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Road and Rail Railroads

  • TORONTO, May 18- The Canada Pension Plan Investment Board, one of the world's biggest infrastructure investors, is regularly losing out in bidding wars for such assets, its chief executive said, as investors seek alternatives to low-yielding government bonds. The CPPIB is one of the world's biggest investors in infrastructure such as roads, bridges and tunnels,...

  • China could cost the country tens of thousands of jobs in rail

    China could cost the U.S. 65,000 jobs, according to a new study out Monday.

  • Freight train with cargo containers winds its way through mountain landscape, California.

    Oxford Economics found if Chinese state-owned enterprises took more of U.S. freight rail car production, U.S. jobs could take a big hit.

  • Buffett: Natural gas prices help railroads

    Warren Buffett, Berkshire Hathaway chairman and CEO, provides insight into the railroad business, what it indicates about the economy, and the trucking industry.

  • We need stability and ifnancining to develop in US cities

    Alstom CEO Henri Poupart-Lafarge discusses earnings and a potential spending boost for infrastructure in the U.S.

  • "The stabilization that we're seeing in the market is much more driven by the price of natural gas as a competitive fuel," Chief Executive Lance Fritz told Reuters after the Omaha, Nebraska- based railroad reported a better-than-expected first-quarter profit that was boosted by a 25 percent increase in coal revenue. He said he was also optimistic that the North...

  • DETROIT, April 27- Union Pacific Corp on Thursday reported better-than-expected quarterly profit, lifted in particular by a 25 percent jump in coal freight volume, and said it expects its freight business to grow in the low single digits in 2017.. Union Pacific said it expects to improve its operating ratio, a key metric for Wall Street that measures expenses as a...

  • The Omaha, Nebraska- based company said on Thursday freight revenue from coal surged 25 percent in the first quarter ended March 31. Union Pacific's net income rose to $1.07 billion, or $1.32 per share, in the first quarter, from $979 million, or $1.16 per share, a year earlier. Analysts on average had expected first-quarter profit of $1.23 per share, and revenue of...

  • April 27- Union Pacific Corp, No. 1 U.S. railroad, reported a 9.5 percent rise in quarterly profit, led by higher freight revenue from coal. The company's net income rose to $1.07 billion, or $1.32 per share, in the first quarter ended March 31, from $979 million, or $1.16 per share, a year earlier. Total operating revenue rose 6.3 percent to $5.13 billion.

  • MONTREAL April 24- Canadian National Railway Co on Monday reported an 8 percent increase in quarterly revenue as the railroad moved record volumes, boosted by grain, frac sand and coal. Canada's largest railroad also approved a quarterly dividend and said total carloads rose 9 percent in the first quarter ended March 31, although rail freight revenue per...

  • "The long-term outlook continues to be extremely positive, chief executive Patrick Ottensmeyer said in a call with analysts." Nevertheless, shares slipped on Friday on worries about the company's operations in Mexico. The railroad has an extensive network in Mexico.

  • April 21- Regional U.S. railroad Kansas City Southern reported a 36 percent jump in quarterly net profit on Friday, driven by an increase in overall carload volumes. The company's net income available to common stockholders rose to $146.5 million, or $1.38 per share, in the first quarter ended March 31, from $107.7 million, or 99 cents per share, a year earlier.

  • World's fastest railway heading stateside?

    CNBC's Morgan Brennan takes a closer look at plans to build the world's fastest train. Wayne Rogers, The Northeast Maglev chairman & CEO, weighs in.

  • NEW YORK, April 20- Shares of railroad operator CSX Corp jumped more than 6 percent on Thursday after the company reported better-than-expected quarterly earnings and its CEO said it aims at lower costs, including job reductions, and improved margins. Chief Executive Hunter Harrison said in a call with analysts that the No. 3 U.S. railroad also plans to bring...

  • Amtrak has support on both sides of the aisle: CEO

    Wick Moorman, Amtrak CEO, discusses support in Congress to improve the company's train network, as resources and service could diminished under President Trump's proposed budget.

  • Japan wants to build high speed rail in US

    CNBC's Morgan Brennan reports on the world's fastest train, which tops 370 miles per hour.

  • MONTREAL, April 19- Canadian Pacific Railway Ltd reported a higher-than-expected quarterly profit as it earned more from shipments of commodities such as grain and coal, and the company expressed optimism that demand was improving. The results are the first under Chief Executive Keith Creel, who officially took the reins in the middle of the quarter from...

  • MONTREAL, April 19- Canadian Pacific Railway Ltd reported a higher-than-expected quarterly profit as it earned more from shipments of commodities such as grain and coal, and the company expressed optimism that demand was improving. The results are the first under Chief Executive Officer Keith Creel, who officially took the reins in the middle of the quarter...

  • CSX rallies on Q1 beat

    CNBC's Seema Mody reports on the after-hours action for CSX. The "Fast Money" traders weigh in.

  • CHICAGO, April 19- No. 3 U.S. railroad CSX Corp on Wednesday reported a better-than-expected quarterly net profit driven by rising freight volumes across most of the markets it covers and said it plans to cut costs and boost profitability moving forward. After almost two years in which the Jacksonville, Florida- based railroad experienced precipitous declines...