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Road and Rail Railroads

  • Canada's largest railroad company said net income rose 8 percent to C $1.02 billion, or C $1.32 per share, in the fourth quarter ended Dec. 31 from C $941 million, C $1.18 per share, a year earlier. Quarterly revenue rose to C $3.22 billion from C $3.17 billion. "While the environment remains somewhat mixed, we do expect to see moderate volume growth," Chief Executive Luc...

  • BEIJING, Jan 20- China's rail freight volume in December rose 9.8 percent from the same period last year to 315.79 million tonnes, the National Bureau of Statistics said on Friday. China's November rail freight volume rose 13.9 percent from a year earlier. Rail freight volume grew in August for the first time after falling for 31 consecutive months since...

  • DETROIT, Jan 19- The top executive at Union Pacific Corp said on Thursday that the No. 1 U.S. railroad remains opposed to mergers between major railroads in the United States. Union Pacific CEO Lance Fritz told Reuters that "we still think Class 1 mergers in the United States are not a good idea." CSX shares rose nearly 19 percent on Thursday on the news of talks between...

  • Railroad stocks up on CEO speculation

    CNBC's Morgan Brennan reports shares of CSX are soaring after reports that it could be the target of an activist investor.

  • CP CEO steps down

    Canadian Pacific's CEO is leaving earlier than expected and can now pursue positions at other railroads, reports CNBC's Morgan Brennan.

  • Jan 18- Canadian Pacific Railway Ltd, Canada's No. 2 railroad operator, said on Wednesday its chief executive would leave five months earlier than originally expected and it reported a lower-than-expected adjusted quarterly profit. Hunter Harrison will officially step down on Jan. 31 and be replaced by Chief Operating Officer Keith Creel.

  • Jan 18- Canadian Pacific Railway Ltd, Canada's No. 2 railroad operator, reported a lower-than-expected adjusted quarterly profit on Wednesday and said its chief executive would leave five months earlier than originally expected. Hunter Harrison will officially step down Jan. 31 and will take vacation leave with immediate effect. He will be replaced by Chief...

  • CSX EPS misses, revenues beat

    Earnings are out for CSX. CNBC's Morgan Brennan reports the details.

  • MEXICO CITY, Jan 17- Mexico's state oil company Pemex began receiving imported fuel by train at a new privately run terminal for the first time in January as companies expand storage and transportation operations under the country's energy opening, a senior executive said in an interview. The cargo of just under 60,000 barrels arrived from Port Arthur, Texas, on...

  • Railroads have lost pricing power: Pro

    Discussing upcoming earnings in the transport sector like CSX with Donald Broughton, Avondale Partners managing director and senior research analyst.

  • MEXICO CITY, Jan 17- Mexico's state oil company Pemex began receiving imported fuel by train at a new privately run terminal for the first time in January as companies expand storage and transportation operations under the country's energy opening, a senior executive said in an interview. The cargo of just under 60,000 barrels arrived from Port Arthur, Texas, on...

  • This is the latest step in the China’s Belt and Road initiative.

  • Rails on a roll

    David Vernon, Bernstein, shares his outlook on railroads and weighs in on what's driving transports into the new year.

  • 2017 Playbook: Rails full steam ahead

    CNBC's Morgan Brennan takes a look at where railroad stocks are likely headed next year.

  • SALGUEIRO, Brazil, Dec 15- The rusting tracks of Brazil's Transnordestina railway peter out and give way to a dirt trail in a remote corner of the country's arid northeast, far from the ports or farms it was meant to serve. No trains run on these tracks and the cleared path for one of Brazil's most ambitious infrastructure projects is used only by local cars, and the...

  • Charles 'Wick'' Moorman

    Amtrak CEO Wick Moorman says he hopes Donald Trump's infrastructure policies will give the president-elect's home city a boost.

  • Amtrak CEO: Industry committed to positive train control

    CNBC's Morgan Brennan speaks with Amtrak president and CEO Wick Moorman about President-elect Trump's infrastructure plans and the state of the rail industry in America.

  • BEIJING, Nov 17- China's October rail freight volume rose 11.2 percent from a year earlier, the biggest increase in three years, as a construction boom and government infrastructure spending spurred demand for raw materials from steel to cement. Rail freight volume increased to 307.2 million tonnes last month, the National Bureau of Statistics said on...

  • BEIJING, Nov 17- China's rail freight volume in October rose 11.2 percent from the same period last year to 307.2 million tonnes, the National Bureau of Statistics said on Thursday.

  • Getting rails back on track

    CNBC's Morgan Brennan takes a look at how Trump's presidency and the potential of major infrastructure spending could give the rail sector a much-needed boost.