NEW YORK/ CALGARY, Feb 28- New U.S. rules to toughen classification standards for oil-train shipments will affect less than 3 percent of the tank cars now hauling crude across the country, leaving older, flawed models on the tracks, officials and industry sources say.» Read More
WINNIPEG, Manitoba, Oct 16- A possible strike at Canada's biggest railway is compounding a vexing problem in the second-biggest wheat exporting country- how to move the western crop belt's abundant harvest to port with a strained transportation system.
Oct 15- CSX Corp posted a higher quarterly profit as its non-coal business did well and the railroad increased prices. Jacksonville, Florida- based CSX, the first of the big railroads to report quarterly results, earned $463 million or 46 cents a share, up from $455 million or 44 cents a share, last year. They closed at $26.10 on the New York Stock Exchange.
OTTAWA, Oct 15- Canada's government is closely monitoring a dispute between the railroad workers' union and Canadian National Railway Co and is urging both parties to continue talking, a spokeswoman for Labour Minister Kellie Leitch said on Tuesday.
LONDON, Oct 4- LNG-powered locomotives could be in widespread use on North American railroads as early as 2016 or 2017, according to Railway Age, one of the industry's leading technical publications- which is far sooner than most energy analysts expect.
That is likely the case for William and Leslie Johnson of Jackson County, since the state decided not to expand the Medicaid program for the poor under President Barack Obama's Affordable Care Act.
Oct 3- Union Pacific Corp, the No.1 U.S. railroad, forecast third-quarter profit below analysts' expectations as mild summer weather and flooding in Colorado hurt coal shipments. An uncertain economic environment continued to impact intermodal volumes, Union Pacific said in a statement on Thursday.
BRASILIA, Sept 27- More than a year has passed since Brazilian President Dilma Rousseff announced an ambitious plan to raise billions of dollars to lay much-need railroad tracks across this continent-sized nation.
*Hertz shares fall 15 pct; Avis Budget shares drop 7 pct. Government austerity and low consumer confidence have reduced U.S. airline and hotel bookings this year, cutting into one of the biggest sources of revenue for Hertz and its largest publicly traded competitor, Avis Budget Group Inc..
*Cuts adj earnings/share forecast to $1.68- $1.78 from $1.78- $1.88. Hertz said it now expects full-year adjusted earnings of $1.68- $1.78 per share, down from its previous forecast of $1.78- $1.88, based on 465 million shares. Hertz shares, which have gained 10 percent in the last three months, closed at $25.78 on the New York Stock Exchange on Wednesday.
Hertz, the No.2 U.S. car rental company, said it expects revenue of $10.80- $10.90 billion, down from its previous forecast of $10.85- $10.95 billion.
SHANGHAI, Sept 24- China's top coal producing region of Inner Mongolia will cut administrative fees and transport charges for local miners as they battle with weak prices and sluggish demand, the official Xinhua news agency said.
**BLACKBERRY LTD, $10.61, up 2.8 pct. **KYTHERA BIOPHARMACEUTICALS INC, $42.00, up 25 pct. Over 1,000 patients from the United States and Canada were enrolled in two late-stage studies for evaluating the drug against a placebo, Kythera said.
**KYTHERA BIOPHARMACEUTICALS INC, $42.00, up 25 pct. **REPROS THERAPEUTICS INC, $26.75, up 26 pct. **REGADO BIOSCIENCES INC, $9.11, up 20 pct.
NEW YORK, Sept 12- Parents across the United States met the start of a new school year by dropping off their children along with mounds of supplies: crayons, folders, hand sanitizers, paper towels and much, much more.
OTTAWA, Sept 11- A runaway train that blew up in a Quebec town, killing 47 people, was hauling a more flammable, gasoline-like fuel than the crude oil it was supposed to be carrying, raising questions about how accurately dangerous goods are identified on North American railroads, Canadian investigators said on Wednesday.
Wendy Liu, China Equity Research at Nomura expects Chinese equities will continue to climb higher between now and November.
Anderson Chow, Regional Head of Infrastructure Research, Asia Pacific, HSBC says Beijing is committed to improving rail asset returns in order to broaden funding sources.
The driver of the train that crashed in Spain was talking on the phone, reports CNBC's Seema Mody; and Mary Thompson reports on the SEC's closing arguments in the Fabrice Tourre trial.
Patrick Xu, Infrastructure & Transportation Analyst, Asia Ex-Japan at Barclays, explains how Chinese railway stocks are set to benefit from Beijing's increased investment in the sector.
CNBC's Michelle Caruso-Cabrera reports on a train crash in Spain. At least 80 people are dead and hundreds are hurt as investigators say the train may have been going twice as fast as it should have been.