WASHINGTON— Only one-fifth of its track will be equipped with mandatory safety technology to prevent the most catastrophic kinds of collisions and derailments by the deadline set by Congress, the freight railroad industry said Wednesday.» Read More
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.
Feb 25- Rapid growth in moving oil by train in the United States, coupled with a spate of fiery crashes and derailments, has prompted U.S. regulators and railroads to consider new safety measures this year.
LONDON, Feb 25- U.S. railroad operators have agreed new safety procedures to reduce the number of fiery derailments involving crude-carrying trains and cut the risk of a catastrophic explosion in a densely populated urban centre.
WASHINGTON, Feb 21- Many oil-by-rail shipments will slow down through urban areas and track inspections will increase on high-traffic areas in response to a string of fiery derailments in the last several months, the American Association of Railroads said on Friday.
CNBC's Eamon Javers reports U.S. rail has agreed to slow trains carrying oil through cities, following a string of explosions.
By July 1, many large train shipments of oil will abide by a 40 mph speed limit in urban areas, the American Association of Railroads said.
Large blocks of rail stocks were bought today, according to the Fast Money traders. What's the play on the rails?
Donald Broughton, Avondale Partners analyst, explains how severe winter weather is impacting the transports. There may be an opportunity to buy some of these stocks at a discount, says Broughton.
A train carrying propane and oil derailed in Vandergrift, Pennsylvania, reports WXPI-TV reporter Dave Bondy. The oil is leaking, but it is not endangering any residences in the area.
A Norfolk Southern train carrying crude oil derails in Vandergrift, Pennsylvania.
CALGARY, Feb 12- Canadian National Railway is charging shippers more to transport crude oil in older tank cars, one of the first signs that rail operators are actively discouraging use of the type of cars involved in several dramatic explosions.
HOUSTON, Feb 6- Independent oil refiner Tesoro Corp is replacing older railcars in its crude-by-rail fleet with ones that have the latest safety designs, Chief Executive Officer Greg Goff told analysts on Thursday.
Feb 4- U.S. coal miner Arch Coal Inc reported a bigger-than-expected quarterly loss due to weak shipments and prices, but said markets for thermal coal, used to generate power, are improving. They soared 5 percent during a conference call with Wall Street analysts.
Feb 4- U.S. coal miner Arch Coal Inc reported a bigger-than-expected quarterly loss due to lower shipments and weak prices of both thermal and metallurgical coal. Arch Coal, whose shares fell 3.5 percent in premarket trading, said it expects to sell between 131.5 million and 142.5 million tons of coal in 2014..
Last year they ferried more than 780,000 barrels of oil a day, or about 10 percent of U.S. production, according to the Association of American Railroads. The cars are more likely to spill their hazardous cargo and catch fire, according to documents dating back to the early 1990 s, when the U.S. National Transportation Safety Board noted their repeated failure.
TORONTO, Jan 30- Canadian National Railway Co, the country's largest rail operator, reported higher quarterly earnings on Thursday, saying its full-year volumes and revenue hit record highs, but the results were tempered by extreme winter weather in December and came in slightly below estimates.
TORONTO, Jan 30- Canadian National Railway Co, the country's largest rail operator, reported higher quarterly results on Thursday and said full-year volumes and revenue hit a record, but results were tempered by extreme winter weather in December and came in slightly below estimates.
*Adjusted earnings per share C $1.91 vs estimated C $1.95. TORONTO, Jan 29- Canadian Pacific Railway, the country's second largest railroad, reported record quarterly results on Wednesday despite taking a hit from extreme winter weather in December.
TORONTO, Jan 29- Mile-long trains carrying crude oil will likely keep chugging through North American cities even after a string of fiery disasters spurred safety officials to urge that railways send risky cargo along less populated routes.
*Adjusted earnings per share C $1.91 vs estimated C $1.95. TORONTO, Jan 29- Canadian Pacific Railway, the country's second largest railroad, reported a weaker-than-expected quarterly profit on Wednesday, but forecast adjusted earnings would climb at least 30 percent in 2014 as revenue rises.