PORTLAND, Maine— A Canadian railroad is withdrawing its objection to a $338 million fund for victims of an oil train derailment that killed 47 people in a small town in Quebec, removing the final obstacle to the settlement's final approval. The judge gave lawyers for victims and the province of Quebec until Tuesday to confirm their support of the changes, but that...» Read More
Why you should keep an eye on rail volumes in the second half of the year, with CNBC's Morgan Brennan.
CNBC's Morgan Brennan has the update on transport stocks and shippers. Expect weakness in rails to continue but not for companies that cart consumer goods, reports Brennan.
Google teams up with the government to add railroad crossing data to its map system.
CNBC's Morgan Brennan takes a look at why investors are hitting the brakes on the railroad sector after cruising for many years.
WASHINGTON, June 24- U.S. commuter and freight railroads may be forced to suspend service or face daily fines beginning Jan. 1, unless Congress extends its year-end deadline for implementing new safety technology, lawmakers were told on Wednesday. The National Transportation Safety Board estimated that more than 245 people have died and 4,260 have been...
Transports are lagging on Wall Street. CNBC's Morgan Brennan reports the latest.
The government's railroad watchdog is urging railroads to use more caution after the fatal Amtrak crash last month.
Leos Novotny, Leo Express CEO, plans on replicating the same model of euro-styled trains to the U.S.
Craig Hodges, The Hodges Fund, shares his play on the airlines, rails and construction.
Digging into the woes setting up for the transport companies, with Donald Broughton, Avondale Partners, and Brandon Oglenski, Barclays.
One day after an Amtrak train derailed on May 12 near Philadelphia, killing eight passengers, the Republican-controlled House Appropriations Committee approved a $1.14 billion Amtrak budget, a $252 million cut from fiscal 2015.. "Philadelphia was preventable and it was predictable," Senator Richard Blumenthal of Connecticut said at a news conference.
For the size of the U.S. economy, it lags far behind many of the world's most developed countries in spending on rail networks. The New York Times reports.
BRASILIA, May 19- Chinese Premier Li Keqiang will push trade, finance and investment deals worth tens of billion of dollars on Tuesday to help Brazil upgrade its dilapidated infrastructure and boost a slumping economy. On his first official trip to Latin America, Li will meet President Dilma Rousseff and attend the signing of a raft of agreements ranging from a...
Discussing investment in America's rail infrastructure, with Ed Hamberger, Association of American Railroads.
1.5 million people commute into New York City daily, so what would happen if one of the two tunnels into Manhattan were to close, with Tom Wright, Regional Plan Association President.
Two trains slipped off their routes Thursday, two days after a deadly Amtrak accident placed scrutiny on U.S. infrastructure.
The derailed cars are empty, according to a local NBC affiliate.
Investigators said an Amtrak train was traveling at more than double the posted speed limit just before a fatal crash.
Chris Pollone, NBC News, reports the latest details on the Amtrak crash that left seven people dead and hundreds injured.
The Republican-controlled House of Representatives Appropriations Committee rejected a Democratic bid to provide Amtrak the full $2.45 billion in funds for the upcoming fiscal year requested in President Barack Obama's budget. The cause of Tuesday's crash has only begun to be investigated, but federal investigators said preliminary data showed the...