Road and Rail Railroads

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  • CSX CEO: Tough environment but signs of life

    Michael Ward, CSX Corporation CEO, joins Closing Bell to discuss CSX earnings and business strategy.

  • An engineer with CSX passes through the Norfolk Southern Bellevue Terminal in Bellevue, Ohio.

    Canadian Pacific Railway said it had scrapped efforts to buy Norfolk Southern, almost six months after it launched its unsolicited $28 billion bid.

  • CHICAGO, April 7- The U.S. military on Thursday raised concerns with a federal rail regulator over the voting trust Canadian Pacific has proposed as part of its takeover bid for Norfolk Southern and said the deal could adversely affect the country's national defense. In a letter to the U.S. Surface Transportation Board dated April 7, the Department of Defense...

  • Freight trains originating in China have arrived in cities as far afield as Madrid and Tehran as China seeks to demonstrate the viability of a trans-continental service. China Railway, the state-owned railroad operator, now runs a regular weekly container train between Wuhan and Hamburg in Germany with other cities in both countries also developing...

  • LONDON, April 1- Cheap natural gas has slashed coal traffic across the U.S. rail network and in turn hit demand for diesel, demonstrating the interlocking relationship between the country's energy and transport systems. U.S. rail freight declined more than 6 percent in the first 12 weeks of 2016 compared with a year earlier, according to the Association of...

  • Amtrak train derails in Kansas

    Several cars on a train derailed west of Dodge City early Monday.

  • LONDON, March 10- Global distillate markets remain heavily oversupplied but the glut will not clear unless the world economy avoids recession and there is a renewed acceleration in freight demand. Freight movements picked up in January despite the exceptionally severe weather across much of the country that month, according to data from the U.S. Bureau of...

  • Opportunities among railroad stocks

    Sanford Bernstein's David Vernon talks about what's driving railroad stocks and coal concerns.

  • NEW YORK, Feb 27- The following are excerpts from Warren Buffett's annual letter to Berkshire Hathaway Inc shareholders, which was released early Saturday:. To attain that result, we invested about $5.8 billion during the year in capital expenditures, a sum far and away the record for any American railroad and nearly three times our annual depreciation charge.

  • SAN FRANCISCO, Feb 18- California's ambitious plan for high-speed rail service will become reality within a decade with service between the state's agricultural Central Valley and high-tech Silicon Valley, state officials announced on Thursday. In an updated draft plan for the rail line that will whisk passengers from Los Angeles to San Francisco in under...

  • Slumping oil hurting rails

    As oil prices move lower, volumes for sending crude by railroad have collapsed. CNBC's Morgan Brennan reports on the dynamics for oil and agriculture shipping by rails.

  • 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...

  • LONDON, Feb 3- The United States was one of the biggest sources of oil demand growth in 2015 but the outlook for 2016 is much more muted, according to official forecasters. The volume of traffic on U.S. roads has also hit a new record and is growing at the fastest rate for almost two decades, according to the Federal Highway Administration. But the volume of freight...

  • BEIJING, Jan 26- China's rail freight volume dropped 11.9 percent in 2015 from a year earlier to 3.36 billion tonnes, the nation's top economic planner said on Tuesday, compared with a decline of 3.9 percent in 2014.. For the fourth quarter, the amount of cargo moved by railways declined 13.4 percent year on year, the National Development and Reform Commission said...

  • TORONTO, Jan 24- The oil price rout and related Canadian dollar slide that is ravaging the country's economy is starting to take its toll on corporate profits, from rail and retail to seemingly unrelated sectors like telecoms. "It's a huge negative impact on earnings," said John Stephenson, head of Stephenson& Co Capital Management, who predicts the fallout will be...

  • Shipping winners & losers

    Donald Broughton, Avondale Partners, shares his favorite stocks in the transport industry.

  • What shipping trends say about the economy

    Discussing freight growth, driver shortage, winter weather and the health of the transport stocks, with Bob Costello, American Trucking Association.

  • CHICAGO, Jan 21- Facing a freight recession caused by slumping commodity prices and industrial output, No. 1 U.S. railroad Union Pacific Corp said Thursday hopes of strong economic growth have so far been undermined by a key missing ingredient- the American consumer. "What's causing us some concern is it's hard to figure out where the consumer is at," Chief Executive...

  • CHICAGO, Jan 21- Union Pacific Corp reported a lower quarterly profit on Thursday as slumping commodities prices and ailing industrial production hurt freight volumes, and the No. 1 U.S. railroad warned 2016 does not look much better for its business. The news sent the Omaha, Nebraska- based company's shares down more than 7 percent to $68.20 in early trading.

  • CHICAGO, Jan 21- Union Pacific Corp reported a lower quarterly profit on Thursday as a slump in commodities prices and ailing industrial production hurt freight volumes, and the No. 1 U.S. railroad warned that 2016 does not look much better for its business. "Overall economic conditions, uncertainty in the energy markets, commodity prices, and the strength of the...