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Road and Rail Railroads

  • OMAHA, Neb.— Norfolk Southern's second-quarter profit surged 23 percent as the railroad hauled 6 percent more freight and coal demand increased. Norfolk Southern CEO Jim Squires said the railroad decided to increase its budget for repurchasing stock this year by 25 percent to $1 billion because of the strong results. Norfolk Southern said its coal revenue...

  • CN chief executive Luc Jobin said on a call with analysts that he expects volume growth during the second half of the year, despite tougher comparable figures from the fourth quarter of 2016. "It's a lot of volume coming at us," CN chief financial officer Ghislain Houle said on the call. CN reaffirmed 2017 adjusted earnings per share of C $4.95 to C $5.10, despite...

  • Canada's largest railroad company said net income rose to C $1.03 billion, or C $1.36 per share, in the second quarter ended June 30 from C $858 million, C $1.10 per share, a year earlier. Excluding items, the company earned C $1.34 per share, slightly ahead of analysts' average estimate of C $1.32, according to Thomson Reuters I/B/E/S. Revenue rose 17 percent to C $3.33...

  • July 25- Canadian National Railway Co reported a 20 percent rise in quarterly profit on Tuesday as the railroad moved higher volumes of commodities including Canadian grains and fertilizers. Canada's largest railroad company said net income rose to C $1.03 billion, or C $1.36 per share, in the second quarter ended June 30 from C $858 million, C $1.10 per share, a...

  • SAN ANTONIO— Officials say 21 freight cars hauling coal from Wyoming have derailed in South Texas as temperatures reached the triple digits. Union Pacific spokesman Jeff DeGraff says authorities are investigating whether the searing heat played a role Sunday afternoon in the derailment in San Antonio. Temperatures reached 100 degrees that day.

  • Artist's impression of the MTR Express' newly unveiled Trainy McTrainface

    A train operator in Sweden has vowed to name one of its trains Trainy McTrainface in a bid to bring “joy” to all those disappointed when the U.K. overturned a public vote to name a polar research ship with a similar quirky name.

  • Trade Representative Robert Lighthizer released this week for the renegotiation of NAFTA with Mexico and Canada is reasonable and in line with what the Trump administration has promised to focus on, the head of America's largest railroad said on Thursday. Talks with Mexico and Canada on revisions to the treaty, which came into effect in 1994, are due to start...

  • Union Pacific CEO: We are working on to make our service the best in the marketplace

    Union Pacific Chairman & CEO Lance Fritz discusses the rail company's quarterly earnings and strategy going forward.

  • NEW YORK— Union Pacific Corp. reported a boost in second-quarter profit on Thursday as coal and industrial product shipments pushed revenue higher. Union Pacific's profit jumped 19 percent to $1.17 billion, or $1.45 per share. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share, while eight analysts...

  • Revenue from grain shipments, the biggest contributor to the rail operator's total revenue, jumped 20.2 percent to C $363 million in the second quarter ended June 30. CP Chief Marketing Officer John Brooks said he expects Canada's second largest railroad will feel the impact of the dry conditions in North Dakota, as uncertainty grows in southern Alberta and...

  • OMAHA, Neb.— CSX's new chief executive is defending the restructuring progress made in the first four months since he was hired to lead a turnaround of the railroad. CEO Hunter Harrison, who's previously led turnarounds at three other railroads, says he's pleased with the improvement so far. The Jacksonville, Florida- based railroad has taken nearly 900...

  • DETROIT, July 18- CSX Corp, the third-largest U.S. railroad operator, posted a better-than-expected rise in quarterly net profit on Tuesday, helped by improved coal shipments, and the company also announced a $500 million increase to its share repurchase program. The Jacksonville, Florida- based railroad said second-quarter revenue rose 8 percent, on growth...

  • A CSX coal train heads south toward the Ohio River in Cincinnati, Ohio.

    Analysts had expected higher guidance from the railroad company.

  • Tudor Investment Corp. has been considering a move to a location closer to the commuter rail line to make it easier to travel back and forth to New York City, spokesman Patrick Clifford said. The firm has agreed to sell its 43- acre property in Greenwich to the private Brunswick School, which is across the street, Tudor Jones said. "This change would support easy...

  • DETROIT, July 18- CSX Corp, the third-largest U.S. railroad operator, reported a better-than-expected rise in quarterly net profit on Tuesday as coal shipments helped drive revenue growth. CSX posted second-quarter net income of $510 million or 55 cents per share, up from $445 million or 47 cents per share a year earlier. On that basis, Wall Street analysts had...

  • Cramer's game plan: A make-or-break week for every key sector

    Jim Cramer looks ahead to the important stocks and events of a week that he says will define the rest of the quarter.

  • Jim Cramer looks ahead to the important stocks and events of a week that he says will define the rest of the quarter.

  • Make-or-break week for every key sector

    Jim Cramer looks ahead to the important stocks and events of a week that he says will define the rest of the quarter.

  • Construction workers pour concrete as part of a bridge expansion project in California.

    These 10 states have the best infrastructure in America, from roads and bridges to railways, ports, airports and utilities.

  • Top States Worst Infrastructure

    Trump backs a $1 trillion infrastructure plan mixing state and private spending. These 10 crumbling states need it most.