HOUSTON, July 1- Union Pacific Corp will impose a $1,200 per-car surcharge on oil shippers that move crude in older railcars, the company told customers this week, becoming at least the second U.S. railroad to charge extra amid widespread safety concerns. Union Pacific said it changed its tariff in response to stronger U.S. rules for handling flammable liquids...» Read More
RALEIGH, N.C.— Like many fast-growing parts of the country, North Carolina's Triangle region is trying to avoid being strangled by its own success: Traffic is thickening, drivers are getting stuck in it and there's no simple solution in sight. The population of the three counties that include Raleigh, Durham and Chapel Hill is forecast to grow by more than 40...
CNBC's Morgan Brennan takes a look at why investors are hitting the brakes on the railroad sector after cruising for many years.
WASHINGTON, June 24- U.S. commuter and freight railroads may be forced to suspend service or face daily fines beginning Jan. 1, unless Congress extends its year-end deadline for implementing new safety technology, lawmakers were told on Wednesday. The National Transportation Safety Board estimated that more than 245 people have died and 4,260 have been...
Transports are lagging on Wall Street. CNBC's Morgan Brennan reports the latest.
Sarah Feinberg, acting chief of the Federal Railroad Administration, told a House subcommittee that she sympathizes with railroad officials who have said they are unlikely to meet the congressionally mandated deadline. But Feinberg said that unless Congress acts to extend the deadline, she has no choice but to require railroads to install a technology...
WASHINGTON— Senate Republicans Tuesday proposed cuts to community health centers, national service, and grants to help children from low- and moderate-income families attend preschool as they unveiled the largest domestic appropriations bill, a $153 billion measure that's sure to attract a veto threat from President Barack Obama. The author of the bill, Roy...
The government's railroad watchdog is urging railroads to use more caution after the fatal Amtrak crash last month.
Leos Novotny, Leo Express CEO, plans on replicating the same model of euro-styled trains to the U.S.
Craig Hodges, The Hodges Fund, shares his play on the airlines, rails and construction.
Digging into the woes setting up for the transport companies, with Donald Broughton, Avondale Partners, and Brandon Oglenski, Barclays.
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.