WASHINGTON, May 23- The U.S. Senate early on Saturday passed a two-month spending extension for federal transportation projects that puts off a decision on long-term funding for road, bridge and rail transit projects until the height of the summer construction season. The White House said Obama would sign the short-term fix if work continues towards a...» Read More
Dec 9- Logistics company UTi Worldwide Inc said Chief Executive Eric Kirchner had resigned and Edward Feitzinger would replace him, effective immediately. Kirchner joined UTi as CEO in January 2009 from parcel delivery company United Parcel Service Inc, where he led its freight forwarding business. The company denied last week a Bloomberg report saying it...
WASHINGTON, Dec 8- The U.S. Supreme Court appeared divided on Monday as it considered whether Amtrak, the government-owned passenger rail company, wields too much clout in setting regulations that private freight carriers also must follow. The nine justices heard arguments in a challenge by the Association of American Railroads to a federal law that gives...
WASHINGTON, Dec 8- The U.S. Supreme Court on Monday appeared divided as it weighed whether Amtrak, the government-owned passenger rail company, has too much sway over setting regulations that private freight carriers must follow. The nine justices heard oral arguments in a challenge by the Association of American Railroads to a federal law that gives Amtrak, a...
Rail safety is in focus with the boom in oil shipments and a spate of derailments across North America, and the vacancies create a safety risk, industry experts and Canada's public engineers' union say. The chair of the Transportation Safety Board, Kathy Fox, says there is risk of a spill as long as the government fails to address its oversight weaknesses and...
Dec 3- Logistics company UTi Worldwide Inc said it held "exploratory" talks to be acquired by Nordic trucking company DSV A/S, denying a Bloomberg report that discussions were at an advanced stage. "UTi can confirm that exploratory conversations have taken place between the companies, in response to an inquiry from DSV A/S, those discussions never progressed...
OTTAWA, Nov 26- The measures announced by Canada this year to boost the safety of shipping oil by rail are a good first step but more must be done, the new head of the country's Transportation Safety Board said on Wednesday. Kathy Fox, new chairwoman of the independent federal agency, said Canada and the United States must agree on tougher standards for tanker cars...
Activist investor Carl Icahn raised his stake in U.S. car rental company Hertz Global Holdings Inc to 10.77 percent from 8.48 percent.
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.
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.