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Road and Rail

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  • 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...

  • LOS ANGELES, April 27- Truckers who haul freight from the ports of Los Angeles and Long Beach will go on strike against four ground-shipment companies on Monday, a Teamsters union official said, in a move that could revive labor tension at the nation's busiest cargo hub. Delegations of drivers planned to notify the companies of their intent to strike at 6 a.m....

  • The ports of Los Angeles and Long Beach are the primary West Coast gateway for hundreds of billions of dollars of annual trade, much of it with Asia. About 16,000 truckers work the two ports, and several hundred from four companies were taking part of the job action, Teamsters union spokeswoman Barb Maynard said. The Teamsters union has been trying to organize...

  • Brazil trucker strike sputters on second day Friday, 24 Apr 2015 | 10:15 AM ET

    SAO PAULO, April 24- Participation in a trucker strike in Brazil weakened on Friday, its second day, as the number of blockages on highways fell to 11 from 17 the night before, according to police. Truckers in Brazil resumed roadblocks across the country's main farm belt early on Thursday, after failing to reach common ground in talks with the government and freight...

  • SAO PAULO, April 23- Truckers in Brazil resumed roadblocks across the country's main farm belt early on Thursday, after failing to reach common ground in talks with the government and freight companies in recent weeks regarding pay and fuel prices. Highway police estimated 14 protests blocking roads Thursday morning, that mainly affected the movement of...

  • CHICAGO, April 23- Union Pacific Corp is scrambling to cope with opposing trends across its network after a drop in freight volumes in the first quarter, the No. 1 U.S. railroad's top executive said on Thursday. All had been rosy for Union Pacific just months earlier, in the fourth quarter. A similar drop-off in coal has affected other railroads- CSX Corp, Norfolk...

  • CHICAGO, April 22- No. 1 U.S. railroad Union Pacific Corp on Thursday reported a higher quarterly net profit as lower fuel costs and pricing gains offset falling freight volumes, but results fell short of market expectations. Union Pacific saw the volume of coal on its rails fall 5 percent during the quarter. Omaha- based Union Pacific posted first-quarter net...

  • OMAHA, Neb.— Union Pacific's first-quarter profit improved 6 percent but fell short of expectations as railroad shipping volume slowed 2 percent on weak coal demand and a labor dispute at West Coast ports. CEO Lance Fritz said Union Pacific Corp. wasn't as efficient as could have been due to the sharp drop in volume, but that the railroad is working to adjust its...

  • WASHINGTON, April 17- Oil train operators must have detailed information on hand about the possible risks of their cargo in case of an accident and perform more thorough checks before moving on the tracks, U.S. transportation officials said on Friday. U.S. officials have been wrestling with how to make oil train deliveries safer ever since a runaway shipment...

  • WASHINGTON, April 17- Oil train operators must have detailed information on hand about the possible risks of their cargo in case of an accident and perform more thorough checks before moving on the tracks, U.S. officials said on Friday. Shippers must account for who handled crude oil involved in any mishap and what the operator knows about the possible...

  • CHICAGO, April 15- Low oil prices and the strong U.S. dollar made for a somewhat painful first quarter for major U.S. railroads CSX Corp and Norfolk Southern Corp, and may continue to weigh on their profits. Chief Executive Officer Michael Ward told Reuters the reduced outlook reflected the impact of the strong dollar, low oil prices and the weak coal market.

  • CHICAGO, April 14- U.S. railroad CSX Corp on Tuesday reported a higher quarterly net profit on increased freight volumes and higher rates charged to customers, and announced a $2 billion share repurchase program. The Jacksonville, Florida- based company reported first-quarter net income of $442 million or 45 cents per share, an 11 percent increase over the $398...

  • CHICAGO, April 14- U.S. railroad CSX Corp on Tuesday reported a higher quarterly net profit, as a growing economy lifted freight volumes and allowed it to charge higher rates to customers. The Jacksonville, Florida- based company reported first-quarter net income of $442 million or 45 cents per share, an 11 percent increase over the $398 million, or 40 cents a share,...

  • LONDON, April 1- More than 1 million barrels of crude oil move by train across the United States every day, according to data published for the first time by the government on Tuesday. The volume of crude shipped by rail has increased more than 50- fold in five years, from just 630,000 barrels in January 2010 to 33.7 million barrels in January 2015, the Energy...

  • TORONTO, March 23- Canadian National Railway's safety record deteriorated sharply in 2014, reversing years of improvements, as accidents in Canada blamed on poor track conditions hit their highest level in more than five years, a Reuters analysis has found. Canada's Transportation Safety Board said on Tuesday that track failure may have played a role in CN's...

  • LONDON, March 17- Demand for oil is intimately connected to the demand for transportation in the United States and the other advanced industrial economies. Cars, trucks, airlines, railways and shipping accounted for 71 percent of total U.S. oil consumption in 2013, according to the U.S. Bureau of Transportation Statistics. Petroleum-derived fuels, including...