Fed's Bullard Wants Evidence of Inflation Returning to Target Before Tapering
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CALGARY, Alberta, May 21- Canadian Pacific Railway Ltd said that five tankers containing oil derailed on Tuesday morning near Jansen, Saskatchewan, and one of the cars spilled 575 barrels of crude, the largest of three spills for the company in two months.
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CALGARY, Alberta, May 21- Canadian Pacific Railway Ltd said that five tankers containing oil derailed on Tuesday morning near Jansen, Saskatchewan, and one of the cars spilled 575 barrels of crude, the largest of three spills for the company in two months.
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CALGARY, Alberta, May 21- Canadian Pacific Railway Ltd said five tankers containing oil derailed on Tuesday morning near Jansen, Saskatchewan, and one of the cars is leaking crude, the third spill for the company in two months.
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WESTPORT, Conn., May 20- Connecticut commuters endured sluggish train rides, or avoided the hassle on Monday, as Metro-North workers repaired the busiest U.S. rail line after a two-train collision on Friday injured more than 70 people. At the Westport train station on Monday, travelers stood in long lines returning from New York as they waited for shuttle buses.
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Thousands of Connecticut commuters faced delays and crowded trains on Monday as Metro-North workers scrambled to repair damage on the United States' busiest rail line.
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MILFORD, Conn./ NEW YORK, May 20- Thousands of Connecticut commuters faced delays and crowded trains on Monday as Metro-North workers scrambled to repair damage on the United States' busiest rail line, caused by the collision of two trains.
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HARTFORD, Conn.-- Traffic in southwest Connecticut could be a mess for as much as a week until service is restored to the commuter rail line affected by a derailment that injured scores of passengers, Gov. Dannel P. Malloy warned Sunday. "Tomorrow's commute will be extremely challenging," he said at a brief news conference in Hartford. "
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BRIDGEPORT, Conn., May 19- Thousands of Connecticut commuters should brace for travel chaos on Monday as Metro-North workers repair damage on the United States' busiest rail line caused by the collision of two trains, officials warned on Sunday.
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*Iraq hopes to trans-ship goods to Europe. BAGHDAD, May 8- In a shabby, rusty train that had just left Baghdad for the southern city of Basra, Riyadh Saleh moved restlessly from carriage to carriage, searching for a comfortable, air-conditioned seat.
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said on Monday that private equity firms Clayton, Dubilier& Rice and Carlyle Group, as well as Bank of America Merrill Lynch, have sold off their remaining shares in the car rental agency for $1.24 billion. CD&R, Carlyle and Bank of America Merrill Lynch sold 49.8 million shares for $24.96 each, Hertz said in a press release.
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*Shipping industry has a history of support in Congress. During a lobbying blitz in the past month, roughly 130 tugboat and barge operators fanned across Capitol Hill, meeting with lawmakers and congressional staffers.
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Wick Moorman, CEO of Norfolk Southern, discusses the rail company's first quarter results, and weighs in on the direction of the U.S. economy.
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*Coal revenue was down 17 percent. April 23- Coal shipments by Norfolk Southern Corp fell sharply in the first quarter, but the U.S. railroad still posted a higher profit on increased transport of goods. Coal revenue was down 17 percent in the quarter for Norfolk, due to lower prices and demand.
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Norfolk competes with rival CSX Corp regionally, and both railroads traditionally get a lot of business from transporting coal in the Appalachian region of the eastern United States. Coal revenue was down 17 percent in the quarter for Norfolk, due to lower prices and demand.
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EPS $0.89 vs est $0.88. April 19- Kansas City Southern, the No. 4 U.S. railroad, beat analysts' expectations with a 39 percent rise in quarterly profit, as strong automotive and cross-border intermodal shipments offset drought-related decline in grain volumes.
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April 18- Union Pacific Corp, the No.1 U.S. railroad, reported strong quarterly results helped by higher freight rates and forecast a short-term recovery in coal shipments as large utilities rebuild stocks they have run down over the past year. Union Pacific shares were up 4 percent at $142.92 on Thursday afternoon on the New York Stock Exchange.
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An assumption that oil would move by rail without Keystone was a key part of a U.S. State Department report in March that found development of Canada's oil sands region will proceed at roughly the same rate, with or without the pipeline.
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Michael Ward, President, Chairman, & CEO of CSX Corporation, discusses his company's better-than-expected earnings, and weighs in on the outlook on the economy.
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April 16- CSX Corp, the No. 2 U.S. railroad, said on Tuesday that quarterly profit rose as it cut expenses and saw shipment volumes of some merchandise rise, helping the company fight a still-weak coal business. The company, second to Union Pacific in the industry, said it cut expenses by $27 million, mostly as it managed overtime and training costs better.
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April 16- CSX Corp, the No. 2 U.S. railroad, posted a higher quarterly profit as strong business in merchandise and intermodal helped offset its struggles with the coal business. CSX earned $459 million, or 45 cents a share, in the first quarter, on revenue of nearly $3 billion. Last year, the company earned $449 million, or 43 cents a share.
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*CP raises oil spill estimate to 400 bbls from 4 bbls. April 4- Canadian Pacific Railway Ltd raised its estimate of the amount of oil spilled in a derailment in northern Ontario a hundred-fold on Thursday, and said 400 barrels had leaked from two tanker cars, up from its initial estimate of four barrels.