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Road and Rail

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  • Agriculture Secretary Thomas Vilsack met with Warren Buffett last week to urge the billionaire investor to make sure his BNSF railroad is ready for an expected record corn and soy harvest this year.

  • Revamped U.S. refineries are absorbing heavy Canadian crude and new oil-rail terminals built by companies like Gibson Energy Inc and Canexus Corp are loading trains to deliver crude to markets across North America, and potentially abroad, limiting the downturn and keeping prices buoyant compared to the past seasons.

  • Siemens to build trains in US for private railway Thursday, 11 Sep 2014 | 5:58 PM ET
    At the Siemens plant in Sacramento, Calif., Michael Cahill of Siemens and Myles Tobin of All Aboard Florida tour a locomotive under construction.

    Plans are advancing for a private high-speed luxury railway in Florida by the end of 2016.

  • Hertz to appoint three Icahn nominees to its board Thursday, 11 Sep 2014 | 4:33 PM ET

    Sept 11- Car rental company Hertz Global Holdings Inc said it would add three directors nominated by billionaire investor Carl Icahn to its board.

  • Hertz's shares rose as much as 5 percent after the No. 2 U.S. car rental company said it had begun the search for a replacement. Brian MacDonald, CEO of Hertz's equipment rental business, which will soon be spun off, was named interim chief executive.

  • This sector is a hot investment right now: Analyst Thursday, 4 Sep 2014 | 3:53 PM ET
    A refrigerated railcar sits on the production line at the Greenbrier plant in Portland, Ore.

    These rail stocks are transportation analyst Sal Vitale's top picks. Find out why he thinks they still have room to run.

  • TORONTO, Sept 2- Amtrak, the U.S. passenger rail service, said on Tuesday that it has asked U.S. regulators to investigate "unacceptable train delays" on its Illinois routes that use Canadian National Railway Co tracks.

  • *Rail workers to go on strike from 6 pm. FRANKFURT/ BERLIN, Sept 1- German rail workers' union GDL called a three-hour strike on Monday that will hit passenger and freight traffic across the country as it seeks to raise pressure on rail operator Deutsche Bahn in a pay dispute.

  • The delays have been perpetuated also by a surge in rail deliveries of crude oil and grain, leaving power producers such as FirstEnergy Corp scrambling for transport alternatives before winter sets in, potentially adding to costs.

  • ULAN BATOR, Aug 22- China and Mongolia have signed 26 new deals on railroads, mining and power generation during Chinese President Xi Jinping's state visit that began on Thursday, Mongolia's Ministry of Foreign Affairs said. Closer economic relations with China may be landlocked Mongolia's answer to recent economic woes.

  • Hertz, Avis Budget Group Inc and market leader Enterprise Rent-A-Car control about 90 percent of the U.S. car rental market. And more so Hertz, than Avis, since cars are made by General Motors Co account for a bigger portion of its fleet.

  • Hertz's stock falls after car rental firm pulls forecast Wednesday, 20 Aug 2014 | 8:54 AM ET

    Hertz expects 2014 results to be "well below" its previous guidance due to business challenges and costs related to a review of the past three years' results, it said in a regulatory filing on Tuesday.

  • Aug 19- Canada's Transportation Safety Board on Tuesday released its final report on last year's Lac-Mégantic crude train disaster, including a list of 18 "causes and contributing factors" to the catastrophic derailment that killed 47 people.

  • LAC-MÉGANTIC, Quebec, Aug 19- The Canadian government did not adequately audit the railroad company at the center of the Lac-Mégantic crude tanker disaster, which last year killed 47 people, an independent federal agency said on Tuesday, as it called for tougher scrutiny of the rail industry.

  • LAC-MÉGANTIC, Quebec, Aug 19- The Canadian government did not adequately audit the rail firm at the center of the Lac-Mégantic crude tanker disaster that last year killed 47 people, an independent federal agency said on Tuesday, as it called for tougher scrutiny of the rail industry.

  • LONDON/ HELSINKI/ COPENHAGEN, Aug 19- Team Niinivirta, a Finnish family-run transportation firm, turned 60 this year, but its third-generation managers now don't know if the business will see Christmas, because of Russia's new ban on European food imports.

  • NEW YORK, Aug 18- Washington's decision to allow exports of an ultra light crude offers a potential boon to U.S. producers that will bypass drillers in the Permian basin, because the country's fastest growing shale play lacks pipelines or affordable trucking.

  • TORONTO, Aug 15- More than eight months after an extreme winter began snarling North American rail traffic, a Reuters analysis of industry data shows delays lingering, raising the risk of a second winter of chaos on the rails.

  • LONDON, Aug 13- Gas-fuelled locomotives are not a new idea. Plymouth Locomotive Company built the first propane-fuelled rail engine as early as 1936..

  • LONDON, Aug 12- From modest beginnings in the Barnett shale beneath the city of Fort Worth, unnoticed by most energy analysts, horizontal drilling and hydraulic fracturing spread across North America and transformed all aspects of the energy landscape in under 10 years.