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  • TORONTO, Feb 20- Canadian National Railway Co said on Friday that barring a settlement by this weekend with Unifor, a union that represents 4,800 of its mechanical, clerical and intermodal staff, it plans to begin to lock out employees on Monday. "We cannot accept the uncertainty that Unifor's month-long strike mandate process will create for our customers," CN...

  • OTTAWA, Feb 20- Canada will increase the insurance railways must carry when they haul crude oil and impose a levy on shippers to help cover the cost of major accidents in the burgeoning oil-by-rail industry, Transport Minister Lisa Raitt said on Friday. Raitt unveiled the measures in a bill which responds largely to the 2013 explosion of a runaway train that...

  • OTTAWA, Feb 20- Canada will boost the minimum insurance that railways will be required to carry when they haul crude oil and will impose levies on oil shipments to build up a supplementary fund to cover major disasters, under a bill introduced on Friday. Transport Minister Lisa Raitt, announcing the legislation, said railroads would have to carry up to C $1 billion...

  • OTTAWA, Feb 20- Canada will boost the minimum insurance railways will have to carry when they haul crude oil and an additional fund will be set up with levies on oil shipments to cover major disasters, under legislation to be introduced on Friday, two sources familiar with the bill said. The legislation is in reaction to a spate of oil-by-rail accidents, the most...

  • OTTAWA, Feb 20- The Canadian government, which has pledged to make railways and shippers carry more insurance for oil shipments in light of recent fiery accidents, said it would introduce a bill on Friday to make rail transportation "safer and more accountable." Ottawa was galvanized into action after a runaway oil train exploded in Lac-Mégantic, Quebec, in 2013,...

  • NEW YORK, Feb 19- CSX has notified state officials of its plans to bypass the scene of a crude train derailment and continue delivering oil to a terminal on the Virginia coast, emergency management officials from Virginia and West Virginia said Wednesday. Those shipments will use a combination of CSX and other railroads to reach eastern Virginia destinations, "...

  • President must approve Keystone now: Gartman   Tuesday, 17 Feb 2015 | 5:35 PM ET
    Weld inspector Shayne Walker fills out paperwork during construction of the Gulf Coast Project pipeline in Prague, Okla., as part of the Keystone XL Pipeline Project.

    Dennis Gartman, founder, editor & publisher, The Gartman Letter, discusses the explosion of a train carrying oil in West Virginia and says the President must move forward with the Keystone Pipeline now.

  • WASHINGTON, Feb 17- A fiery oil train derailment in West Virginia this week exposes lax safety standards and strengthens the case for tougher U.S. rules governing such shipments, safety advocates said on Tuesday. A 109- car delivery of crude oil from North Dakota's Bakken energy patch derailed in West Virginia on Monday, setting at least nine cars ablaze.

  • TORONTO/ CALGARY, Feb 15- Canadian Pacific Railway Ltd began operating a reduced freight schedule run by its managers on Sunday, after talks on a new contract broke down and more than 3,000 train engineers and conductors walked off the job. Canada's No. 2 railway and the Teamsters Canada Rail Conference failed to agree on terms including on scheduling and rest...

  • Canada's second-largest railway and the Teamsters Canada Rail Conference could not agree on scheduling and rest time before a midnight deadline passed. Commuters in Montreal will also feel the effects, since CP operates some commuter trains in Canada's second largest city. Canada's Labour Minister Kellie Leitch, who intervened in the talks on Friday to try...

  • WASHINGTON, Feb 2- U.S. railroads expect to boost spending to $29 billion this year to lay track, add engines and otherwise upgrade a national network tested by a surge in energy and agriculture deliveries, the leading industry trade group said on Monday. The investment announced by the Association of American Railroads is the second annual increase for a...

  • Jan 27- After a blizzard that blanketed the northeastern United States but proved less powerful in New York City than predicted, airlines, commuter rail, bus lines and subways resumed limited operations on Tuesday. LIRR service remains suspended on the Montauk Branch east of Babylon, Greenport to Ronkonkoma, Port Jefferson Branch east of Huntington and the...

  • Lower coal revs hit Norfolk Southern profit Monday, 26 Jan 2015 | 1:24 PM ET
    A file photo of a Norfolk Southern freight train.

    Norfolk Southern expects a solid U.S. economy to boost its business in 2015 but said it was too early to gauge the impact of lower energy prices.

  • CHICAGO, Jan 26- Norfolk Southern Corp, the No. 4 U.S. railroad, expects a solid U.S. economy to boost its business in 2015 but said on Monday it was too early to gauge the overall impact of lower energy prices. Norfolk Southern's fourth-quarter profit was hurt by a 15 percent drop in coal revenue. The Norfolk, Virginia- based company said gains in its intermodal, or...

  • CHICAGO, Jan 26- Norfolk Southern Corp, the No. 4 U.S. railroad, on Monday reported slightly lower fourth-quarter profit due partly to a 15 percent drop in coal revenue. Norfolk Southern said the drop in coal was caused by a weak global export market and fewer shipments of coal to utilities, which resulted in a decrease in freight volumes of 6 percent.

  • CHICAGO, Jan 23- Regional railroad Kansas City Southern reported a higher quarterly net profit that came in well above Wall Street expectations, driven mainly by higher freight volumes, and said it expected to benefit from a growing U.S. economy in 2015.. The company said "while there is significant volatility in the energy markets" it expects to see volume growth...

  • Union Pacific CEO: Playing low oil carefully   Thursday, 22 Jan 2015 | 10:50 AM ET
    Union Pacific CEO: Playing low oil carefully

    Jack Koraleski, Union Pacific president & CEO, provides his outlook for the U.S. economy and explains how the plunge in oil has impacted the railroad operator.

  • Jan 22- Canadian Pacific Railway Ltd, Canada's second-largest railroad operator, reported a higher-than-expected quarterly profit as freight volumes jumped and operating efficiency improved. Net income rose to C $451 million, or C $2.63 per share, from C $82 million, or 47 Canadian cents per share, a year earlier, when the company had taken an impairment charge...

  • CSX profit up, expects double-digit growth in 2015 Wednesday, 14 Jan 2015 | 10:51 AM ET
    CSX freight lines run through center city Philadelphia

    CSX reported a higher profit and said it expected a strong increase in its freight business and double-digit earnings growth during 2015.

  • CHICAGO, Jan 13- CSX Corp, the third-largest U.S. railroad, on Tuesday reported a higher quarterly profit that was in line with analyst expectations and said it expected a strong increase in its freight business and double-digit earnings growth during 2015.. Jacksonville, Florida- based CSX reported a net profit of $491 million, up 15 percent from $426 million a...