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  • CSX 1Q profit falls 14 pct as weather slows rails Tuesday, 15 Apr 2014 | 4:40 PM ET

    OMAHA, Neb.— Harsh winter weather slowed CSX railroad and contributed to a 14 percent drop in first-quarter profit, even as freight volume grew modestly. On Tuesday, the railroad based in Jacksonville, Fla., reported net income of $398 million, or 40 cents per share, in the quarter ending March 31. That's down from $462 million, or 45 cents per share, a year ago.

  • LONDON, April 15- Electro-Motive Diesel, the world's largest diesel locomotive manufacturer, has taken delivery of the first of four specially designed liquefied natural gas tenders ultimately destined for use on the Canadian National railroad.

  • Hoeven: BNSF pledges to speed fertilizer delivery Monday, 14 Apr 2014 | 10:29 AM ET

    The North Dakota Republican said BNSF Executive Chairman Matt Rose told him over the weekend that the railroad "will dedicate additional resources and crews to get fertilizer to North Dakota producers faster."

  • California to see surge in oil brought in by rail Sunday, 13 Apr 2014 | 3:24 PM ET

    VENTURA, Calif.— California is preparing for an oil boom— brought in on rail cars. There are no pipelines that bring crude oil into California. According to the California Public Utilities Commission, five California refineries have facilities either about to come online or in the planning stages that will let them receive crude-oil deliveries by rail.

  • US urges oil-by-rail sector to agree a safer tank car Wednesday, 9 Apr 2014 | 3:59 PM ET

    "My target date is as soon as possible," Foxx told a panel of the Senate Appropriations Committee when asked when the new standard would be ready. The Department of Transportation is responsible for mandating a new tank car design, but officials are counting on input from industry.

  • Feds say oil trains should have two-man crews Wednesday, 9 Apr 2014 | 10:41 AM ET

    The Federal Railroad Administration had asked a freight rail industry advisory committee to make recommendations on whether two-man crews should be required, but the industry officials were unable to reach a consensus after working on the issue for months. The crew proposal was prompted by an accident last July in the town of Lac-Megantic in Quebec, Canada.

  • Ethanol producers complain about rail service Thursday, 3 Apr 2014 | 2:31 PM ET

    OMAHA, Neb.— Ethanol producers say clogged rail lines and other shipping problems have forced them to reduce production of the fuel and contributed to higher prices. The Renewable Fuels Association criticized railroads Thursday and triggered a strong response from the Association of American Railroads.

  • OTTAWA, April 3- Governments should require companies shipping crude oil by rail to carry enough liability insurance to make up for shortfalls in coverage carried by railways, the president of Canada's second-largest rail operator said on Thursday.

  • Gas prices ready to downshift, in time for summer Friday, 28 Mar 2014 | 1:33 PM ET

    Gasoline prices have increased in part because of an ethanol price hike, but the national average will stay low this summer.

  • Gartman: US learned way without Keystone     Monday, 24 Mar 2014 | 7:38 AM ET

    Discussing whether the U.S. really needs the Keystone XL oil pipeline, with Dennis Gartman of The Gartman Letter.

  • TORONTO, March 19- A record-shattering Canadian harvest, combined with one of the most frigid winters in decades, has created a grain-handling backlog that will not be cleared until next year, the head of Canadian National Railway said on Wednesday.

  • Riding the economic rails: BNSF CEO     Tuesday, 18 Mar 2014 | 8:16 AM ET

    Carl Ice, CEO of BNSF Railway, shares his thoughts on the renaissance in the railroad industry as commodity shipping picks up steam after this winter's harsh weather. We handled half the growth that the industry had, says Ice.

  • Gauging the rail industry     Monday, 17 Mar 2014 | 8:17 AM ET

    Discussing whether the increase in oil shipments by railway in the U.S. is causing congestion on the rail for other commodities, with Tony Hatch, ABH Consulting. Also, a look at the investment environment for rail stocks.

  • Surge in oil shipped by rail: WSJ     Friday, 14 Mar 2014 | 8:46 AM ET

    Warren Buffett, Berkshire Hathaway Chairman & CEO, weighs in on the WSJ report saying there is a surge in oil being shipped by rail which is "sidetracking" other industries. Dan Gilbert, Quicken Loans founder & Chairman, weighs in.

  • CN Rail CEO says will meet Ottawa's grain shipment target Wednesday, 12 Mar 2014 | 3:07 PM ET

    *Trucker strike in Vancouver causing lumber backlog. TORONTO, March 12- Canadian National Railway Co, the country's biggest railroad operator, said on Wednesday it will meet the federal government's order to ship 500,000 tonnes of grain a week, but its chief executive said there would still be a severe backlog even under ideal conditions.

  • MOSCOW, March 8- Rosatom, Russia's state energy corporation, said on Saturday it would resume nuclear fuel shipments to Europe via Ukraine after Kiev lifted a ban imposed during anti-government protests earlier this year on transporting the hazardous material.

  • WINNIPEG, Manitoba/ OTTAWA, March 7- Canada's government took the drastic step on Friday of forcing the country's two major rail companies to ship at least 500,000 tonnes of grain each a week to ease a massive backlog that is hurting farmers.

  • NEW YORK/ CALGARY, Feb 28- New U.S. rules to toughen classification standards for oil-train shipments will affect less than 3 percent of the tank cars now hauling crude across the country, leaving older, flawed models on the tracks, officials and industry sources say.

  • WASHINGTON, Feb 28- New York Gov. Andrew Cuomo said on Friday officials have launched inspections at state rail yards to protect people from potential accidents involving shipments of volatile crude oil from the Bakken oil fields in North Dakota.

  • WASHINGTON, Feb 26- U.S. lawmakers are expected to question regulators and rail industry officials on Wednesday about several recent fiery derailments, focusing on whether shipments from energy producing regions such as North Dakota's Bakken area are being handled safely.

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