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Road and Rail

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  • TORONTO, May 1- Two years after taking control of Canadian Pacific Railway, Chief Executive Hunter Harrison said his aggressive overhaul of the former industry laggard will soon hit pay dirt, with its transformation into North America's most efficient carrier.

  • OTTAWA, April 23- Canada will require that older rail cars used for carrying crude oil be phased out by May 2017, the government said on Wednesday, moving ahead of the United States to ban the controversial cars in light of burgeoning oil-by-rail traffic and a deadly accident last year.

  • OTTAWA, April 23- Canada will require that the use of older rail cars for carrying crude oil be phased out within three years, even though the United States has yet to make such a rule change, according to documents seen by Reuters on Wednesday.

  • Canadian Pacific Railway Ltd and Canadian National Railway Co have come under enormous pressure to clear the backlog, which resulted from a record harvest last year and subsequent disruptions of service caused by a frigid winter.

  • *Quarterly earnings per share C $1.44 vs C $1.41 estimate. CP shares jumped 6 percent to C $173.83 on the Toronto Stock Exchange in early morning trading.

  • US STOCKS-Futures flat, but Netflix jumps in premarket Tuesday, 22 Apr 2014 | 7:35 AM ET

    *Netflix jumps, results show strong subscriber growth. NEW YORK, April 22- U.S. stock index futures were flat on Tuesday as investors found few reasons to continue buying after a five-day rally in the S&P 500, though Netflix jumped following its earnings results.

  • CSX Corp and Norfolk Southern Corp are both trading 15 percent or more below their warranted share price, according to a measure of "intrinsic valuation" tracked by Thomson Reuters StarMine.

  • April 16- Railroad operator Kansas City Southern reported better-than-expected quarterly results as a bumper corn crop in 2013 led to higher grain shipments. Midwest to Mexico, Chief Executive David Starling said on a conference call with analysts.

  • April 16- Railroad operator Kansas City Southern reported a 10 percent rise in first-quarter revenue, helped by higher shipments in its agriculture business. Revenue rose to $607.4 million from $552.8 million, while revenue at the company's agriculture business jumped 40 percent.

  • LONDON, April 15- Electro-Motive Diesel, the world's largest diesel locomotive manufacturer, has taken delivery of the first of four specially designed liquefied natural gas tenders ultimately destined for use on the Canadian National railroad.

  • US urges oil-by-rail sector to agree a safer tank car Wednesday, 9 Apr 2014 | 3:59 PM ET

    "My target date is as soon as possible," Foxx told a panel of the Senate Appropriations Committee when asked when the new standard would be ready. The Department of Transportation is responsible for mandating a new tank car design, but officials are counting on input from industry.

  • VANCOUVER, April 9- Just over a year ago, Canadian trucking firm Bison Transport took a bet on a potentially game changing technology, buying 15 big rigs powered by liquefied natural gas. After 14 months on the road, though, the Winnipeg- based company has found that the reality- at least initially- is less rosy.

  • GENEVA, April 4- Russia is inflicting $2.2 billion of annual costs on crossborder trade by enforcing illegal customs charges and inspections on trucks, the Secretary General of the International Road Transport Union said on Friday.

  • OTTAWA, April 3- Governments should require companies shipping crude oil by rail to carry enough liability insurance to make up for shortfalls in coverage carried by railways, the president of Canada's second-largest rail operator said on Thursday.

  • VANCOUVER, March 26- Negotiators on Wednesday reached a deal to end the month-long container truck strike that has crippled operations at Canada's largest port and slowed the transport of hundreds of millions of dollars worth of goods.

  • VANCOUVER, March 19- The British Columbia government is preparing legislation to force striking container truck drivers to return to work at Port Metro Vancouver, in an effort to end a three-week strike that has crippled operations at Canada's largest port.

  • TORONTO, March 19- A record-shattering Canadian harvest, combined with one of the most frigid winters in decades, has created a grain-handling backlog that will not be cleared until next year, the head of Canadian National Railway said on Wednesday.

  • Hertz, the No. 2 U.S. car rental company behind privately owned Enterprise Rent-A-Car, has been under pressure from investors to shed the business and focus on car rentals. Hertz's remaining businesses would include the Hertz, Dollar, Thrifty and Firefly car rental brands and the Donlen fleet leasing and management business.

  • *Trucks to ditch brick shape in favour of sleek look. BRUSSELS, March 18- European truck design will be transformed to make driver cabs more aerodynamic, cutting emissions and improving safety, under new rules backed by EU politicians on Tuesday.

  • Hertz, the No. 2 U.S. car rental company behind privately owned Enterprise Rent-A-Car, has been under pressure from investors to shed the business, which rents equipment ranging from small tools to heavy earth movers. Hertz shares rose 2 percent before the bell on Tuesday.