BISMARCK, N.D.— BNSF Railway Co. will add trains in the Dakotas, Minnesota and Montana solely for transporting fertilizer for spring crop planting, the railroad has told a federal oversight board. The federal board this week ordered BNSF and Canadian Pacific Railway to report their plans by Friday to ensure delivery of fertilizer shipments this spring.» Read More
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.
Jan 27- Teamsters union members have approved YRC Worldwide Inc's revised labor contract, clearing the way for the struggling trucking company to proceed with its refinancing plans, sending its shares up 13 percent before the bell.
Jan 24- Regional railroad operator Kansas City Southern missed fourth-quarter profit estimates on Friday amid weakness in its energy business, including lower coal shipments, sending its shares down more than 20 percent in early trading.
TORONTO, Jan 23- A rise in oil production has spurred a huge boom across North America in shipping crude via rail as energy producers look for alternatives to relieve congested pipelines.
Newer cars feature thicker steel and protective plates and fixtures, but the U.S. Department of Transportation has so far allowed older cars to stay in circulation, even as the Association of American Railroads has called for their "aggressive" retrofitting.
Jan 22- Norfolk Southern Corp on Wednesday reported a 24 percent increase in fourth-quarter earnings, beating Wall Street's expectations, as strong chemicals, construction materials and auto shipments more than offset a dip in coal volumes. Norfolk Southern said it worked on reigning in costs throughout the year.
WASHINGTON, Jan 16- Rail operators may route some fuel shipments around urban areas and slow down trains carrying some dangerous deliveries in the wake of a recent spate of fiery derailments, the U.S.
Jan 15- CSX on Wednesday posted a fourth-quarter profit that fell short of Wall Street's estimates as rising shipments of chemicals, autos and agricultural products failed to make up for weak coal volumes.
Jan 15- CSX Corp posted a smaller fourth-quarter profit that missed Wall Street estimates by a cent, as coal volumes stayed weak and its shares fell 3 percent. Coal shipments have been a problem for CSX and its competitor Norfolk Southern as the shift to natural gas caused utility coal stockpiles to surge as demand for coal from power producers declined.