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  • Declining to participate in the settlement fund are World Fuel Services Corp., which owned the oil shipment, and Canadian Pacific Railroad, which transported the oil to Montreal. Much of downtown Lac Megantic was destroyed by a raging fire after the unattended Montreal, Maine& Atlantic train with 72 oil tankers derailed in the middle of the night.

  • Energy impact on KSU   Monday, 23 Mar 2015 | 2:51 PM ET
    Energy impact on KSU

    Kansas City Southern cut first quarter and full-year guidance. CNBC's Morgan Brennan explains what this means for the railroad and stocks.

  • TORONTO, March 23- Canadian National Railway's safety record deteriorated sharply in 2014, reversing years of improvements, as accidents in Canada blamed on poor track conditions hit their highest level in more than five years, a Reuters analysis has found. Canada's Transportation Safety Board said on Tuesday that track failure may have played a role in CN's...

  • 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...