WARREN, Mich.-- Universal Truckload Services Inc. said Monday that it will pay $123 million in cash for Westport Axle Corp., which provides parts assembly, packaging and distribution services for makers of cars, heavy trucks and recreational vehicles.» Read More
Oct 17- Railroad company Union Pacific Corp reported a 15 percent rise in quarterly earnings on Thursday as increased shipments of automotive and other industrial products more than offset weak coal and agricultural volumes.
WINNIPEG, Manitoba, Oct 16- A possible strike at Canada's biggest railway is compounding a vexing problem in the second-biggest wheat exporting country- how to move the western crop belt's abundant harvest to port with a strained transportation system.
Oct 15- CSX Corp posted a higher quarterly profit as its non-coal business did well and the railroad increased prices. Jacksonville, Florida- based CSX, the first of the big railroads to report quarterly results, earned $463 million or 46 cents a share, up from $455 million or 44 cents a share, last year. They closed at $26.10 on the New York Stock Exchange.
OTTAWA, Oct 15- Canada's government is closely monitoring a dispute between the railroad workers' union and Canadian National Railway Co and is urging both parties to continue talking, a spokeswoman for Labour Minister Kellie Leitch said on Tuesday.
LONDON, Oct 4- LNG-powered locomotives could be in widespread use on North American railroads as early as 2016 or 2017, according to Railway Age, one of the industry's leading technical publications- which is far sooner than most energy analysts expect.
That is likely the case for William and Leslie Johnson of Jackson County, since the state decided not to expand the Medicaid program for the poor under President Barack Obama's Affordable Care Act.
Oct 3- Union Pacific Corp, the No.1 U.S. railroad, forecast third-quarter profit below analysts' expectations as mild summer weather and flooding in Colorado hurt coal shipments. An uncertain economic environment continued to impact intermodal volumes, Union Pacific said in a statement on Thursday.
BRASILIA, Sept 27- More than a year has passed since Brazilian President Dilma Rousseff announced an ambitious plan to raise billions of dollars to lay much-need railroad tracks across this continent-sized nation.
*Hertz shares fall 15 pct; Avis Budget shares drop 7 pct. Government austerity and low consumer confidence have reduced U.S. airline and hotel bookings this year, cutting into one of the biggest sources of revenue for Hertz and its largest publicly traded competitor, Avis Budget Group Inc..
*Cuts adj earnings/share forecast to $1.68- $1.78 from $1.78- $1.88. Hertz said it now expects full-year adjusted earnings of $1.68- $1.78 per share, down from its previous forecast of $1.78- $1.88, based on 465 million shares. Hertz shares, which have gained 10 percent in the last three months, closed at $25.78 on the New York Stock Exchange on Wednesday.
Hertz, the No.2 U.S. car rental company, said it expects revenue of $10.80- $10.90 billion, down from its previous forecast of $10.85- $10.95 billion.
SHANGHAI, Sept 24- China's top coal producing region of Inner Mongolia will cut administrative fees and transport charges for local miners as they battle with weak prices and sluggish demand, the official Xinhua news agency said.
**BLACKBERRY LTD, $10.61, up 2.8 pct. **KYTHERA BIOPHARMACEUTICALS INC, $42.00, up 25 pct. Over 1,000 patients from the United States and Canada were enrolled in two late-stage studies for evaluating the drug against a placebo, Kythera said.
**KYTHERA BIOPHARMACEUTICALS INC, $42.00, up 25 pct. **REPROS THERAPEUTICS INC, $26.75, up 26 pct. **REGADO BIOSCIENCES INC, $9.11, up 20 pct.
NEW YORK, Sept 12- Parents across the United States met the start of a new school year by dropping off their children along with mounds of supplies: crayons, folders, hand sanitizers, paper towels and much, much more.
OTTAWA, Sept 11- A runaway train that blew up in a Quebec town, killing 47 people, was hauling a more flammable, gasoline-like fuel than the crude oil it was supposed to be carrying, raising questions about how accurately dangerous goods are identified on North American railroads, Canadian investigators said on Wednesday.
Wendy Liu, China Equity Research at Nomura expects Chinese equities will continue to climb higher between now and November.
Food, goods trucked in from Uganda, Kenya, Ethiopia. NIMULE, South Sudan, Aug 30- Almost two weeks after truck driver George Wala loaded building materials in the Kenyan port of Mombasa bound for a company in South Sudan he still hadn't reached his destination.
WASHINGTON, Aug 29- U.S. officials said on Thursday they were scrutinizing crude-by-rail shipments as they consider rules meant to prevent another tragedy like the runaway train that killed dozens in Canada last month.
NEW YORK, Aug 20- After a major $500 million deal late last year, Texas- based oil-by-rail pioneer Dan Borgen might be forgiven for packing it in. The sale of five crude oil terminals to Plains All American Pipeline was a landmark for U.S. Development Group, the Pasadena, Texas- company Borgen helped found two decades ago, initially to invest in the rail industry.