BISMARCK, N.D.— Canadian Pacific Railway told a federal oversight board Friday that moving fertilizer for spring planting does not present a "significant challenge" for the railroad.» Read More
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.
Michael Ward, CSX CEO, projects modest growth for 2014 and discusses trends throughout Q4. Ward also expects to face some similar coal challenges experienced in 2013.
*Alcoa slides after results, Sears down on holiday sales. NEW YORK, Jan 10- U.S. stocks traded flat on Friday after the December payroll report came in much weaker than expected, raising new questions about both the strength of the economy and the aggressiveness of Federal Reserve stimulus.
*Alcoa slides after results, Sears down on holiday sales. NEW YORK, Jan 10- U.S. stocks edged lower on Friday after the December payroll report came in much weaker than expected, raising new questions about both the strength of the economy and the aggressiveness of Federal Reserve stimulus.
*Alcoa shares slide after results. NEW YORK, Jan 10- U.S. stocks were little changed in volatile trading on Friday as a weaker-than-expected payrolls report was partly blamed on frigid weather, leaving traders in search of further clues on the state of the economy.
*Alcoa shares slide after results. NEW YORK, Jan 10- U.S. stocks were set to rise slightly at the open on Friday even as the December jobs report came in much weaker than anticipated. "That's what markets do," said John Canally, investment strategist and economist for LPL Financial in Boston.
*Alcoa shares slide after results. NEW YORK, Jan 10- U.S. stock index futures climbed in low volume on Friday as traders awaited a key report on employment in the world's largest economy. "I expect the number to be strong and an initial surge to 1,850 on the S&P," said Ken Polcari, director of the NYSE floor division at O'Neil Securities in New York.
*Alcoa shares slide after results. *Alcoa reported a massive quarterly loss on Thursday after recent declines in aluminum prices; its shares fell 7.5 percent in premarket trading.
TORONTO/ WASHINGTON, Jan 9- Political pressure to quickly improve the safety of crude oil rail shipments intensified in Washington on Thursday, while Canadian officials said two of the cars involved in the latest fiery derailment were of an older variety long faulted by regulators.
Jan 9- Workers at trucking company YRC Worldwide Inc represented by the Teamsters union rejected a contract extension that the company proposed, putting a plan to restructure its debt in jeopardy.
LONDON, Jan 9- Train accidents involving crude oil and other flammable liquids are becoming uncomfortably common. The fiery train derailment in New Brunswick on Tuesday is the third major accident involving crude by rail in just three months, and the fourth since July 2013.
NEW DELHI, Jan 9- India will soon invite foreign businesses to help expand its once-mighty but now outdated railways, government sources said, in a move that would mark the opening up of one of the country's last great state-controlled industries.
LONDON, Jan 8- Most crude oil being transported by rail in the United States and Canada is moving in tank cars that will rupture and catch fire if the train derails, according to accident investigations and reports filed with U.S. rail regulators, posing a lethal danger to railway workers and communities along the route.
Temperatures were 20 to 40 degrees Fahrenheit below average in parts of Montana, North and South Dakota, Minnesota, Iowa, Wisconsin, Michigan and Nebraska, according to the National Weather Service. Babbitt, Minnesota, was the coldest place in the United States on Monday at minus 37 F, according to the National Weather Service.
NEW YORK/ WASHINGTON, Jan 6- U.S. The most devastating occurred in Quebec in July last year, when a train derailed and exploded in the town of Lac Megantic, killing 47.. In the United States, 1,400 trains carry crude each day today, up from 31 in 2009, according to a figure Schumer cited from the National Transportation Safety Board.
CHICAGO/ CLEVELAND, Ohio, Jan 6- A blast of Arctic air gripped the vast middle of the United States on Monday, bringing the coldest temperatures felt in two decades, causing at least four deaths, forcing businesses and schools to close and canceling thousands of flights.
LONDON, Jan 6- The rising number of serious accidents involving oil tank cars over the past 12 months suggests that shippers are underestimating the safety risk of transporting crude by rail. If the industry and regulators do not resolve these issues promptly, it is only a matter of time before a major disaster occurs in the United States.
WASHINGTON, Jan 2- Crude oil produced in North Dakota may be more flammable and prone to explosions than earlier thought, U.S. officials said on Thursday as they examine whether gas trapped in crude-by-rail shipments could explain a spate of fiery accidents.
The 106- car BNSF Railway Co oil train struck a derailed grain train on Monday afternoon about a mile west of Casselton, a town of 2,300 people. "The environment within the city limits of Casselton is now safe for residents to return to their homes," the Cass County Sheriff's Office said in a statement.
CASSELTON, North Dakota, Dec 31- In this tiny North Dakota town, the shock of watching a dozen oil tank cars erupt into flames just a mile or two from residents' homes and businesses stirred little anxiety over the safety of the thriving oil-by-rail business.