×

Road and Rail Railroads

  • TORONTO, Feb 24- Passenger and freight train service across southern Ontario started to resume on Friday after being halted due to a power outage at Canadian National Railway's rail traffic control center, officials said. The domino effect could slow national freight routes as outages at a traffic control centre could mean signals turn red throughout the...

  • CSX freight lines run through center city Philadelphia

    U.S. railroad operator CSX Corp's chief executive, Michael Ward, will retire after more than 14 years in the role.

  • BNSF CEO: 2017 will be better than 2016

    Matt Rose, BNSF CEO, speaks to CNBC's Morgan Brennan about his infrastructure expectations and Trump administration policies.

  • Should Amtrak be privatized?

    Amtrak CEO Wick Moorman weighs in on whether Amtrak should be privatized.

  • Amtrak CEO: Would like $28B primarily for Northeast Corridor

    Amtrak CEO Wick Moorman speaks to CNBC's Morgan Brennan about fixing rail infrastructure problems.

  • Rocky road for California train

    CNBC's Aditi Roy reports on the future of high-speed rail in the country under the Trump administration.

  • Pacific Northwest, sending freight rates soaring and prompting Asian buyers to seek fill-in loads as they wait for the backlog at ports to clear. The setbacks come at a critical time for U.S. exporters, who are trying to move as much grain as possible before buyers turn their attention to South America when corn and soybean harvests in Argentina and Brazil...

  • Pacific Northwest, sending freight rates soaring and prompting Asian buyers to seek fill-in loads as they wait for the backlog at ports to clear. The setbacks come at a critical time for U.S. exporters, who are trying to move as much grain as possible before buyers turn their attention to South America when corn and soybean harvests in Argentina and Brazil...

  • MOSCOW, Jan 31- Freight One, Russia's largest freight rail operator and part of Vladimir Lisin's UCL Holding, has submitted an official bid for a stake in Transcontainer, Freight One board member Alexander Sapronov was quoted as saying by Interfax on Tuesday. Transcontainer is controlled by Russian Railways, which via associated companies owns around 63...

  • Transports ride into record territory

    Chris Wetherbee, Citi, provides his outlook on the Dow Jones Transportation Average as growth continues in the transport sector fueled by freight volume and "seasonal" weather patterns.

  • NEW YORK, Jan 25- BNSF Railway Co will start offering discounts to ethanol shippers this April if they agree to use new, safer train cars, as it pushes to scrub puncture-prone ones from its rail lines at a faster pace than required by U.S. regulations. There were 35,252 tank cars hauling ethanol in September, and 84 percent, or 29,597, were DOT 111 s, according to the...

  • Train slams through FedEx truck in dashcam video

    Authorities in Utah have released dashcam video showing the exact moment a train slammed into a FedEx truck.

  • The Norfolk, Virginia- based company said it planned $100 million in cost cuts in 2017 as part of its plan announced last year to deliver $650 million in annual savings by 2020.. Coal freight revenue fell 7 percent to $403 million from $433 million, compared with double-digit declines over the past two years. Overall, the railroad said it should benefit from...

  • Canada's largest railroad company said net income rose 8 percent to C $1.02 billion, or C $1.32 per share, in the fourth quarter ended Dec. 31 from C $941 million, C $1.18 per share, a year earlier. Quarterly revenue rose to C $3.22 billion from C $3.17 billion. "While the environment remains somewhat mixed, we do expect to see moderate volume growth," Chief Executive Luc...

  • BEIJING, Jan 20- China's rail freight volume in December rose 9.8 percent from the same period last year to 315.79 million tonnes, the National Bureau of Statistics said on Friday. China's November rail freight volume rose 13.9 percent from a year earlier. Rail freight volume grew in August for the first time after falling for 31 consecutive months since...

  • DETROIT, Jan 19- The top executive at Union Pacific Corp said on Thursday that the No. 1 U.S. railroad remains opposed to mergers between major railroads in the United States. Union Pacific CEO Lance Fritz told Reuters that "we still think Class 1 mergers in the United States are not a good idea." CSX shares rose nearly 19 percent on Thursday on the news of talks between...

  • Railroad stocks up on CEO speculation

    CNBC's Morgan Brennan reports shares of CSX are soaring after reports that it could be the target of an activist investor.

  • CP CEO steps down

    Canadian Pacific's CEO is leaving earlier than expected and can now pursue positions at other railroads, reports CNBC's Morgan Brennan.

  • Jan 18- Canadian Pacific Railway Ltd, Canada's No. 2 railroad operator, said on Wednesday its chief executive would leave five months earlier than originally expected and it reported a lower-than-expected adjusted quarterly profit. Hunter Harrison will officially step down on Jan. 31 and be replaced by Chief Operating Officer Keith Creel.

  • Jan 18- Canadian Pacific Railway Ltd, Canada's No. 2 railroad operator, reported a lower-than-expected adjusted quarterly profit on Wednesday and said its chief executive would leave five months earlier than originally expected. Hunter Harrison will officially step down Jan. 31 and will take vacation leave with immediate effect. He will be replaced by Chief...