WASHINGTON, April 17- Oil train operators must have detailed information on hand about the possible risks of their cargo in case of an accident and perform more thorough checks before moving on the tracks, U.S. transportation officials said on Friday. U.S. officials have been wrestling with how to make oil train deliveries safer ever since a runaway shipment...» Read More
Amtrak plans to move holiday travelers through a snowstorm forecast to hit the East Coast, but the system needs investment badly, said its CEO, Joseph Boardman.
Nov 20- U.S. car rental company Hertz Global Holdings Inc named John Tague as chief executive, overlooking a candidate put forward by activist investor Jana Partners. Hertz had formed a search committee including two independent directors nominated by Icahn to find a replacement for Mark Frissora, who resigned in September. The Committee and the Board...
Nov 20- U.S. car rental company Hertz Global Holdings Inc named John Tague, former chief operating officer of United Airlines Inc, as its chief executive officer. Activist investor Jana Partners LLC, which owns an 8.3 percent stake in the company, had pushed for Dollar Thrifty CEO Scott Thompson as a candidate for the top job at Hertz. Hertz has owned up to a string of...
Hertz said in June it would restate results for 2011 due to accounting errors and would review 2012 and 2013 statements. Hertz said on Friday the errors would reduce its attributable net income by about $87 million for the three years. Hertz reported preliminary revenue of $3.12 billion for the third quarter ended Sept. 30.
Nov 14- Car rental company Hertz Global Holdings Inc said it would restate 2012 and 2013 financial results following an ongoing review that showed accounting errors. The company said in June it would restate 2011 results and review results for the past two years. Hertz shares were down 1 percent at $22.50 in premarket trading on Friday.
NEW YORK/ CALGARY, Nov 12- BNSF Railroad, the Warren Buffett-owned firm that has benefited most from the North Dakota shale boom, has told some customers that they can't add new oil tank-cars to its system until next year, according to two people familiar with the matter. Preventing shippers from putting more rail cars onto the network may help prevent overloading...
CHICAGO, Oct 14- No. 3 U.S. railroad CSX Corp on Tuesday reported a rise in third-quarter profit, beating forecasts and predicting double-digit growth for 2015 as it moved more freight on its network due to a growing U.S. economy. CSX reported earnings per share of 51 cents, up from 45 cents a year ago and beating the 48 cents expected by Wall Street analysts.
Up until today, transportation stocks had been showing signs of strength. CNBC's Dominic Chu reports the road and rail group is still one of the best performing in the S&P this month, and provides insight to trucking and transport company Ryder System.
A record harvest will likely cause financial hardships on grain farmers due to a lack of rail service. Some point the finger at the oil industry for the problem.
Plans are advancing for a private high-speed luxury railway in Florida by the end of 2016.
These rail stocks are transportation analyst Sal Vitale's top picks. Find out why he thinks they still have room to run.
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.