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Road and Rail

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  • California port truckers end strike after four days Friday, 1 May 2015 | 5:36 PM ET

    LOS ANGELES, May 1- Southern California port truckers seeking recognition as employees rather than contractors ended a strike of freight-hauling companies on Friday after four days of picketing that drew attention to their cause but did little to disrupt cargo shipments. Several hundred drivers, backed by the Teamsters union, struck four trucking firms...

  • WASHINGTON/ NEW YORK, May 1- The United States and Canada on Friday announced long-awaited safety rules for trains carrying oil, as regulators seek to reduce risks after a series of explosive accidents that accompanied a surge in crude-by-rail shipments. Under the rules, announced by Canada's Minister of Transport, Lisa Raitt and U.S. Tank cars built after...

  • May 1- New safety rules governing oil-by-rail shipments in the United States will cost an estimated $2.5 billion to implement over the next two decades, according to a final proposal from the Department of Transportation on Friday. 49 CFR§ Speed Restriction: 40 $56 mln- $242 mln** $180 mln 174.310 mph speed limit in. 49 CFR Existing Tank Car $426 mln- $1.706 bln** $1.747...

  • WASHINGTON/ NEW YORK, May 1- Long-awaited new safety rules for trains carrying oil in the United States and Canada were announced on Friday as regulators seek to reduce risks after a series of explosive accidents accompanied a surge in crude-by-rail shipments in recent years. Canada's Minister of Transport, Lisa Raitt and U.S. "This stronger, safer, more robust...

  • US, Canada unveil rules to boost oil train safety Friday, 1 May 2015 | 10:30 AM ET

    The regulations are a long-awaited response to a series of fiery train crashes in the U.S. and Canada, including four so far this year. The most serious accident occurred in July 2013, when a runaway oil train derailed in Lac-Megantic, Quebec, just across the border from Maine, killing 47 people and destroying most of the town's central business district.

  • RPT-U.S., Canada ready oil train safety measures Friday, 1 May 2015 | 7:00 AM ET

    WASHINGTON, May 1- Canada's transport minister will be in Washington on Friday for a joint announcement with her U.S. counterpart aimed at harmonizing safety regulations on shipping crude oil by rail, a politically sensitive issue on both sides of the border. Transportation Secretary Anthony Foxx are expected to demand that railroad companies equip cars...

  • YRC reports 1Q loss Thursday, 30 Apr 2015 | 5:54 PM ET

    OVERLAND PARK, Kan. _ YRC Worldwide Inc. on Thursday reported a loss of $21.6 million in its first quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 49 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • The fee would start at $175 and increase to $1,400 per car by 2018. It would raise an estimated $600 million to train first responders, clean up spills and relocate rail tracks around populated areas. Ron Wyden of Oregon told The Associated Press the intent is to offer "market-based" incentives for companies to improve safety. Transportation Secretary Anthony...

  • Old Dominion beats 1Q profit forecasts Thursday, 30 Apr 2015 | 8:22 AM ET

    THOMASVILLE, N.C. _ Old Dominion Freight Line Inc. on Thursday reported first-quarter profit of $62.5 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share. Four analysts surveyed by Zacks expected $708 million.

  • LOS ANGELES, April 29- Striking port truckers seeking recognition as employees rather than as independent contractors for their companies picketed a rail yard on Wednesday as they called again on the mayors of Los Angeles and Long Beach to weigh in on drivers' behalf. The four companies- Pacific 9 Transportation, Intermodal Bridge Transport, Pacer Cartage, and...

  • Con-way misses Street 1Q forecasts Wednesday, 29 Apr 2015 | 5:03 PM ET

    ANN ARBOR, Mich. _ Con-way Inc. on Wednesday reported first-quarter earnings of $21.8 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. Con-way shares have fallen 14 percent since the beginning of the year.

  • LONDON, April 29- By focusing on operational improvements, shipping companies are reducing fuel consumption, saving money and cutting greenhouse emissions, while continuing to increase the amount of freight transported. Maersk Line, the world's largest container carrier, cut fuel consumption by more than 13 percent between 2012 and 2014, while increasing...

  • Universal Truckload meets 1Q profit forecasts Wednesday, 29 Apr 2015 | 10:03 AM ET

    WARREN, Mich. _ Universal Truckload Services Inc. on Wednesday reported first-quarter profit of $8.2 million. On a per-share basis, the Warren, Michigan- based company said it had profit of 27 cents. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 27 cents per share.

  • Saia meets 1Q profit forecasts Wednesday, 29 Apr 2015 | 9:18 AM ET

    JOHNS CREEK, Ga. _ Saia Inc. on Wednesday reported first-quarter profit of $12.6 million. On a per-share basis, the Johns Creek, Georgia- based company said it had net income of 49 cents. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 49 cents per share.

  • Celadon beats 3Q profit forecasts Tuesday, 28 Apr 2015 | 6:31 PM ET

    INDIANAPOLIS _ Celadon Group Inc. on Tuesday reported fiscal third-quarter earnings of $8.6 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Federal investigators have released hundreds of pages of records that offer new insight into the moments just before and after a 2013 oil train derailment near Casselton, North Dakota, that created a massive fire and forced 1,400 people to evacuate for several days. Interviews with the BNSF Railway workers operating the two trains in the derailment are...

  • LOS ANGELES, April 27- Tractor-trailer drivers who haul freight from the ports of Los Angeles and Long Beach went on strike against four trucking firms on Monday, demanding recognition as employees rather than contractors in a move reviving labor tension around the country's busiest cargo hub. Delegations of drivers notified the companies of their intent to...

  • C.H. Robinson misses Street 1Q forecasts Monday, 27 Apr 2015 | 4:27 PM ET

    EDEN PRAIRIE, Minn. _ C.H. Robinson Worldwide Inc. on Monday reported first-quarter profit of $106.5 million. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share. C.H. Robinson shares have dropped almost 8 percent since the beginning of the year, while the Standard& Poor's 500 index has increased...

  • Swift Transportation beats 1Q profit forecasts Monday, 27 Apr 2015 | 4:19 PM ET

    PHOENIX _ Swift Transportation Co. on Monday reported first-quarter earnings of $37.8 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share. Swift Transportation shares have fallen 12 percent since the beginning of the year.

  • LOS ANGELES, April 27- Tractor-trailer drivers who haul freight from the ports of Los Angeles and Long Beach went on strike on Monday against four trucking companies, a Teamster union official said, in a move that could revive labor tension at the nation's busiest cargo hub. Delegations of drivers notified the companies of their intent to strike at 6 a.m. Pacific...