Railroads
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ATBARA, Sudan, Feb 20- On rail tracks in Atbara, Sudan's main railway city, stray engines and empty coaches from trains built in Europe, India and the United States, some more than 50 years ago, stand still in the scorching heat.
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Donald Broughton, Avondale Partners analyst, discusses why bulls are very excited to be riding the Dow Transports rally.
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TORONTO, Feb 5- Canadian National Railway Co, the country's largest rail operator, said on Tuesday it would invest C $1.9 billion in 2013, or slightly more than last year, to upgrade its rail system, improve service and expand business.
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TORONTO, Jan 29- Canadian Pacific Railway Ltd said on Tuesday its aggressive efficiency push would pay off in a 40 percent increase in earnings this year, sending its shares to an all-time high even after it reported a sharp drop in profit on charges related to the restructuring.
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*Barges strike bridge near Vicksburg on Sunday, spill oil. Jan 28- More than 300 barges were awaiting passage through a closed section of the Mississippi River near Vicksburg, Mississippi, on Monday, a day after two tanker barges struck a railroad bridge and one leaked an unknown amount of oil into the river.
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Jonathan Litt, Land & Buildings founder & CEO, explains why investors could see more publicly traded railroads converting into real estate investment trusts. "We think there are a lot of compelling opportunities for conversions," he says.
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Rob Knight, Union Pacific CFO, discusses his company's record fourth quarter and weighs in on the weak demand for coal.
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Michael Ward, CSX Corporation chairman & CEO, breaks down his company's mixed fourth quarter results, as slumping coal demand and low natural gas prices continue to weigh on the sector.
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Jan 22- Kansas City Southern's quarterly profit beat Wall Street estimates on strong intermodal and automotive volumes, and the U.S. railroad company forecast 2013 revenue growth in the high-single digits.
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Jan 22- Kansas City Southern's quarterly profit beat Wall Street estimates, boosted by strong intermodal and automotive volumes, and the railroad company forecast 2013 revenue growth in the high-single digits.
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Ebullient stock markets have so far this month encouraged around half a dozen firms in Europe to launch plans to float, seeking to raise more than $3 billion in the first few months of the year.
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Dow Transports are poised to close at an historic high, outperforming the Dow Industrials for the past month.
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MOSCOW, Jan 15- NefteTransService, one of Russia's biggest private freight rail operators, hopes to raise around $500 million via a London listing, sources said, that it will then use to expand into Ukraine and Kazakhstan as the markets open up to competition.
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NEW YORK, Jan 8- Phillips 66 said on Tuesday it entered a five-year commitment to ship North Dakotan crude oil by rail to its New Jersey refinery, making an estimated $1 billion bet that North American crude will remain cheap.
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HOUSTON, Dec 17- Two years on, a gusher of U.S. shale oil production is finally starting to seep into California, where refiners in the country's most isolated fuel market are waging an increasingly desperate battle to curb costs.
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TORONTO, Dec 5- Shares of Canadian Pacific Railway touched an all-time high on Wednesday as the railroad detailed a turnaround plan that includes sweeping job cuts which could save about C $500 million over the next four years.
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*Job cuts deeper than CP Railway estimated earlier. Dec 4- Canadian Pacific Railway Ltd, the country's second biggest rail carrier, said on Tuesday it would cut 4,500 jobs by 2016 as part of a drive by its new CEO to slash costs and improve its operating efficiency, now the industry's worst.
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*Kansas City Southern railroad leading charge. Over the past five years, Kansas City Southern has spent about $300 million to lay roughly 90 miles of new track in Texas, buy and update terminals in Mexico and make other network upgrades.
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CNBC's Jackie DeAngelis has the latest numbers on trains and utilities restoring service in the New York metropolitan area.
