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  • OTTAWA, Feb 20- Canada will boost the minimum insurance railways will have to carry when they haul crude oil and an additional fund will be set up with levies on oil shipments to cover major disasters, under legislation to be introduced on Friday, two sources familiar with the bill said. The legislation is in reaction to a spate of oil-by-rail accidents, the most...

  • OTTAWA, Feb 20- The Canadian government, which has pledged to make railways and shippers carry more insurance for oil shipments in light of recent fiery accidents, said it would introduce a bill on Friday to make rail transportation "safer and more accountable." Ottawa was galvanized into action after a runaway oil train exploded in Lac-Mégantic, Quebec, in 2013,...

  • SAO PAULO, Feb 20- Truckers protesting high diesel prices in Brazil used road blocks to restrict the flow of soy, corn and other commodities in a key grain-growing region for a third day on Friday, threatening what is expected to be a record harvest. A group of transport companies and independent truckers are blocking the flow of goods on the main highway and other...

  • Universal Truckload misses 4Q profit forecasts Thursday, 19 Feb 2015 | 7:24 PM ET

    WARREN, Mich. _ Universal Truckload Services Inc. on Thursday reported fourth-quarter net income of $10.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. Analysts expected $297.5 million, according to Zacks.

  • NEW YORK, Feb 19- CSX has notified state officials of its plans to bypass the scene of a crude train derailment and continue delivering oil to a terminal on the Virginia coast, emergency management officials from Virginia and West Virginia said Wednesday. Those shipments will use a combination of CSX and other railroads to reach eastern Virginia destinations, "...

  • WASHINGTON, Feb 17- A fiery oil train derailment in West Virginia this week exposes lax safety standards and strengthens the case for tougher U.S. rules governing such shipments, safety advocates said on Tuesday. A 109- car delivery of crude oil from North Dakota's Bakken energy patch derailed in West Virginia on Monday, setting at least nine cars ablaze.

  • ALBANY, N.Y.— The Cuomo administration has proposed boosting New York's oil spill fund to $40 million amid the recent surge in railroad shipping and dangerous derailments, while transferring authority from the state comptroller to its own environmental staff. Shifting control to the Department of Environmental Conservation is not. The past few years have...

  • TORONTO/ CALGARY, Feb 15- Canadian Pacific Railway Ltd began operating a reduced freight schedule run by its managers on Sunday, after talks on a new contract broke down and more than 3,000 train engineers and conductors walked off the job. Canada's No. 2 railway and the Teamsters Canada Rail Conference failed to agree on terms including on scheduling and rest...

  • Canada's second-largest railway and the Teamsters Canada Rail Conference could not agree on scheduling and rest time before a midnight deadline passed. Commuters in Montreal will also feel the effects, since CP operates some commuter trains in Canada's second largest city. Canada's Labour Minister Kellie Leitch, who intervened in the talks on Friday to try...

  • Trucker YRC Worldwide posts operating profit Thursday, 5 Feb 2015 | 4:53 PM ET

    Feb 5- Trucking company YRC Worldwide Inc reported a quarterly operating profit, helped by a $5.8 million gain on asset disposals. YRC recorded an operating income of $31.2 million for the fourth quarter ended Dec. 31, compared with an operating loss of $1.6 million, a year earlier. Revenue rose marginally to $1.22 billion.

  • WASHINGTON, Feb 2- U.S. railroads expect to boost spending to $29 billion this year to lay track, add engines and otherwise upgrade a national network tested by a surge in energy and agriculture deliveries, the leading industry trade group said on Monday. The investment announced by the Association of American Railroads is the second annual increase for a...

  • LOS ANGELES, Jan 27- Negotiators for major shipping lines and the union representing 20,000 dockworkers have reached a tentative agreement on the maintenance of cargo chassis, overcoming a key hurdle in protracted contract talks for 29 U.S. West Coast ports. "A tentative agreement was reached on the chassis topic, and we are hopeful that this will allow us to move...

  • LOS ANGELES, Jan 27- Negotiators for major shipping lines and the union representing 20,000 dockworkers have reached a tentative agreement on the maintenance of cargo chassis, overcoming a key hurdle in protracted contract talks for 29 U.S. West Coast ports. Settlement of the chassis issue, and the labor talks in general, has been seen as crucial to resolving...

  • Jan 27- After a blizzard that blanketed the northeastern United States but proved less powerful in New York City than predicted, airlines, commuter rail, bus lines and subways resumed limited operations on Tuesday. LIRR service remains suspended on the Montauk Branch east of Babylon, Greenport to Ronkonkoma, Port Jefferson Branch east of Huntington and the...

  • Lower coal revs hit Norfolk Southern profit Monday, 26 Jan 2015 | 1:24 PM ET
    A file photo of a Norfolk Southern freight train.

    Norfolk Southern expects a solid U.S. economy to boost its business in 2015 but said it was too early to gauge the impact of lower energy prices.

  • CHICAGO, Jan 26- Norfolk Southern Corp, the No. 4 U.S. railroad, expects a solid U.S. economy to boost its business in 2015 but said on Monday it was too early to gauge the overall impact of lower energy prices. Norfolk Southern's fourth-quarter profit was hurt by a 15 percent drop in coal revenue. The Norfolk, Virginia- based company said gains in its intermodal, or...

  • CHICAGO, Jan 26- Norfolk Southern Corp, the No. 4 U.S. railroad, on Monday reported slightly lower fourth-quarter profit due partly to a 15 percent drop in coal revenue. Norfolk Southern said the drop in coal was caused by a weak global export market and fewer shipments of coal to utilities, which resulted in a decrease in freight volumes of 6 percent.

  • CHICAGO, Jan 23- Regional railroad Kansas City Southern reported a higher quarterly net profit that came in well above Wall Street expectations, driven mainly by higher freight volumes, and said it expected to benefit from a growing U.S. economy in 2015.. The company said "while there is significant volatility in the energy markets" it expects to see volume growth...

  • Jan 22- Canadian Pacific Railway Ltd, Canada's second-largest railroad operator, reported a higher-than-expected quarterly profit as freight volumes jumped and operating efficiency improved. Net income rose to C $451 million, or C $2.63 per share, from C $82 million, or 47 Canadian cents per share, a year earlier, when the company had taken an impairment charge...

  • CSX profit up, expects double-digit growth in 2015 Wednesday, 14 Jan 2015 | 10:51 AM ET
    CSX freight lines run through center city Philadelphia

    CSX reported a higher profit and said it expected a strong increase in its freight business and double-digit earnings growth during 2015.