March 11- A few weeks after Melanie Mendez and her husband returned home to Massachusetts from South Florida in January they received a bill from a rental car company for $555. She had to turn to the Better Business Bureau, which eventually got the charge dropped.» Read More
TORONTO, Jan 29- Mile-long trains carrying crude oil will likely keep chugging through North American cities even after a string of fiery disasters spurred safety officials to urge that railways send risky cargo along less populated routes.
*Adjusted earnings per share C $1.91 vs estimated C $1.95. TORONTO, Jan 29- Canadian Pacific Railway, the country's second largest railroad, reported a weaker-than-expected quarterly profit on Wednesday, but forecast adjusted earnings would climb at least 30 percent in 2014 as revenue rises.
*Fourth-quarter adjusted earnings per share C $1.91 vs est C $1.95. Jan 29- Canadian Pacific Railway, Canada's second largest railway, reported a five-fold jump in fourth-quarter profit, as freight revenue rose 7 percent.
Jan 27- Teamsters union members have approved YRC Worldwide Inc's revised contract, clearing the way for the struggling trucking company to proceed with refinancing its more than $1 billion debt, sending its shares up as much as 11 percent.
Jan 27- Teamsters union members have approved YRC Worldwide Inc's revised labor contract, clearing the way for the struggling trucking company to proceed with its refinancing plans, sending its shares up 13 percent before the bell.
Jan 24- Regional railroad operator Kansas City Southern missed fourth-quarter profit estimates on Friday amid weakness in its energy business, including lower coal shipments, sending its shares down more than 20 percent in early trading.
TORONTO, Jan 23- A rise in oil production has spurred a huge boom across North America in shipping crude via rail as energy producers look for alternatives to relieve congested pipelines.
Newer cars feature thicker steel and protective plates and fixtures, but the U.S. Department of Transportation has so far allowed older cars to stay in circulation, even as the Association of American Railroads has called for their "aggressive" retrofitting.
Jan 22- Norfolk Southern Corp on Wednesday reported a 24 percent increase in fourth-quarter earnings, beating Wall Street's expectations, as strong chemicals, construction materials and auto shipments more than offset a dip in coal volumes. Norfolk Southern said it worked on reigning in costs throughout the year.
WASHINGTON, Jan 16- Rail operators may route some fuel shipments around urban areas and slow down trains carrying some dangerous deliveries in the wake of a recent spate of fiery derailments, the U.S.
Jan 15- CSX on Wednesday posted a fourth-quarter profit that fell short of Wall Street's estimates as rising shipments of chemicals, autos and agricultural products failed to make up for weak coal volumes.
Jan 15- CSX Corp posted a smaller fourth-quarter profit that missed Wall Street estimates by a cent, as coal volumes stayed weak and its shares fell 3 percent. Coal shipments have been a problem for CSX and its competitor Norfolk Southern as the shift to natural gas caused utility coal stockpiles to surge as demand for coal from power producers declined.
Michael Ward, CSX CEO, projects modest growth for 2014 and discusses trends throughout Q4. Ward also expects to face some similar coal challenges experienced in 2013.
*Alcoa slides after results, Sears down on holiday sales. NEW YORK, Jan 10- U.S. stocks traded flat on Friday after the December payroll report came in much weaker than expected, raising new questions about both the strength of the economy and the aggressiveness of Federal Reserve stimulus.
*Alcoa slides after results, Sears down on holiday sales. NEW YORK, Jan 10- U.S. stocks edged lower on Friday after the December payroll report came in much weaker than expected, raising new questions about both the strength of the economy and the aggressiveness of Federal Reserve stimulus.
*Alcoa shares slide after results. NEW YORK, Jan 10- U.S. stocks were little changed in volatile trading on Friday as a weaker-than-expected payrolls report was partly blamed on frigid weather, leaving traders in search of further clues on the state of the economy.
*Alcoa shares slide after results. NEW YORK, Jan 10- U.S. stocks were set to rise slightly at the open on Friday even as the December jobs report came in much weaker than anticipated. "That's what markets do," said John Canally, investment strategist and economist for LPL Financial in Boston.
*Alcoa shares slide after results. NEW YORK, Jan 10- U.S. stock index futures climbed in low volume on Friday as traders awaited a key report on employment in the world's largest economy. "I expect the number to be strong and an initial surge to 1,850 on the S&P," said Ken Polcari, director of the NYSE floor division at O'Neil Securities in New York.
*Alcoa shares slide after results. *Alcoa reported a massive quarterly loss on Thursday after recent declines in aluminum prices; its shares fell 7.5 percent in premarket trading.
TORONTO/ WASHINGTON, Jan 9- Political pressure to quickly improve the safety of crude oil rail shipments intensified in Washington on Thursday, while Canadian officials said two of the cars involved in the latest fiery derailment were of an older variety long faulted by regulators.