Declining to participate in the settlement fund are World Fuel Services Corp., which owned the oil shipment, and Canadian Pacific Railroad, which transported the oil to Montreal. Much of downtown Lac Megantic was destroyed by a raging fire after the unattended Montreal, Maine& Atlantic train with 72 oil tankers derailed in the middle of the night.» Read More
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.
Patrick Xu, Infrastructure & Transportation Analyst, Asia Ex-Japan at Barclays, explains how Chinese railway stocks are set to benefit from Beijing's increased investment in the sector.
CNBC's Michelle Caruso-Cabrera reports on a train crash in Spain. At least 80 people are dead and hundreds are hurt as investigators say the train may have been going twice as fast as it should have been.
A train carrying 400 passengers derailed outside Paris today and crashed into a station, killing 7 and injuring dozens more. The cause of the crash is under investigation.
A freight train carrying as much as a million gallons of crude oil derailed. At least 5 people are dead, reports CNBC's Seema Mody.
The deadly train explosion in Canada could give the energy industry a major wake-up call. Tom Petrie of Petrie Partners talks about opportunities for moving crude via rail.
Is transporting oil via railway just too dangerous? BP Capital Chairman and CEO Boone Pickens, discusses his plan to cut our dependence on foreign oil by converting trucks from gasoline to natural gas.
Thousands of Connecticut commuters faced delays and crowded trains on Monday as Metro-North workers scrambled to repair damage on the United States' busiest rail line.
Wick Moorman, CEO of Norfolk Southern, discusses the rail company's first quarter results, and weighs in on the direction of the U.S. economy.
Michael Ward, president, chairman, and CEO of CSX, discusses his company's better-than-expected earnings, and weighs in on the outlook on the economy.
Infrastructure expert Barry Lepatner, founder of Lepatner & Associates, offers insight on the costs of America's bridges and roads.
Mad Money host Jim Cramer explains why railroads are so desperate for tank cars right now; and why Trinity and American Railcar are both buys.
First, NerdWallet tackled the job of simplifying personal finance. Now, they're trying to take some of the aggravation out of air travel with a new venture -- TravelNerd.
Every day, about 10 Kansas City Southern trains hauling everything from cars to chemicals crisscross the border between Mexico and the United States at Laredo, Texas, up from about six three years ago.
CNBC's Jackie DeAngelis has the latest numbers on trains and utilities restoring service in the New York metropolitan area.
Rio Tinto is investing $518 million in driverless trains for its 1,500 kilometer (930 mile) Western Australian iron-ore rail network, increasing network capacity as the world no. 2 iron ore miner aims to boost output 60 percent by 2015.
Patrick Xu, ground transportation analyst, Asia Ex-Japan Equity Research., Barclays Capital, says valuations of China's toll road stocks are attractive and a safe bet in a volatile market.
With the same force that powered the most ambitious rail programme in history, China has slammed the brakes on its investment in high-speed trains. The FT reports.
Analysts have been raising their predictions for holiday spending ever since the back-to-school shopping season was stronger than most had expected. But the people who work at the companies that ship and transport retailers’ goods are not nearly as optimistic about holiday sales. The New York Times reports.