NASHUA, N.H.— New Hampshire would get more bang for its buck by bringing passenger rail service beyond Nashua to Manchester, according to a preliminary feasibility study, but state officials aren't ready to recommend an option. That option envisions 16 trains daily from Manchester and at least 20 from Nashua. The study estimates that the state's annual cost to...» Read More
July 18- Railroad operator Kansas City Southern reported higher-than-expected quarterly revenue as it shipped more agriculture products and automobiles. Kansas City Southern operates on a unique, north-south route in central U.S. and derives half of its annual revenue from cross-border business with Mexico.
July 18- Railroad operator Kansas City Southern reported higher quarterly net income and revenue, helped by a jump in agriculture and automotive shipments. Net income available to common stockholders jumped to $129.8 million, or $1.18 per share, in the second quarter ended June 30, from $15.4 million, or 14 cents per share, a year earlier.
TORONTO, July 17- Canadian Pacific Railway Ltd reported stronger-than-expected results on Thursday, and said rising freight volumes and prices should push already record results to new highs later this year. The shares of the Calgary- based railway, which have risen some 20 percent since its last quarterly report, surged as much as 4.7 percent on the news.
WASHINGTON, July 14- Leaders of the U.S. energy and rail sectors have agreed to toughen tanker cars for future oil train cargo and to a schedule to retire older model cars that regulators have deemed unsafe, said two industry sources familiar with the plan. The Transportation Department is expected to outline that safety plan before the end of the month.
BUENOS AIRES, July 11- Argentine truckers said on Friday they would go on strike from July 21 for an indefinite period in a move that could affect the delivery of grains to the main export ports in the agricultural powerhouse.
Drivers in a labor dispute with three trucking companies at the ports of LA and Long Beach began an indefinite strike Monday.
CHICAGO, July 7- As North Americans hit the highways, airports and rails for vacations this summer, it's not hard to believe that some of the most robust stocks are in the transportation industry- particularly in an improving economy.
CARACAS, June 26- Colombia's biggest coal miner, Cerrejon, said late on Thursday it was transporting coal again from its mine to port after protesters ended a six-day blockade on its private railway line that took the company to the brink of defaulting on shipments.
June 26- Norfolk Southern Corp said it would require its customers to give the railroad company legal protection against damage caused by explosions or leakage of hazardous materials carried in older tank cars. Norfolk Southern said the legal protection, which applies to older DOT-111 tank cars built before late 2011, would take effect on July 15.
June 26- Norfolk Southern Corp said it would require its customers to give the railroad company legal protection against damages caused by explosions or leakage of hazardous materials carried in older tank cars, The Wall Street Journal reported on Thursday.
HOUSTON, June 24- U.S. regulators this autumn may impose new standards for rail tank cars that carry crude oil that are tougher than the latest design adopted by railroads in 2011, a top industry safety executive said on Tuesday.
June 24- Coal miners and power companies are both suffering as railroads struggle to clear a backlog of coal stuck in the Powder River Basin in Wyoming and Montana after the harshest winter in over a decade.
*$25.5 bln project to give S.Sudan, Ethiopia sea access. LAMU, Kenya, June 20- The latest in a string of militant attacks on Kenya's coast has dealt a fresh blow to the economy, but the threat this time goes beyond the tourist trade to an ambitious $25.5 billion port and transport scheme next to the historic town of Lamu.
*Goldman Sachs, Morgan Stanley underwriters to IPO. The Israel- based company listed Goldman Sachs and Morgan Stanley as lead underwriters to the IPO, according to a regulatory filing. Mobileye's other top shareholders include Goldman Sachs Group Inc, Fidelity Investments, BlackRock, and Enterprise Holdings, the No 1 U.S. car rental company.
NEW YORK, June 16- As politicians debate the dangers of a massive increase in oil carried by rail in North America, railroads and energy producers are considering the same for natural gas.
WINNIPEG, Manitoba, June 10- Grain handlers are lobbying the Canadian government for even stricter rules requiring railroads to allocate thousands of railcars to them each week in hopes of stopping an unprecedented crop logjam from getting worse.
Hertz, along with Avis Budget Group Inc and privately held Enterprise Rent-A-Car, the market leader, together control about 90 percent of the U.S. car rental market. Friday's trading erased all of the gains so far this year for shares of Hertz, whose shareholders include Larry Robbins' Glenview Capital Management LLC and Daniel Loeb's Third Point Capital.
Hertz, which replaced its chief financial officer in December, was scheduled to report results on May 7, but delayed the announcement saying more work was required. Third Point had a stake of about 1.3 percent in Hertz as of March 31, while Glenview had about 3 percent.
Hertz had been scheduled to report results on May 7 but delayed the announcement, saying more work was required. Hertz's accountant is PricewaterhouseCoopers LLP. Hertz shares were down 10.6 percent at $27.25 in early trading on the New York Stock Exchange.
June 6- Car rental company Hertz Global Holdings Inc said it would restate financial results for the past three years to correct accounting errors from 2011.. Hertz said its audit committee had concluded that financial statements for 2011 should no longer be relied upon.