GO
Loading...

Enter multiple symbols separated by commas

Road and Rail Railroads

More

  • OMAHA, Neb.— A sharp decline in coal shipments drove down Union Pacific's second-quarter profit by 7 percent, and executives predicted that the railroad would fall short of expectations for the year because the challenging conditions will continue. Union Pacific Corp. said coal volume dropped 26 percent in the second quarter, and demand for that fuel is likely...

  • Republicans eliminated the proposal from a multi-year surface transportation bill, after coming under pressure from the Obama administration and Democratic lawmakers, whose support they need for passage of the legislation, Senate aides said on Wednesday. In late June, the Republican-controlled Senate Commerce Committee voted to repeal the requirement...

  • Republicans eliminated the proposal from a multi-year surface transportation bill, after coming under pressure from the Obama administration and Democratic lawmakers, whose support they need for passage of the legislation, Senate aides said on Wednesday. In late June, the Republican-controlled Senate Commerce Committee voted to repeal the requirement...

  • PORTLAND, Maine— A U.S. bankruptcy judge on Friday joined a Canadian judge in approving a $338 million fund to settle claims stemming from a fiery train derailment that claimed 47 lives in Canada. The final hurdle is a vote by creditors in the U.S. before the plan can be confirmed on Sept. 24, said Robert Keach, U.S. bankruptcy trustee for the former railroad that...

  • CHICAGO, July 14- No. 3 U.S. railroad CSX Corp on Tuesday reported a higher quarterly net profit, beating forecasts as productivity gains and lower fuel prices offset a drop in coal volumes that took a bite out of revenue. But CSX received a boost from a fuel bill of $263 million for the quarter, 37 percent lower than the $416 is paid out in the second quarter of 2014. The...

  • WASHINGTON, July 14- Billionaire investor Warren Buffett is set to be a chief beneficiary of a bid by Senate Republicans to weaken new regulations to improve train safety in the $2.8 billion crude-by-rail industry, a key cog in the development of the vast North American shale oil fields. On Wednesday, the panel will decide whether to send the measure to the full...

  • HOUSTON, July 1- Union Pacific Corp will impose a $1,200 per-car surcharge on oil shippers that move crude in older railcars, the company told customers this week, becoming at least the second U.S. railroad to charge extra amid widespread safety concerns. Union Pacific said it changed its tariff in response to stronger U.S. rules for handling flammable liquids...

  • 2nd half of the year: Rail stocks Tuesday, 30 Jun 2015 | 3:37 PM ET
    2nd half of the year: Rail stocks

    Why you should keep an eye on rail volumes in the second half of the year, with CNBC's Morgan Brennan.

  • Transports cross into correction territory Tuesday, 30 Jun 2015 | 7:54 AM ET
    Transports cross into correction territory

    CNBC's Morgan Brennan has the update on transport stocks and shippers. Expect weakness in rails to continue but not for companies that cart consumer goods, reports Brennan.

  • Google Maps hits the rails Monday, 29 Jun 2015 | 9:00 AM ET
    Google Maps hits the rails

    Google teams up with the government to add railroad crossing data to its map system.

  • Rough ride for railroad stocks Thursday, 25 Jun 2015 | 8:42 AM ET
    Rough ride for railroad stocks

    CNBC's Morgan Brennan takes a look at why investors are hitting the brakes on the railroad sector after cruising for many years.

  • WASHINGTON, June 24- U.S. commuter and freight railroads may be forced to suspend service or face daily fines beginning Jan. 1, unless Congress extends its year-end deadline for implementing new safety technology, lawmakers were told on Wednesday. The National Transportation Safety Board estimated that more than 245 people have died and 4,260 have been...

  • Railroads some of biggest losers Wednesday, 24 Jun 2015 | 3:38 PM ET
    Railroads some of biggest losers

    Transports are lagging on Wall Street. CNBC's Morgan Brennan reports the latest.

  • Railroad safety increases after fatal crash Tuesday, 9 Jun 2015 | 8:00 AM ET
    Railroad safety increases after fatal crash

    The government's railroad watchdog is urging railroads to use more caution after the fatal Amtrak crash last month.

  • Czech company to bring euro-style trains to US Wednesday, 3 Jun 2015 | 4:45 PM ET
    Czech company to bring euro-style trains to US

    Leos Novotny, Leo Express CEO, plans on replicating the same model of euro-styled trains to the U.S.

  • Pro sticks with top three picks Thursday, 28 May 2015 | 7:16 AM ET
    Pro sticks with top three picks

    Craig Hodges, The Hodges Fund, shares his play on the airlines, rails and construction.

  • Transports red flags Wednesday, 27 May 2015 | 2:02 PM ET
    Transports red flags

    Digging into the woes setting up for the transport companies, with Donald Broughton, Avondale Partners, and Brandon Oglenski, Barclays.

  • U.S. Senate Democrats press for Amtrak funding increase Thursday, 21 May 2015 | 4:44 PM ET

    One day after an Amtrak train derailed on May 12 near Philadelphia, killing eight passengers, the Republican-controlled House Appropriations Committee approved a $1.14 billion Amtrak budget, a $252 million cut from fiscal 2015.. "Philadelphia was preventable and it was predictable," Senator Richard Blumenthal of Connecticut said at a news conference.

  • Low US rail spending sparks safety concerns Wednesday, 20 May 2015 | 9:38 PM ET
    Rescue crews and investigators inspect the site of an Amtrak train derailment in Philadelphia on May 13, 2015.

    For the size of the U.S. economy, it lags far behind many of the world's most developed countries in spending on rail networks. The New York Times reports.

  • BRASILIA, May 19- Chinese Premier Li Keqiang will push trade, finance and investment deals worth tens of billion of dollars on Tuesday to help Brazil upgrade its dilapidated infrastructure and boost a slumping economy. On his first official trip to Latin America, Li will meet President Dilma Rousseff and attend the signing of a raft of agreements ranging from a...