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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TORONTO, Dec 5- Shares of Canadian Pacific Railway touched an all-time high on Wednesday as the railroad detailed a turnaround plan that includes sweeping job cuts which could save about C $500 million over the next four years.
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*Job cuts deeper than CP Railway estimated earlier. Dec 4- Canadian Pacific Railway Ltd, the country's second biggest rail carrier, said on Tuesday it would cut 4,500 jobs by 2016 as part of a drive by its new CEO to slash costs and improve its operating efficiency, now the industry's worst.
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*Kansas City Southern railroad leading charge. Over the past five years, Kansas City Southern has spent about $300 million to lay roughly 90 miles of new track in Texas, buy and update terminals in Mexico and make other network upgrades.
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Every day, about 10 Kansas City Southern trains hauling everything from cars to chemicals crisscross the border between Mexico and the United States at Laredo, Texas, up from about six three years ago.
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Every day, about 10 Kansas City Southern trains hauling everything from cars to chemicals crisscross the border between Mexico and the United States at Laredo, Texas, up from about six just three years ago.
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LOS ANGELES, Dec 3- Freighters with no place to unload cargo lined up at anchorages off Los Angeles and Long Beach for a seventh day on Monday as shippers and striking clerks resumed talks to end a labor dispute that has idled most of America's biggest container port complex.
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LOS ANGELES, Dec 3- Freighters with no place to unload their cargo lined up at anchorages off Los Angeles and Long Beach for a seventh day on Monday as shippers and striking clerks resumed talks to end a labor dispute that has idled most of America's biggest container port complex.
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LOS ANGELES, Dec 1- A strike by clerical workers at the twin ports of Los Angeles and Long Beach idled most of the busiest U.S. cargo shipping complex for a fifth day on Saturday as container-laden vessels waited to be unloaded and marathon contract talks stretched into the night.
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CNBC's Jackie DeAngelis has the latest numbers on trains and utilities restoring service in the New York metropolitan area.
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Rio Tinto is investing $518 million in driverless trains for its 1,500 kilometer (930 mile) Western Australian iron-ore rail network, increasing network capacity as the world no. 2 iron ore miner aims to boost output 60 percent by 2015.
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CNBC's Jackie DeAngelis reports China is moving full speed ahead with its high-speed rail program; Sears plans to close more than 100 of its stores; and Morgan Stanley plans to cut 580 jobs at four New York City offices.
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Patrick Xu, ground transportation analyst, Asia Ex-Japan Equity Research., Barclays Capital, says valuations of China's toll road stocks are attractive and a safe bet in a volatile market.
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With the same force that powered the most ambitious rail programme in history, China has slammed the brakes on its investment in high-speed trains. The FT reports.
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Analysts have been raising their predictions for holiday spending ever since the back-to-school shopping season was stronger than most had expected. But the people who work at the companies that ship and transport retailers’ goods are not nearly as optimistic about holiday sales. The New York Times reports.
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In the aftermath of China's recent high-speed train collision, citizens have lashed out at the government's handling of the disaster on weibo, the Chinese version of Twitter. The NYT reports.
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After days of growing public fury over last month’s high-speed train crash and the government’s reaction, Chinese authorities have enacted a virtual news blackout on the disaster except for positive stories or information officially released by the government. The NYT reports.
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A deadly train accident in eastern China has added to a national sense of unease that safety may have been sacrificed in the country’s rush to modernize. The NYT reports.
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Michael Ward, CSX Corporation president/CEO discussing the company's record-breaking Q2 earnings and what will drive future growth, with Mohamed El-Erian, PIMCO CEO/Co-CIO.
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CNBC.com has compiled a list of the countries with world's fastest trains based on the highest speeds that trains have reached. Here's the list!
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James Cowan, American Railcar Industries CEO & president, and Steve Barger, KeyBanc Capital Markets transport analyst, discuss early signs of a revival for the railcar industry.