Road and Rail Railroads

  • WASHINGTON— The former head of the Norfolk Southern freight railroad, Charles "Wick" Moorman, has been tapped to be president and CEO of Amtrak, the nation's passenger railroad, Amtrak officials said Friday. Moorman, a native of Hattiesburg, Mississippi, was president and CEO of Norfolk Southern Railway from 2004 to 2013.. Edward Wytkind, president of the AFL-CIO's...

  • WASHINGTON— Many commuter and freight railroads have made little progress installing safety technology designed to prevent deadly collisions and derailments despite a mandate from Congress, according to a government report released Wednesday. The Federal Railroad Administration report shows that while some railroads have made substantial progress,...

  • LONDON, Aug 17- U.S. freight shipments are showing tentative signs of a recovery which could underpin faster growth in diesel demand in 2017.. Monthly shipments are still down by more than 1 percent from their peak at the end of 2014, according to the U.S. Bureau of Transportation Statistics. But the consecutive increases between April and June were the first time...

  • WORCESTER, Mass. _ Providence and Worcester Railroad Co. on Thursday reported second-quarter net income of $185,000. Providence and Worcester Railroad shares have risen 14 percent since the beginning of the year. Keywords: Providence and Worcester Railroad, Earnings Report.

  • Eurostar workers to go on strike

    Rail workers in Europe claim the company has failed to ensure a good work-life balance for managers.

  • Rails back on track?

    CNBC's Morgan Brennan takes a look at the transports which are currently outperforming the S&P and Dow, up over five percent the past month.

  • BEIJING, July 28- China's rail freight volume fell 7.5 percent in the first half of 2016 from the same period a year earlier to 1.58 billion tonnes, the country's top economic planner said on Thursday. The rate of decline eased slightly from 7.7 percent in Jan-May. The state planner did not provide figures for June.

  • CHICAGO, July 27- Norfolk Southern Corp, the No. 4 U.S. railroad, on Wednesday reported a lower quarterly net profit due to a 7 percent drop in freight volumes, but the results just exceeded market expectations because of cost cutting and efficiency measures. The decline in freight at the Norfolk, Virginia- based company was led by a precipitous 25 percent drop in...

  • CHICAGO, July 27- Norfolk Southern Corp, the No. 4 U.S. railroad, on Wednesday reported a lower quarterly net profit due to a 7 percent drop in freight volumes, but the results just exceeded market expectations because of cost cutting and efficiency measures. The decline in freight at the Norfolk, Virginia- based company was led by a precipitous 25 percent drop in...

  • CHICAGO, July 27- Norfolk Southern Corp, the No. 4 U.S. railroad, on Wednesday reported a lower quarterly net profit due to a 7 percent drop in freight volumes, but the results just exceeded market expectations because of cost-cutting and efficiency measures. The decline in freight at the Norfolk, Virginia- based company was led by a precipitous 25 percent drop in...

  • TORONTO, July 25- Canadian National Railway Co reported better-than-expected second-quarter earnings on Monday even as a decline in shipments cut into revenue, but said it expects volumes to improve in the months ahead. Net income fell to C $858 million, or C $1.10 a share, from C $886 million, or C $1.10 a share, a year earlier. Excluding the impact of deferred income...

  • TORONTO, July 25- Canada will take older tank cars out of crude-by-rail service much earlier than originally planned, the government said on Monday, in its latest move to toughen rail safety after a deadly 2013 crash. Both types of cars will now be taken out of service by Nov. 1, 2016, said Delphine Denis, a spokeswoman with the office of Transport Minister Marc...

  • CHICAGO, July 21- Union Pacific Corp on Thursday posted a lower quarterly net profit that was hurt by slumping freight volumes- especially coal- and warned the strong U.S. dollar, soft global economy and weak consumer demand would weigh on the No. 1 U.S. railroad's business in the second half of 2016.. The railroad reported second-quarter net income of $980 million,...

  • CHICAGO, July 21- Full-year 2016 freight volumes at Union Pacific Corp could fall between 6 percent and 8 percent from 2015, driven by declining coal volumes, weak shale oil business and the strong U.S. dollar, the company's top executive said on Thursday. Chief Executive Lance Fritz told Reuters a "not very robust" showing by U.S. consumers would also hurt freight.

  • What is Trump's energy policy?

    Donald Hoffman, EXCEL Services Corp. CEO, discusses Donald Trump's position on coal and energy policies.

  • CHICAGO, July 21- Union Pacific Corp on Thursday reported a lower quarterly net profit that was hurt by falling freight volumes, especially coal, and warned the strong U.S. dollar, soft global economy and weak consumer demand would keep weighing on the No. 1 U.S. railroad's business in the second half of 2016.. The Omaha, Nebraska- based company said overall freight...

  • CHICAGO, July 21- Union Pacific Corp on Thursday reported a lower quarterly net profit that was hurt by falling freight volumes, especially coal, and warned the strong U.S. dollar, soft global economy and weak consumer demand would keep weighing on the No. 1 U.S. railroad's business in the second half of 2016.. The Omaha, Nebraska- based company said overall freight...

  • Singapore state investor Temasek will buy the 46 percent stake in SMRT that it does not already own for about $869.31 million.

  • CHICAGO, July 19- U.S regional railroad Kansas City Southern on Tuesday reported a higher-than-expected second-quarter profit, helped by cost cutting, but its freight volumes were flat and revenue fell more than analysts had forecast. Kansas City Southern reported a 13 percent decrease in operating expenses to $348.6 million from $399 million.

  • WASHINGTON, July 13- U.S. regulators on Wednesday proposed a rule on trains carrying crude that requires railroads to share information on the shipments with local governments and emergency responders, a month after a fiery derailment of an oil train along Oregon's scenic Columbia River gorge. The rule proposed by the Transportation Department's Pipeline...