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Railroads

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  • Transports chug to new highs     Wednesday, 29 Oct 2014 | 6:54 AM ET

    Jason Seidl, Cowen & Company, provides perspective on what's driving transports higher as oil prices slide lower.

  • Charles "Wick" Moorman, Norfolk Southern CEO, explains why he doesn't think the industry needs more mergers to have a bright and compelling future.

  • UPDATE 1-CN Rail earnings up on higher volumes Tuesday, 21 Oct 2014 | 4:40 PM ET

    TORONTO, Oct 21- Canadian National Railway Co reported higher third-quarter earnings on Tuesday as revenue jumped on higher freight volumes. Net income rose to C $853 million, or C $1.04 a share, from C $705 million, or C $0.84 a share, a year earlier. Analysts had been expecting earnings of C $1.05 a share on revenue of C $3.14 billion, according to Thomson Reuters...

  • TORONTO, Oct 21- Canadian Pacific Railway Ltd is still open to a merger with one of the two bigger eastern U.S. carriers even after talks with CSX Corp failed, though a hostile bid is unlikely, Chief Executive Hunter Harrison said on Thursday. Norfolk Southern Corp is the other of the two bigger U.S. railways based east of Chicago. Without mentioning Norfolk Southern...

  • Oct 20- Canadian Pacific Railway Ltd said on Monday that it had ended talks to buy CSX Corp and that the two companies planned no further discussions, sending shares of the No. 3 U.S. railroad operator down more than 3 percent. Neither side had confirmed the talks, initially reported by the Wall Street Journal a week ago. However, analysts had said service problems...

  • Oct 17- Railroad operator Kansas City Southern's reported a higher-than-expected quarterly revenue as it shipped more grains and automobiles. Kansas City Southern operates on a unique, north-south route in central United States and derives half of its annual revenue from cross-border business with Mexico. Exports from the United States to Mexico rose...

  • Oct 17- Railroad operator Kansas City Southern's quarterly revenue and profit increased on a jump in grain and automotive shipments. Net income available to common stockholders jumped to $138 million, or $1.25 per share, in the third quarter ended Sept. 30, from $118.3 million, or $1.07 per share, a year earlier. Excluding items, the company earned $1.29 per share.

  • CSX beats, citing U.S. economy for freight boost Tuesday, 14 Oct 2014 | 5:17 PM ET
    CSX freight lines run through center city Philadelphia

    CHICAGO, Oct 14- No. 3 U.S. railroad CSX Corp on Tuesday reported a rise in third-quarter profit, beating forecasts and predicting double-digit growth for 2015 as it moved more freight on its network due to a growing U.S. economy. CSX reported earnings per share of 51 cents, up from 45 cents a year ago and beating the 48 cents expected by Wall Street analysts.

  • CHICAGO, Oct 14- No. 3 U.S. railroad CSX Corp on Tuesday reported a rise in third-quarter profit, beating forecasts and predicting double-digit growth for 2015 as it moved more freight on its network due to a growing U.S. economy. CSX reported earnings per share of 51 cents, up from 45 cents a year ago and beating the 48 cents expected by Wall Street analysts.

  • CSX 3rd-quarter profit, revenue up, topping forecasts Tuesday, 14 Oct 2014 | 4:20 PM ET

    CHICAGO, Oct 14- No. 3 U.S. railroad CSX Corp on Tuesday reported third-quarter profit that rose from a year earlier, beating forecasts, driven by a 7 percent increase in freight volumes across most of its markets as the U.S. economy continued to grow. CSX reported earnings per share of 51 cents, up from 45 cents a year ago and beating the 48 cents expected by Wall Street...

  • CSX CEO: Moving about 3 crude trains daily     Tuesday, 14 Oct 2014 | 4:16 PM ET

    After CSX reported record Q3 earnings, the company's CEO Michael Ward, discusses what the move in oil prices means for his business, and steps to ensure safety for oil transportation.

  • CSX Q3 earnings beat     Tuesday, 14 Oct 2014 | 4:03 PM ET

    CSX is reporting Q3 EPS of $0.51 on revenue of $3.22 billion, with CNBC's Morgan Brennan.

  • CHICAGO, Oct 13- Shares of No. 3 U.S. railroad CSX Corp rose nearly 10 percent on Monday following a report of a rebuffed takeover bid by Canadian Pacific Railway Ltd, but analysts said any such deal would face significant regulatory and other hurdles. According to the report in the Wall Street Journal late on Sunday, the No. 2 Canadian railroad made a bid last week for...

  • Hop aboard the train trend?     Friday, 3 Oct 2014 | 8:16 AM ET

    Donald Broughton, Avondale Partners senior research analyst, breaks down the freight flows in the railway sector to find the best plays in the space.

  • Rail stocks on a roll     Thursday, 25 Sep 2014 | 3:25 PM ET

    CNBC's Dominic Chu explains why railroad stocks have been steady all year and discusses if even bigger gains are ahead.

  • Check on road & rail stocks     Thursday, 25 Sep 2014 | 1:48 PM ET

    Up until today, transportation stocks had been showing signs of strength. CNBC's Dominic Chu reports the road and rail group is still one of the best performing in the S&P this month, and provides insight to trucking and transport company Ryder System.

  • BISMARCK, North Dakota, Sept 23- Hess Corp and other major North Dakota oil producers told the state's top energy regulators on Tuesday that existing field practices used to prepare Bakken crude for rail transport are safe, and tighter standards could do more harm than good.

  • Are grain farmers losing to oil for rail service? Tuesday, 23 Sep 2014 | 12:01 PM ET

    A record harvest will likely cause financial hardships on grain farmers due to a lack of rail service. Some point the finger at the oil industry for the problem.

  • OTTAWA, Sept 22- The Canadian government is looking at extending the insurance burden for crude-by-rail disasters beyond just railways and is weighing the idea of a special fund similar to one once set up for maritime oil spills, a government official said.

  • OTTAWA, Sept 22- The Canadian government is looking at extending the insurance burden for crude-by-rail disasters beyond just railways and is weighing the idea of special fund similar to one once set up for maritime oil spills, a government official said.