Road and Rail


  • CASSELTON, N.D., Dec 31- Tests of air over a small North Dakota town shrouded in smoke from a fiery oil train crash show that the pollution level is dropping and residents who were evacuated might be able to go home soon, authorities said on Tuesday.

  • Dec 31- Activist investor Daniel Loeb's Third Point Capital LLC has taken a stake of less than 5 percent in Hertz Global Holdings Inc, the second largest U.S. car rental company, CNBC reported. Hertz shares rose as much as 9 percent on Tuesday morning. Hertz shares were up 8 percent at $28.07 on the New York Stock Exchange.

  • Local residents heard five powerful explosions just a mile outside of the small town of Casselton after a westbound 112- car train carrying soybeans derailed. Residents within 5 miles of Casselton were urged to evacuate to avoid contact with the smoke.

  • FARGO, N.D., Dec 30- A BNSF train carrying crude oil in North Dakota collided with another train on Monday setting off a series of explosions that left at least 10 cars ablaze, the latest in a string of incidents that have raised alarms over growing oil-by-rail traffic.

  • Dec 23- Trucking company YRC Worldwide Inc said it reached an agreement with some shareholders and institutional investors to reduce its debt by about $300 million.

  • OTTAWA, Dec 13- Canada is considering classifying crude oil as a higher-risk, dangerous product requiring emergency response plans for shipment by rail following a train accident that leveled the heart of a Quebec town in July, a government official said on Friday.

  • SAN FRANCISCO, Dec 13- Dan Richard is determined to keep California's plan for building an 800- mile high-speed rail system on track despite two recent court rulings against it and rising criticism of the effort.

  • CHICAGO, Dec 13- Don't believe the gassy hype. The United States may be floating on an ocean of cheap, domestically sourced natural gas. That's sent the domestic price of natural gas plunging and fanned big talk from heavy hitters like General Electric's Lorenzo Simonelli about its future as a transport fuel.

  • NEW YORK/ WASHINGTON, Nov 14- U.S. railroads on Thursday urged regulators to improve safety standards for tank cars carrying flammable liquids, following a spate of accidents in the booming crude-by-rail industry.

  • Most old tank cars must be phased out, and even new cars will require modifications, the Association of American Railroads said in a letter to the U.S. Pipeline and Hazardous Materials Safety Administration. The letter came after a train derailed and exploded in western Alabama on Friday, spilling crude oil into a trackside wetland area.

  • Nov 13- Shares of YRC Worldwide Inc lost a quarter of their value, as the trucking company struggled with the implementation of operational changes designed to help reduce its large debt.

  • Nov 13- Shares of YRC Worldwide were set to open 25 percent lower after the trucking company reported a bigger-than-expected quarterly loss, citing a shortage of drivers.

  • NEW YORK, Nov 11- The second explosive oil-train derailment this year, which has finally burned out in rural Alabama, may raise new questions about the safety of the crude-by-rail boom, pointing to problems beyond those that surfaced following the earlier tragedy in Quebec.

  • China: Change will take a long time     Monday, 11 Nov 2013 | 10:06 PM ET

    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.

  • Chinese markets look cheap in Asia: Pro     Monday, 11 Nov 2013 | 9:20 PM ET

    Vasu Menon, Vice President, Wealth Management Singapore at OCBC Bank tells CNBC's Cash Flow why he thinks Chinese markets look attractive.

  • NEW YORK, Nov 11- The second explosive oil-train derailment this year, which has finally burned out in rural Alabama, may raise new questions about the safety of the crude-by-rail boom, pointing to problems beyond those that surfaced following the earlier tragedy in Quebec.

  • ALICEVILLE, Ala., Nov 8- Several oil tank cars that burst into flames after a train derailed in rural Alabama were expected to keep burning into Saturday, potentially reigniting the push for tougher regulation of the boom in moving oil by rail.

  • Nov 8- A 90- car train carrying North Dakota crude derailed and exploded in a rural area of western Alabama early on Friday, leaving 11 cars burning and potentially bolstering the push for tougher regulation of a boom in moving oil by rail. A local official said the crude oil had originated in North Dakota, home of the booming Bakken shale patch.

  • CNBC's Jackie DeAngelis reports railroads may be a viable alternative to the controversial Keystone pipeline.

  • *Files for bankruptcy after Hertz cancels lease agreements. *Hertz shares fall as much as 17 pct. Nov 5- Advantage Rent A Car, which Hertz Global Holdings Inc hived off as part of a deal to buy Dollar Thrifty, will file for bankruptcy after Hertz terminated lease agreements that provided Advantage with its cars.

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