country. Representatives of large rail operators met with White House officials last week to argue against the need for...

  • WASHINGTON, March 9- The U.S. Supreme Court on Monday ducked a major ruling on whether Amtrak, the government-owned passenger rail company, wields too much clout in setting regulations that private freight carriers also must follow. Kennedy wrote that the ruling by the U.S. Court of Appeals for the District of Columbia Circuit was based on the "flawed premise" that...

  • WASHINGTON, March 9- The U.S. Supreme Court on Monday ducked a ruling on whether Amtrak, the government-owned passenger rail company, wields too much clout in setting regulations that private freight carriers also must follow. The case was brought by the Association of American Railroads, which had challenged a federal law that gives Amtrak a key role in setting...

  • CALGARY, Alberta, March 5- Canadian crude-by-rail exports dipped in the fourth quarter from the previous three-month period, National Energy Board data showed on Thursday, as poor netbacks deterred some shippers from loading barrels onto trains bound for U.S. markets. "The differentials have come in quite a bit so they just have not been covering the railing...

  • TORONTO, Feb 23- A looming lockout at Canada's biggest railway threatens to delay imports from Asia and may compound a U.S. West Coast port logjam unless last-ditch contract talks succeed on Monday. CN Rail operates freight trains on tracks across Canada and the United States, but Unifor represents only Canadian workers. Ontario- based automakers such as Ford...

  • TORONTO, Feb 23- A looming lockout at Canada's biggest railway threatens to delay imports from Asia and may compound a U.S. West Coast port logjam unless last-ditch contract talks succeed on Monday. CN Rail operates freight trains on tracks across Canada and the United States, but Unifor represents only Canadian workers. A lockout could spur disruptions of...

  • TORONTO, Feb 23- Canadian National Railway Co and the union representing 4,800 of its mechanical, clerical and trucking staff will resume contract talks on Monday, just hours before a deadline set by Canada's No. 1 railway to lock out the workers. CN Rail operates freight and some passenger trains on tracks across Canada and the United States.

  • TORONTO, Feb 23- Canadian National Railway Co and the union representing 4,800 of its mechanical, clerical and trucking staff will resume contract talks on Monday, just hours before a deadline set by Canada's No. 1 railway to lock out the workers. CN Rail operates freight and some passenger trains on tracks across Canada and the United States.

  • LONDON, Feb 23- Train derailments involving crude oil and ethanol in the United States will cost more than $18 billion over the next 20 years, according to an assessment by the U.S. Department of Transportation. USDOT also considered a tail-risk event occurring in a densely populated urban centre such as Chicago and estimated the damages from a single incident...

  • West Coast ports, union reach tentative labor deal Saturday, 21 Feb 2015 | 1:56 AM ET
    Container ships sit docked in a berth at the Port of Oakland on February 17, 2015 in Oakland, California.

    Shipping companies and terminal operators clinched a tentative deal with the dockworkers union, settling a labor dispute causing months of backups at 29 U.S. ports.

  • TORONTO, Feb 20- Canadian National Railway Co said on Friday that barring a settlement by this weekend with Unifor, a union that represents 4,800 of its mechanical, clerical and intermodal staff, it plans to begin to lock out employees on Monday. "We cannot accept the uncertainty that Unifor's month-long strike mandate process will create for our customers," CN...

  • OTTAWA, Feb 20- Canada will increase the insurance railways must carry when they haul crude oil and impose a levy on shippers to help cover the cost of major accidents in the burgeoning oil-by-rail industry, Transport Minister Lisa Raitt said on Friday. Raitt unveiled the measures in a bill which responds largely to the 2013 explosion of a runaway train that...

  • OTTAWA, Feb 20- Canada will boost the minimum insurance that railways will be required to carry when they haul crude oil and will impose levies on oil shipments to build up a supplementary fund to cover major disasters, under a bill introduced on Friday. Transport Minister Lisa Raitt, announcing the legislation, said railroads would have to carry up to C $1 billion...