Road and Rail Railroads

  • The country is developing its next generation of trains with wheels that can adjust to fit different tracks around the world.

  • The railroad Tuesday will send two loaded 40- foot LNG containers from Anchorage to Fairbanks as part of a demonstration. It will also depend on whether Fairbanks Natural Gas LLC, a company providing Cook Inlet natural gas to about 1,000 customers in Fairbanks, will want to use the railroad as a shipper. Expansion of natural gas use is a longtime hope of Fairbanks...

  • Sept 8- Samsung Electronics Co Ltd on Thursday asked a U.S. judge to allow the South Korean company to pay cargo handlers to remove its goods from Hanjin Shipping Co Ltd's vessels stationed near U.S. ports after the world's seventh-largest container carrier filed for bankruptcy. "There's no earthly reason why these parties should not be permitted to cut their...

  • Truck on road

    If the transportation industry is any indicator — and it usually is — then the economy could be on the brink of a downturn.

  • BEIJING, Aug 29- China's rail freight volume fell 7.3 percent in the first seven months of 2016 from the same period last year to 1.84 billion tonnes, the country's top economic planner said on Monday. The rate of decline eased from 7.5 percent in the first half of this year. In July, the amount of cargo carried by railways declined 5.8 percent on year to 263 million...

  • 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...

  • 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.