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Road and Rail
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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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LONDON, March 25- U.S. distributors and freight hauliers have held down diesel consumption even as their business recovers from recession by making thousands of small changes to their operations. In 2013, FedEx will have improved the fuel efficiency of its U.S vehicle fleet by 22 percent compared with 2005, Chairman Frederick Smith said at CERA Week.
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Suppliers like T. Boone Pickens' Clean Energy Fuels, Royal Dutch Shell and China's private ENN Group are scrambling to build natural gas fueling stations along U.S. highways, while Cummins-Westport Inc will begin later this year selling a 12- liter natural gas engine able to power the biggest trucks on the road.
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*More and more interest in propane as transport fuel. NEW YORK, March 6- Home satellite TV provider DISH Network Corp has signed a deal to run 200 of its trucks on propane, in the latest indication that the niche fuel could soon rival natural gas as the United States' cheap transport alternative.
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*India struggling to cope with a record stockpile of grains. NEW DELHI, March 6- India will prioritise exports from overflowing government wheat stocks over private grain sales, a senior farm ministry official told Reuters, if it goes ahead with extra shipments that could face bottlenecks on railroads and at ports.
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ATBARA, Sudan, Feb 20- On rail tracks in Atbara, Sudan's main railway city, stray engines and empty coaches from trains built in Europe, India and the United States, some more than 50 years ago, stand still in the scorching heat.
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Infrastructure expert Barry Lepatner, founder of Lepatner & Associates, offers insight on the costs of America's bridges and roads.
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TORONTO, Feb 5- Canadian National Railway Co, the country's largest rail operator, said on Tuesday it would invest C $1.9 billion in 2013, or slightly more than last year, to upgrade its rail system, improve service and expand business.
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TORONTO, Jan 29- Canadian Pacific Railway Ltd said on Tuesday its aggressive efficiency push would pay off in a 40 percent increase in earnings this year, sending its shares to an all-time high even after it reported a sharp drop in profit on charges related to the restructuring.
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*Barges strike bridge near Vicksburg on Sunday, spill oil. Jan 28- More than 300 barges were awaiting passage through a closed section of the Mississippi River near Vicksburg, Mississippi, on Monday, a day after two tanker barges struck a railroad bridge and one leaked an unknown amount of oil into the river.
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Mad Money host Jim Cramer explains why railroads are so desperate for tank cars right now; and why Trinity and American Railcar are both buys.
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Jan 22- Kansas City Southern's quarterly profit beat Wall Street estimates on strong intermodal and automotive volumes, and the U.S. railroad company forecast 2013 revenue growth in the high-single digits.
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Jan 22- Kansas City Southern's quarterly profit beat Wall Street estimates, boosted by strong intermodal and automotive volumes, and the railroad company forecast 2013 revenue growth in the high-single digits.
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Ebullient stock markets have so far this month encouraged around half a dozen firms in Europe to launch plans to float, seeking to raise more than $3 billion in the first few months of the year.
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MOSCOW, Jan 15- NefteTransService, one of Russia's biggest private freight rail operators, hopes to raise around $500 million via a London listing, sources said, that it will then use to expand into Ukraine and Kazakhstan as the markets open up to competition.
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NEW YORK, Jan 8- Phillips 66 said on Tuesday it entered a five-year commitment to ship North Dakotan crude oil by rail to its New Jersey refinery, making an estimated $1 billion bet that North American crude will remain cheap.
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*Zipcar shares rise 48 percent before the bell. Jan 2- Car rental company Avis Budget Group Inc will buy Zipcar Inc for about $500 million in cash to join larger rivals Hertz Global Holdings Inc and Enterprise Holdings Inc in the fast-growing U.S. car-sharing market. The offer of $12.25 per share represents a premium of 49 percent to Zipcar's Monday close.
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Jan 2- Car rental company Avis Budget Group Inc said it will buy Zipcar Inc for about $500 million in cash to enter the fast-growing U.S. car-sharing market. The offer of $12.25 per share is at a premium of 49 percent to Zipcar's Monday close.
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Jan 2- Car rental company Avis Budget Group Inc said it will buy U.S. car-sharing company Zipcar Inc for about $500 million in cash. The offer of $12.25 per share is at a premium of 49 percent to Zipcar's Monday close. Avis said it expects to complete the deal in the spring of 2013..
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First, NerdWallet tackled the job of simplifying personal finance. Now, they're trying to take some of the aggravation out of air travel with a new venture -- TravelNerd.
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HOUSTON, Dec 17- Two years on, a gusher of U.S. shale oil production is finally starting to seep into California, where refiners in the country's most isolated fuel market are waging an increasingly desperate battle to curb costs.