PHOENIX _ Swift Transportation Co. on Wednesday reported fourth-quarter net income of $58.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. Swift Transportation shares have dropped 5 percent since the beginning of the year.» Read More
LONDON/ HELSINKI/ COPENHAGEN, Aug 19- Team Niinivirta, a Finnish family-run transportation firm, turned 60 this year, but its third-generation managers now don't know if the business will see Christmas, because of Russia's new ban on European food imports.
NEW YORK, Aug 18- Washington's decision to allow exports of an ultra light crude offers a potential boon to U.S. producers that will bypass drillers in the Permian basin, because the country's fastest growing shale play lacks pipelines or affordable trucking.
TORONTO, Aug 15- More than eight months after an extreme winter began snarling North American rail traffic, a Reuters analysis of industry data shows delays lingering, raising the risk of a second winter of chaos on the rails.
LONDON, Aug 13- Gas-fuelled locomotives are not a new idea. Plymouth Locomotive Company built the first propane-fuelled rail engine as early as 1936..
LONDON, Aug 12- From modest beginnings in the Barnett shale beneath the city of Fort Worth, unnoticed by most energy analysts, horizontal drilling and hydraulic fracturing spread across North America and transformed all aspects of the energy landscape in under 10 years.
LONDON, Aug 7- Bakken crude is no more dangerous than other light sweet crudes and poses no greater risk when transported by rail, according to a report prepared for the North Dakota Petroleum Council, which represents oil producers and shippers in the state.
Aug 6- Coal miner Alpha Natural Resources Inc reported a slightly bigger adjusted net loss for the second quarter as coal prices remained weak. Alpha Natural is also being hurt by poor rail service in Wyoming's Powder River Basin, which is preventing the company from cashing in on an uptick in demand for electricity-generating coal.
July 31- Car rental company Avis Budget Group raised its full-year revenue and profit forecast as demand rose in North America and the company raised prices. The company raised its full-year profit forecast to $2.75- $3.05 per share from $2.50- $2.95 earlier and revenue expectation to $8.6- $8.7 billion from $8.4- $8.6 billion earlier.
Drivers in a labor dispute with three trucking companies at the ports of LA and Long Beach began an indefinite strike Monday.
Nick Cohn, global traffic congestion expert at TomTom, discusses traffic congestion and how drivers could save a lot of time by using live traffic data.
CNBC.com Managing Editor Allen Wastler reports a big market correction; the entitlement program and a French rail company ordering 2,000 trains too wide for platforms are the hottest topics among CNBC.com readers.
U.S. companies moving crude via rail must tell states when a cargo is moving across their jurisdiction, the Transportation Secretary said.
Amtrak CEO Joseph Boardman last week surprised transit officials with a shortened lifespan assessment of the Hudson River tunnels.
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.
Chen Jiahe, Analyst at Cinda Securities tells CNBC's Cash Flow that while change will take a long time, he still likes the China market.
Vasu Menon, Vice President, Wealth Management Singapore at OCBC Bank tells CNBC's Cash Flow why he thinks Chinese markets look attractive.
CNBC's Jackie DeAngelis reports railroads may be a viable alternative to the controversial Keystone pipeline.
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.