BISMARCK, N.D.— Canadian Pacific Railway told a federal oversight board Friday that moving fertilizer for spring planting does not present a "significant challenge" for the railroad.» Read More
*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.
*Fourth-quarter adjusted earnings per share C $1.91 vs est C $1.95. Jan 29- Canadian Pacific Railway, Canada's second largest railway, reported a five-fold jump in fourth-quarter profit, as freight revenue rose 7 percent.
Are regulations slowing down transports? Donald Broughton, Avondale Partners, shares his thoughts on what's driving transportation stocks lower and provides an outlook on the sector.
Jan 24- Regional railroad operator Kansas City Southern missed fourth-quarter profit estimates on Friday amid weakness in its energy business, including lower coal shipments, sending its shares down more than 20 percent in early trading.
TORONTO, Jan 23- A rise in oil production has spurred a huge boom across North America in shipping crude via rail as energy producers look for alternatives to relieve congested pipelines.
Newer cars feature thicker steel and protective plates and fixtures, but the U.S. Department of Transportation has so far allowed older cars to stay in circulation, even as the Association of American Railroads has called for their "aggressive" retrofitting.
Norfolk Southern CEO Wick Moorman says his company continues to run a "very good railroad," and discusses how "people and technology" have helped boost efficiency.
Jan 22- Norfolk Southern Corp on Wednesday reported a 24 percent increase in fourth-quarter earnings, beating Wall Street's expectations, as strong chemicals, construction materials and auto shipments more than offset a dip in coal volumes. Norfolk Southern said it worked on reigning in costs throughout the year.
WASHINGTON, Jan 16- Rail operators may route some fuel shipments around urban areas and slow down trains carrying some dangerous deliveries in the wake of a recent spate of fiery derailments, the U.S.
Jan 15- CSX on Wednesday posted a fourth-quarter profit that fell short of Wall Street's estimates as rising shipments of chemicals, autos and agricultural products failed to make up for weak coal volumes.
Jan 15- CSX Corp posted a smaller fourth-quarter profit that missed Wall Street estimates by a cent, as coal volumes stayed weak and its shares fell 3 percent. Coal shipments have been a problem for CSX and its competitor Norfolk Southern as the shift to natural gas caused utility coal stockpiles to surge as demand for coal from power producers declined.
TORONTO/ WASHINGTON, Jan 9- Political pressure to quickly improve the safety of crude oil rail shipments intensified in Washington on Thursday, while Canadian officials said two of the cars involved in the latest fiery derailment were of an older variety long faulted by regulators.
LONDON, Jan 9- Train accidents involving crude oil and other flammable liquids are becoming uncomfortably common. The fiery train derailment in New Brunswick on Tuesday is the third major accident involving crude by rail in just three months, and the fourth since July 2013.
NEW DELHI, Jan 9- India will soon invite foreign businesses to help expand its once-mighty but now outdated railways, government sources said, in a move that would mark the opening up of one of the country's last great state-controlled industries.
LONDON, Jan 8- Most crude oil being transported by rail in the United States and Canada is moving in tank cars that will rupture and catch fire if the train derails, according to accident investigations and reports filed with U.S. rail regulators, posing a lethal danger to railway workers and communities along the route.
Recent accidents have analysts looking at companies that could be exposed to new rules governing oil shipments from the Bakken region.
Temperatures were 20 to 40 degrees Fahrenheit below average in parts of Montana, North and South Dakota, Minnesota, Iowa, Wisconsin, Michigan and Nebraska, according to the National Weather Service. Babbitt, Minnesota, was the coldest place in the United States on Monday at minus 37 F, according to the National Weather Service.
NEW YORK/ WASHINGTON, Jan 6- U.S. The most devastating occurred in Quebec in July last year, when a train derailed and exploded in the town of Lac Megantic, killing 47.. In the United States, 1,400 trains carry crude each day today, up from 31 in 2009, according to a figure Schumer cited from the National Transportation Safety Board.