Road and Rail Railroads

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  • 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...

  • CP's net income slipped 29 percent to C $319 million, or C $2.08 per share, in the three months ended Dec. 31. Calgary-based CP, Canada's No. 2 railroad, unveiled a $28 billion offer for Norfolk Southern in mid-November. CP's adjusted profit of C $2.72 per share fell short of the average analyst estimate of C $2.77, according to Thomson Reuters I/B/E/S.

  • Canada's No. 2 railroad said its net income slipped to C $319 million, or C $2.08 per share, in the three months ended Dec.31, from C $451 million, or C $2.63 per share, a year earlier. Revenue slipped 4 percent to C $1.68 billion. CP says a merger would enhance competition and create new markets and options for customers across North America.

  • FREIGHT VOLUME FALLS FOR FIRST TIME IN ALMOST. LONDON, Jan 15- Freight volumes in the United States have fallen year on year for the first time since 2012 and before that the recession of 2009, according to the Bureau of Transportation Statistics. The total volume of freight moved by road, rail, pipeline, inland waterways and as air cargo in November 2015 was 1.1...

  • CHICAGO, Jan 13- No. 3 U.S. railroad CSX Corp does not see any compelling benefits stemming from mergers of major railroads in North America and fears regulatory burdens could be attached to the approval of deals that would add to the cost of doing business, the railroad's top executive said on Wednesday. "The benefits seem somewhat unconvincing, I really think the...

  • CHICAGO, Jan 13- No. 3 U.S. railroad CSX Corp does not see any compelling benefits stemming from mergers of major railroads in North America and fears regulatory burdens could be attached to the approval of deals that would add to the cost of doing business, the railroad's top executive said on Wednesday. "The benefits seem somewhat unconvincing, I really think the...

  • CHICAGO, Jan 12- No. 3 U.S. railroad CSX Corp on Tuesday reported a lower quarterly net profit, citing a drop in freight volumes, and said the weak global economy and U.S. industrial markets would weigh on results in the coming year. "With negative global and industrial market trends projected for 2016, full-year earnings per share are expected to be down compared to...