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  • OMAHA, Neb.— Union Pacific's first-quarter profit improved 6 percent but fell short of expectations as railroad shipping volume slowed 2 percent on weak coal demand and a labor dispute at West Coast ports. CEO Lance Fritz said Union Pacific Corp. wasn't as efficient as could have been due to the sharp drop in volume, but that the railroad is working to adjust its...

  • P.A.M. Transportation posts 1Q profit Wednesday, 22 Apr 2015 | 3:01 PM ET

    TONTITOWN, Ark. _ P.A.M. Transportation Services Inc. on Wednesday reported first-quarter net income of $5.4 million. The Tontitown, Arkansas- based company said it had profit of 72 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Knight Transportation tops 1Q profit forecasts Wednesday, 22 Apr 2015 | 9:09 AM ET

    PHOENIX _ Knight Transportation Inc. on Wednesday reported first-quarter earnings of $29.6 million. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share. Knight Transportation shares have decreased slightly more than 3 percent since the beginning of the year.

  • WASHINGTON, April 17- Oil train operators must have detailed information on hand about the possible risks of their cargo in case of an accident and perform more thorough checks before moving on the tracks, U.S. transportation officials said on Friday. U.S. officials have been wrestling with how to make oil train deliveries safer ever since a runaway shipment...

  • WASHINGTON, April 17- Oil train operators must have detailed information on hand about the possible risks of their cargo in case of an accident and perform more thorough checks before moving on the tracks, U.S. officials said on Friday. Shippers must account for who handled crude oil involved in any mishap and what the operator knows about the possible...

  • WASHINGTON— An emergency order requiring trains hauling crude oil and other flammable liquids to slow down as they pass through urban areas and a series of other steps to improve the safety were announced Friday by the Department of Transportation. There have been a series of fiery oil train explosions in the U.S. and Canada in recent years, including one just...

  • CHICAGO, April 15- Low oil prices and the strong U.S. dollar made for a somewhat painful first quarter for major U.S. railroads CSX Corp and Norfolk Southern Corp, and may continue to weigh on their profits. Chief Executive Officer Michael Ward told Reuters the reduced outlook reflected the impact of the strong dollar, low oil prices and the weak coal market.

  • OMAHA, Neb.— CSX says the railroad won't deliver the double-digit profit growth it promised this year because coal demand remains weak. While that exceeded Wall Street expectations, freight volume was lower than the company projected. "We just haven't found the bottom yet," CEO Michael Ward said.

  • Executive Director Patricia Quinn says 41 people were onboard when the locomotive derailed shortly after the Boston- bound train left the Portland station. The Downeaster runs between Boston and Brunswick, Maine. Stops include picturesque Exeter, New Hampshire, and Freeport, Maine, where L.L. Bean is located.

  • CHICAGO, April 14- U.S. railroad CSX Corp on Tuesday reported a higher quarterly net profit on increased freight volumes and higher rates charged to customers, and announced a $2 billion share repurchase program. The Jacksonville, Florida- based company reported first-quarter net income of $442 million or 45 cents per share, an 11 percent increase over the $398...

  • Marten Transport beats 1Q profit forecasts Tuesday, 14 Apr 2015 | 4:16 PM ET

    MONDOVI, Wis. _ Marten Transport Ltd. on Tuesday reported first-quarter profit of $10.2 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. Marten Transport shares have climbed roughly 10 percent since the beginning of the year.

  • CHICAGO, April 14- U.S. railroad CSX Corp on Tuesday reported a higher quarterly net profit, as a growing economy lifted freight volumes and allowed it to charge higher rates to customers. The Jacksonville, Florida- based company reported first-quarter net income of $442 million or 45 cents per share, an 11 percent increase over the $398 million, or 40 cents a share,...

  • JB Hunt beats 1Q profit forecasts Tuesday, 14 Apr 2015 | 8:21 AM ET

    LOWELL, Ark. _ JB Hunt Transport Services Inc. on Tuesday reported first-quarter net income of $91.9 million. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share. Nine analysts surveyed by Zacks expected $1.54 billion.

  • NEW YORK— Railroad operator Norfolk Southern is forecasting disappointing first-quarter results as demand for coal continued to fall. Norfolk Southern Corp. said coal shipments were down, with a significant decrease in coal exports the biggest factor. Norfolk Southern's revenue from coal shipping fell 6 percent in 2014..

  • LONDON, April 1- More than 1 million barrels of crude oil move by train across the United States every day, according to data published for the first time by the government on Tuesday. The volume of crude shipped by rail has increased more than 50- fold in five years, from just 630,000 barrels in January 2010 to 33.7 million barrels in January 2015, the Energy...

  • TORONTO, March 23- Canadian National Railway's safety record deteriorated sharply in 2014, reversing years of improvements, as accidents in Canada blamed on poor track conditions hit their highest level in more than five years, a Reuters analysis has found. Canada's Transportation Safety Board said on Tuesday that track failure may have played a role in CN's...

  • LONDON, March 17- Demand for oil is intimately connected to the demand for transportation in the United States and the other advanced industrial economies. Cars, trucks, airlines, railways and shipping accounted for 71 percent of total U.S. oil consumption in 2013, according to the U.S. Bureau of Transportation Statistics. Petroleum-derived fuels, including...

  • WASHINGTON, March 13- Rail operators are going to great lengths to prevent oil train derailments but the energy sector must do more to prevent accidents from becoming fiery disasters, the leading U.S. rail regulator said on Friday. Several of those shipments originated from North Dakota's Bakken energy fields. Sarah Feinberg, acting head of the Federal...

  • WASHINGTON, March 13- Rail operators are going to great lengths to prevent oil train derailments but the energy sector must do more to prevent accidents from becoming fiery disasters, the leading U.S. rail regulator said on Friday. Those shipments all originated from North Dakota's Bakken energy fields. Sarah Feinberg, acting head of the Federal Railroad...

  • Canada: Even the newest oil tank cars are outdated Wednesday, 11 Mar 2015 | 7:33 PM ET

    The Canadian government unveiled tougher new proposed oil tank car standards.