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Railroads

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  • OTTAWA, Nov 26- The measures announced by Canada this year to boost the safety of shipping oil by rail are a good first step but more must be done, the new head of the country's Transportation Safety Board said on Wednesday. Kathy Fox, new chairwoman of the independent federal agency, said Canada and the United States must agree on tougher standards for tanker cars...

  • Amtrak will operate through Thanksgiving storm: CEO Tuesday, 25 Nov 2014 | 1:24 PM ET
    File photo: An Amtrak worker walks along the tracks after checking for debris beneath the train

    Amtrak plans to move holiday travelers through a snowstorm forecast to hit the East Coast, but the system needs investment badly, said its CEO, Joseph Boardman.

  • Making trains profitable again: Amtrak CEO  Tuesday, 25 Nov 2014 | 8:16 AM ET

    The U.S. is not making the investment in infrastructure, says Joseph Boardman, Amtrak president & CEO, discussing how to make trains profitable.

  • Amtrak CEO: Ridership demand increasing  Tuesday, 25 Nov 2014 | 8:10 AM ET

    Joseph Boardman, Amtrak president & CEO, discusses the increase in train ridership amid a deteriorating infrastructure in the U.S.

  • NEW YORK/ CALGARY, Nov 12- BNSF Railroad, the Warren Buffett-owned firm that has benefited most from the North Dakota shale boom, has told some customers that they can't add new oil tank-cars to its system until next year, according to two people familiar with the matter. Preventing shippers from putting more rail cars onto the network may help prevent overloading...

  • Crude collapse: Planes, trains & autos  Tuesday, 4 Nov 2014 | 2:23 PM ET

    CNBC's Phil LeBeau and Morgan Brennan take a look at how shifting prices in crude oil are impacting planes, trains and automobiles.

  • No way to run a railroad! Amtrak's woes deepen Tuesday, 4 Nov 2014 | 11:38 AM ET
    Amtrak train pulls into the train station at Emeryville, California.

    As more goods travel by rail, Amtrak and other railway systems are seeing mounting collateral damage: gridlock.

  • Transports chug to new highs  Wednesday, 29 Oct 2014 | 6:54 AM ET

    Jason Seidl, Cowen & Company, provides perspective on what's driving transports higher as oil prices slide lower.

  • Norfolk Southern CEO: Have growth potential without M&A  Wednesday, 22 Oct 2014 | 4:35 PM ET

    Charles "Wick" Moorman, Norfolk Southern CEO, explains why he doesn't think the industry needs more mergers to have a bright and compelling future.

  • UPDATE 1-CN Rail earnings up on higher volumes Tuesday, 21 Oct 2014 | 4:40 PM ET

    TORONTO, Oct 21- Canadian National Railway Co reported higher third-quarter earnings on Tuesday as revenue jumped on higher freight volumes. Net income rose to C $853 million, or C $1.04 a share, from C $705 million, or C $0.84 a share, a year earlier. Analysts had been expecting earnings of C $1.05 a share on revenue of C $3.14 billion, according to Thomson Reuters...

  • TORONTO, Oct 21- Canadian Pacific Railway Ltd is still open to a merger with one of the two bigger eastern U.S. carriers even after talks with CSX Corp failed, though a hostile bid is unlikely, Chief Executive Hunter Harrison said on Thursday. Norfolk Southern Corp is the other of the two bigger U.S. railways based east of Chicago. Without mentioning Norfolk Southern...

  • Oct 20- Canadian Pacific Railway Ltd said on Monday that it had ended talks to buy CSX Corp and that the two companies planned no further discussions, sending shares of the No. 3 U.S. railroad operator down more than 3 percent. Neither side had confirmed the talks, initially reported by the Wall Street Journal a week ago. However, analysts had said service problems...

  • Oct 17- Railroad operator Kansas City Southern's reported a higher-than-expected quarterly revenue as it shipped more grains and automobiles. Kansas City Southern operates on a unique, north-south route in central United States and derives half of its annual revenue from cross-border business with Mexico. Exports from the United States to Mexico rose...

  • Oct 17- Railroad operator Kansas City Southern's quarterly revenue and profit increased on a jump in grain and automotive shipments. Net income available to common stockholders jumped to $138 million, or $1.25 per share, in the third quarter ended Sept. 30, from $118.3 million, or $1.07 per share, a year earlier. Excluding items, the company earned $1.29 per share.

  • CSX beats, citing U.S. economy for freight boost Tuesday, 14 Oct 2014 | 5:17 PM ET
    CSX freight lines run through center city Philadelphia

    CHICAGO, Oct 14- No. 3 U.S. railroad CSX Corp on Tuesday reported a rise in third-quarter profit, beating forecasts and predicting double-digit growth for 2015 as it moved more freight on its network due to a growing U.S. economy. CSX reported earnings per share of 51 cents, up from 45 cents a year ago and beating the 48 cents expected by Wall Street analysts.

  • CHICAGO, Oct 14- No. 3 U.S. railroad CSX Corp on Tuesday reported a rise in third-quarter profit, beating forecasts and predicting double-digit growth for 2015 as it moved more freight on its network due to a growing U.S. economy. CSX reported earnings per share of 51 cents, up from 45 cents a year ago and beating the 48 cents expected by Wall Street analysts.

  • CSX 3rd-quarter profit, revenue up, topping forecasts Tuesday, 14 Oct 2014 | 4:20 PM ET

    CHICAGO, Oct 14- No. 3 U.S. railroad CSX Corp on Tuesday reported third-quarter profit that rose from a year earlier, beating forecasts, driven by a 7 percent increase in freight volumes across most of its markets as the U.S. economy continued to grow. CSX reported earnings per share of 51 cents, up from 45 cents a year ago and beating the 48 cents expected by Wall Street...

  • CSX CEO: Moving about 3 crude trains daily  Tuesday, 14 Oct 2014 | 4:16 PM ET

    After CSX reported record Q3 earnings, the company's CEO Michael Ward, discusses what the move in oil prices means for his business, and steps to ensure safety for oil transportation.

  • CSX Q3 earnings beat  Tuesday, 14 Oct 2014 | 4:03 PM ET

    CSX is reporting Q3 EPS of $0.51 on revenue of $3.22 billion, with CNBC's Morgan Brennan.

  • CHICAGO, Oct 13- Shares of No. 3 U.S. railroad CSX Corp rose nearly 10 percent on Monday following a report of a rebuffed takeover bid by Canadian Pacific Railway Ltd, but analysts said any such deal would face significant regulatory and other hurdles. According to the report in the Wall Street Journal late on Sunday, the No. 2 Canadian railroad made a bid last week for...