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Railroads

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  • CSX railroad's 2Q profit chugs ahead 2 percent Tuesday, 15 Jul 2014 | 5:01 PM ET

    OMAHA, Neb.— CSX Corp. said Tuesday its second-quarter profit chugged ahead 2 percent as the economy continued to improve, so the railroad is investing an additional $100 million in its network.

  • Groups seek ban of oil in older railroad tank cars Tuesday, 15 Jul 2014 | 3:06 PM ET

    SEATTLE— Two environmental groups are asking the U.S. Department of Transportation to immediately ban shipments of volatile crude oil in older railroad tank cars, citing recent explosive oil train wrecks and the department's own findings that those accidents pose an "imminent hazard."

  • WASHINGTON, July 14- Leaders of the U.S. energy and rail sectors have agreed to toughen tanker cars for future oil train cargo and to a schedule to retire older model cars that regulators have deemed unsafe, said two industry sources familiar with the plan. The Transportation Department is expected to outline that safety plan before the end of the month.

  • LIRR, MTA talks go off the rails; strike looms Monday, 14 Jul 2014 | 1:36 PM ET
    Commuters board a Long Island Railroad train, Penn Station, New York City.

    Talks between unions and the MTA collapsed, leaving a strike on the LIRR looming as unions proceed with strike plans.

  • INFLUENCE GAME: Shaping US railroad safety rules Sunday, 13 Jul 2014 | 8:39 AM ET

    Billions of dollars are riding on how these rules are written, and lobbyists from the railroads, tank car manufacturers and the oil, ethanol and chemical industries have met 13 times since March with officials at the White House and the Pipeline and Hazardous Materials Safety Administration.

  • CARACAS, June 26- Colombia's biggest coal miner, Cerrejon, said late on Thursday it was transporting coal again from its mine to port after protesters ended a six-day blockade on its private railway line that took the company to the brink of defaulting on shipments.

  • June 26- Norfolk Southern Corp said it would require its customers to give the railroad company legal protection against damage caused by explosions or leakage of hazardous materials carried in older tank cars. Norfolk Southern said the legal protection, which applies to older DOT-111 tank cars built before late 2011, would take effect on July 15.

  • June 26- Norfolk Southern Corp said it would require its customers to give the railroad company legal protection against damages caused by explosions or leakage of hazardous materials carried in older tank cars, The Wall Street Journal reported on Thursday.

  • HOUSTON, June 24- U.S. regulators this autumn may impose new standards for rail tank cars that carry crude oil that are tougher than the latest design adopted by railroads in 2011, a top industry safety executive said on Tuesday.

  • June 24- Coal miners and power companies are both suffering as railroads struggle to clear a backlog of coal stuck in the Powder River Basin in Wyoming and Montana after the harshest winter in over a decade.

  • NEW YORK, June 16- As politicians debate the dangers of a massive increase in oil carried by rail in North America, railroads and energy producers are considering the same for natural gas.

  • WINNIPEG, Manitoba, June 10- Grain handlers are lobbying the Canadian government for even stricter rules requiring railroads to allocate thousands of railcars to them each week in hopes of stopping an unprecedented crop logjam from getting worse.

  • WASHINGTON, June 2- Oil industry studies concluding that Bakken crude oil is safe to move by rail under existing standards may underestimate the dangers of the fuel and should not be the last word, U.S. lawmakers and industry officials said on Monday.

  • May 29- Canadian National Railway Chief Executive Claude Mongeau said on Thursday he expects U.S. regulators to phase out use of DOT-111 tank cars in three to five years, following a deadly explosion in Quebec last year.

  • Albany's tracks handle as much as a fourth of the oil pumped from North Dakota's booming Bakken Shale, or up to several 100- car trains per day, each carrying 70,000 barrels.

  • NEW YORK, May 25- Far be it from us to offer tips to Warren Buffett, the most celebrated stock picker of his age, but here goes:.

  • DOT issues emergency order on Bakken shipments     Wednesday, 7 May 2014 | 3:24 PM ET

    CNBC's Bertha Coombs reports the Department of Transportation is ordering all company's transporting Bakken oil by rail to notify the communities they are traveling through.

  • US to oil shippers: No more unannounced visits Wednesday, 7 May 2014 | 3:20 PM ET
    A train is derailed west of Casselton, North Dakota

    U.S. companies moving crude via rail must tell states when a cargo is moving across their jurisdiction, the Transportation Secretary said.

  • WASHINGTON, May 7- U.S. companies moving crude oil via rail must tell state officials when a cargo is moving across their jurisdiction, the U.S.

  • NEW YORK, May 4- Rail car makers, little-known winners of the North American energy boom, are capturing the attention of fund managers and regulators alike.