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Road and Rail

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  • Feb 25- Rapid growth in moving oil by train in the United States, coupled with a spate of fiery crashes and derailments, has prompted U.S. regulators and railroads to consider new safety measures this year.

  • LONDON, Feb 25- U.S. railroad operators have agreed new safety procedures to reduce the number of fiery derailments involving crude-carrying trains and cut the risk of a catastrophic explosion in a densely populated urban centre.

  • Feb 24- XPO Logistics Inc's quarterly revenue more than doubled as it placed more freight with other carriers and shipped a higher number of quick delivery packages. Revenue from XPO's expedited transportation, or quick delivery, division rose 19.4 percent to $26.4 million in the quarter ended Dec. 31.

  • WASHINGTON, Feb 21- Many oil-by-rail shipments will slow down through urban areas and track inspections will increase on high-traffic areas in response to a string of fiery derailments in the last several months, the American Association of Railroads said on Friday.

  • By July 1, many large train shipments of oil will abide by a 40 mph speed limit in urban areas, the American Association of Railroads said.

  • Obama made the announcement in Upper Marlboro, Maryland, about 20 miles from Washington, at a distribution center for Safeway grocery stores, next to a trucking rig that had been redesigned to increase fuel economy.

  • Obama made the announcement in Upper Marlboro, Maryland, about 20 miles from Washington, at a distribution center for Safeway grocery stores, next to a trucking rig that had been redesigned to increase fuel economy.

  • CALGARY, Feb 12- Canadian National Railway is charging shippers more to transport crude oil in older tank cars, one of the first signs that rail operators are actively discouraging use of the type of cars involved in several dramatic explosions.

  • HOUSTON, Feb 6- Independent oil refiner Tesoro Corp is replacing older railcars in its crude-by-rail fleet with ones that have the latest safety designs, Chief Executive Officer Greg Goff told analysts on Thursday.

  • Feb 4- U.S. coal miner Arch Coal Inc reported a bigger-than-expected quarterly loss due to weak shipments and prices, but said markets for thermal coal, used to generate power, are improving. They soared 5 percent during a conference call with Wall Street analysts.

  • Feb 4- U.S. coal miner Arch Coal Inc reported a bigger-than-expected quarterly loss due to lower shipments and weak prices of both thermal and metallurgical coal. Arch Coal, whose shares fell 3.5 percent in premarket trading, said it expects to sell between 131.5 million and 142.5 million tons of coal in 2014..

  • Last year they ferried more than 780,000 barrels of oil a day, or about 10 percent of U.S. production, according to the Association of American Railroads. The cars are more likely to spill their hazardous cargo and catch fire, according to documents dating back to the early 1990 s, when the U.S. National Transportation Safety Board noted their repeated failure.

  • LOS ANGELES, Jan 31- Blu LNG, one of the biggest names in the move to wean U.S. trucks off diesel onto natural gas, has laid off 20 percent of its staff, ousted several senior executives and slowed down development of fueling stations as it waits for more truckers to embrace the switch to the cheap and cleaner-burning fuel.

  • TORONTO, Jan 30- Canadian National Railway Co, the country's largest rail operator, reported higher quarterly earnings on Thursday, saying its full-year volumes and revenue hit record highs, but the results were tempered by extreme winter weather in December and came in slightly below estimates.

  • TORONTO, Jan 30- Canadian National Railway Co, the country's largest rail operator, reported higher quarterly results on Thursday and said full-year volumes and revenue hit a record, but results were tempered by extreme winter weather in December and came in slightly below estimates.

  • *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 record quarterly results on Wednesday despite taking a hit from extreme winter weather in December.

  • 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.

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