NEW YORK, Feb 4- New York City Mayor Bill de Blasio will back in his annual keynote address on Wednesday a $2.5 billion plan to create a light rail service linking the growing outer boroughs of the city that are poorly served by existing public transport networks. The 16- mile track would run from Astoria in Queens, tracing a line along the East River and New York's...» Read More
Jim Cramer, host of “Mad Money,” explains why stocks didn’t fall as far as they could have.
Jim Cramer explains this important concept involving the process of investing.
Long a punch line for harried Northeast travelers, Amtrak has come to dominate commercial travel in the corridor connecting Washington, New York and Boston, and this summer its trains are packed, the New York Times reports.
Check out his interview with CEO Michael Ward.
The economy continues to grow slowly, and that should continue through the rest of the year, Jack Koraleski, Union Pacific CEO, tells CNBC’s “Squawk on the Street.”
Jack Koraleski, Union Pacific CEO, discusses his company's record second quarter, as the stock trades at all-time highs.
The U.S. economy should grow in the third quarter, but at a more modest level, railroad CSX CEO Michael Ward, told CNBC’s “Squawk Box.”
U.S. demand for coal is at a 24-year low, and inventories are continuing to build as the global economy slows. Wilbur Ross, WL Ross & Company chairman/CEO, discusses whether investors should expect more trouble ahead for the commodity.
"We absolutely have to look at other ways" to pay for infrastructure, one former state official said. "There's only so much bonding you can do."
Union Pacific should post positive volumes by year’s end despite the huge downturn in coal shipments, CEO Jack Koraleski tells CNBC's "Closing Bell."
Jack Koraleski, Union Pacific president & CEO, explains why he projects another record year for his company. "Business is good, there is a lot of noise in the economy about sliding back, but we're not seeing that," he says.
The proliferation of fracking and the likelihood of a long-running, shale-gas boom are destined to make winners and losers out of a lot of industries beyond the energy sector.
The Canadian Pacific proxy fight is heating up as the clock ticks closer to May 17th. Hunter Harrison, former Canadian National president & CEO; Stephen Tobias, former Norfolk Southern vice chairman; and Bill Ackman, Pershing Square Capital founder & CEO, discuss.
CSX chief Michael Ward told CNBC's Squawk Box Wednesday that having "a very diversified portfolio of shipments" overcame a 14 percent decline in coal shipments in the first quarter.
Michael Ward, CSX Corporation chairman & president, discusses his company's better-than-expected first quarter results, and the outlook for the rails and the economy, with Carly Fiorina, former Hewlett-Packard chairman & CEO.
Plans for a nationwide, state-of-the-art railroad safety system, inspired by a fatal crash in 2008, are meeting with resistance, due to a fierce debate over its effectiveness and business benefits.
The digital revolution has gone far beyond the Internet, smart phone and GPS device in your vehicle. And though these devices have made life and work faster and easier, that may not be all for the good.
The “Mad Money” host thinks it could be the "perfect stock" to own for 2012.
When it comes to railroads, says Mad Money's Cramer, there's no question Union Pacific is a much better company than Norfolk Southern. UNP has a stronger business; more re-pricing catalysts; and trades at a smaller premium than NSC, and that make it a better buy.
The U.S. economy has a ways to go, but Cramer thinks it will be the first world economy to bounce back.