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.» Read More
"We absolutely have to look at other ways" to pay for infrastructure, one former state official said. "There's only so much bonding you can do."
Union Pacific should post positive volumes by year’s end despite the huge downturn in coal shipments, CEO Jack Koraleski tells CNBC's "Closing Bell."
Jack Koraleski, Union Pacific president & CEO, explains why he projects another record year for his company. "Business is good, there is a lot of noise in the economy about sliding back, but we're not seeing that," he says.
The proliferation of fracking and the likelihood of a long-running, shale-gas boom are destined to make winners and losers out of a lot of industries beyond the energy sector.
The Canadian Pacific proxy fight is heating up as the clock ticks closer to May 17th. Hunter Harrison, former Canadian National president & CEO; Stephen Tobias, former Norfolk Southern vice chairman; and Bill Ackman, Pershing Square Capital founder & CEO, discuss.
CSX chief Michael Ward told CNBC's Squawk Box Wednesday that having "a very diversified portfolio of shipments" overcame a 14 percent decline in coal shipments in the first quarter.
Michael Ward, CSX Corporation chairman & president, discusses his company's better-than-expected first quarter results, and the outlook for the rails and the economy, with Carly Fiorina, former Hewlett-Packard chairman & CEO.
Plans for a nationwide, state-of-the-art railroad safety system, inspired by a fatal crash in 2008, are meeting with resistance, due to a fierce debate over its effectiveness and business benefits.
The digital revolution has gone far beyond the Internet, smart phone and GPS device in your vehicle. And though these devices have made life and work faster and easier, that may not be all for the good.
The “Mad Money” host thinks it could be the "perfect stock" to own for 2012.
When it comes to railroads, says Mad Money's Cramer, there's no question Union Pacific is a much better company than Norfolk Southern. UNP has a stronger business; more re-pricing catalysts; and trades at a smaller premium than NSC, and that make it a better buy.
The U.S. economy has a ways to go, but Cramer thinks it will be the first world economy to bounce back.
The “Fast Money” pros weigh in on two companies reporting after the close today — Texas Instruments and CSX.
The end of the Keystone Pipeline project puts the U.S. at a competitive disadvantage and was a personal disappointment to the chief executive of railroad Union Pacific.
Transports advanced Thursday along with Union Pacific’s strong earnings report, and the “Fast Money” pro staked their positions.
A national railroad strike could potentially take place next week and it has the nation's retailers worried about their holiday season.
Carter Worth, Oppenheimer, and Jeremy Zirin, UBS Wealth Mgmt., discuss how the technicals add up on transportation stocks.
CNBC's Jane Wells reports on California's proposal to build a high-speed rail system, but Congress could derail that plan.
Billions of tax dollars are being spent on a high-speed railway in California that supporters say will bring thousands of jobs, but some are calling it a boondoggle. KNTV's Scott Budman has the details.
As railroads go, so goes the economy, and CSX's results show the U.S. economy may be improving, Chief Executive Michael Ward told CNBC Wednesday.