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Road and Rail

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  • TORONTO, March 19- A record-shattering Canadian harvest, combined with one of the most frigid winters in decades, has created a grain-handling backlog that will not be cleared until next year, the head of Canadian National Railway said on Wednesday.

  • Hertz, the No. 2 U.S. car rental company behind privately owned Enterprise Rent-A-Car, has been under pressure from investors to shed the business and focus on car rentals. Hertz's remaining businesses would include the Hertz, Dollar, Thrifty and Firefly car rental brands and the Donlen fleet leasing and management business.

  • *Trucks to ditch brick shape in favour of sleek look. BRUSSELS, March 18- European truck design will be transformed to make driver cabs more aerodynamic, cutting emissions and improving safety, under new rules backed by EU politicians on Tuesday.

  • Hertz, the No. 2 U.S. car rental company behind privately owned Enterprise Rent-A-Car, has been under pressure from investors to shed the business, which rents equipment ranging from small tools to heavy earth movers. Hertz shares rose 2 percent before the bell on Tuesday.

  • March 18- Car rental company Hertz Global Holdings Inc said it would spin off its equipment rental business for $2.5 billion. The division, Hertz Equipment Rental Corp, provides a wide range of rental equipment from small tools to heavy earthmoving equipment.

  • Truckers' strike at Vancouver port to continue Monday Sunday, 16 Mar 2014 | 10:10 PM ET

    VANCOUVER, March 16- A two-and-a-half week container truck driver strike at Port Metro Vancouver was set to continue on Monday after a government and port authority plan to end the job action at Canada's largest port failed to make headway on the weekend.

  • VANCOUVER, March 14- Representatives of unionized and nonunionized container truck drivers at Port Metro Vancouver were set to meet with government and port officials on Friday to discuss a plan designed to end a 14- day strike at Canada's largest port.

  • CN Rail CEO says will meet Ottawa's grain shipment target Wednesday, 12 Mar 2014 | 3:07 PM ET

    *Trucker strike in Vancouver causing lumber backlog. TORONTO, March 12- Canadian National Railway Co, the country's biggest railroad operator, said on Wednesday it will meet the federal government's order to ship 500,000 tonnes of grain a week, but its chief executive said there would still be a severe backlog even under ideal conditions.

  • YOUR MONEY-Damage control for sneaky car rental fees Tuesday, 11 Mar 2014 | 10:39 AM ET

    March 11- A few weeks after Melanie Mendez and her husband returned home to Massachusetts from South Florida in January they received a bill from a rental car company for $555. She had to turn to the Better Business Bureau, which eventually got the charge dropped.

  • Truck driver strike at Vancouver port picks up steam Monday, 10 Mar 2014 | 3:04 PM ET

    VANCOUVER, March 10- Unionized container truck drivers set up picket lines at Canada's largest port on Monday, joining hundreds of non-unionized workers who walked off the job last month in a dispute over pay and services.

  • MOSCOW, March 8- Rosatom, Russia's state energy corporation, said on Saturday it would resume nuclear fuel shipments to Europe via Ukraine after Kiev lifted a ban imposed during anti-government protests earlier this year on transporting the hazardous material.

  • WINNIPEG, Manitoba/ OTTAWA, March 7- Canada's government took the drastic step on Friday of forcing the country's two major rail companies to ship at least 500,000 tonnes of grain each a week to ease a massive backlog that is hurting farmers.

  • 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.

  • WASHINGTON, Feb 28- New York Gov. Andrew Cuomo said on Friday officials have launched inspections at state rail yards to protect people from potential accidents involving shipments of volatile crude oil from the Bakken oil fields in North Dakota.

  • *4th- qtr profit of $400,000 vs $35.3 mln loss year earlier. Feb 27- Trucking company YRC Worldwide Inc reported fourth-quarter results that beat Wall Street estimates as operating revenue in its regional transportation business rose 10 percent, sending its shares up about 11 percent.

  • WASHINGTON, Feb 26- U.S. lawmakers are expected to question regulators and rail industry officials on Wednesday about several recent fiery derailments, focusing on whether shipments from energy producing regions such as North Dakota's Bakken area are being handled safely.

  • Feb 25- Rapid growth in moving oil by train in the United States, coupled with a spate of fiery crashes and derailments, has prompted U.S. regulators and railroads to consider new safety measures this year.

  • LONDON, Feb 25- U.S. railroad operators have agreed new safety procedures to reduce the number of fiery derailments involving crude-carrying trains and cut the risk of a catastrophic explosion in a densely populated urban centre.

  • Feb 24- XPO Logistics Inc's quarterly revenue more than doubled as it placed more freight with other carriers and shipped a higher number of quick delivery packages. Revenue from XPO's expedited transportation, or quick delivery, division rose 19.4 percent to $26.4 million in the quarter ended Dec. 31.

  • CSX CEO: Positive growth for 2014     Wednesday, 15 Jan 2014 | 4:22 PM ET

    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.