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Road and Rail Railroads

  • 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...

  • 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. These were the first quarterly results for the Jacksonville, Florida- based railroad since the appointment...

  • The Jacksonville, Florida- based railroad posted first-quarter net profit of $362 million or 39 cents a share, up from $356 million or 37 cents per share a year earlier.

  • Big beat all around for CSX

    First-quarter earnings are out for CSX Corp. CNBC's Brian Sullivan reports the details.

  • Next stop for rail stocks

    Donald Broughton, Broughton Capital takes a look at the railroad sector to see if stocks are back on track.

  • A worker paints a refrigerated railcar at the Greenbrier Cos.' Gunderson railcar plant in Portland, Oregon.

    Shares of Greenbrier Companies rose Wednesday after the company reported earnings that beat expectations.

  • March 27- The owner of Ferrocarril Mexicano, Mexico's largest railroad operator, is nearing a deal to acquire Florida East Coast Railway for more than $2 billion, including debt, people familiar with the matter said on Monday. The acquisition would come at a sensitive time for relations between the United States and Mexico, following a pledge by U.S.

  • March 27- The owner of Ferrocarril Mexicano, Mexico's largest railroad operator, is nearing a deal to acquire Florida East Coast Railway for more than $2 billion, including debt, people familiar with the matter said on Monday. Grupo Mexico has prevailed in an auction for Florida East Coast Railway and is now negotiating final terms with the U.S. regional...

  • Amtrak train derails at Penn Station

    Service has been suspended in and out of Penn Station in New York City after an Amtrak train derailed, report CNBC's Carl Quintanilla.

  • BEIJING, March 21- China's rail freight volume in February rose 19.4 percent from the same period last year to 281.21 million tonnes, the National Bureau of Statistics said on Tuesday. The amount of cargo carried by railways went up 14.5 percent year-on-year to 591.78 million tonnes in the first two months of 2017, the data showed. China's rail freight volume in...

  • NEW YORK, March 15- While crossing a small wooden bridge in northwestern Iowa last Thursday, 20 rail tank cars in a mile-long train transporting ethanol flew off the tracks, sending fireballs into the sky, while thousands of gallons of the biofuel leaked into the creek below. But the incident in Iowa underscores the growing risk of another serious accident along...

  • DETROIT/ NEW YORK/ MONTREAL, March 9- Shortly after being named CEO of Canadian Pacific in 2012, Hunter Harrison hoisted himself onto a roof near a Montreal rail yard, pulled up a beach chair and timed the company's switch engines using a stopwatch and binoculars. Harrison's appointment came amid shareholder pressure that was led by activist investor Paul Hilal...

  • DETROIT/ NEW YORK/ MONTREAL, March 9- Shortly after being named CEO of Canadian Pacific in 2012, Hunter Harrison hoisted himself onto a roof near a Montreal rail yard, pulled up a beach chair and timed the company's switch engines using a stopwatch and binoculars. The septuagenarian railroad legend's obsessive attention to detail- his Florida home was equipped...

  • NEW DELHI, March 1- Surprised again by India's strong official growth statistics, economists are relying increasingly on high-frequency indicators like bank credit and rail freight to gauge the real health of Asia's third-largest economy. For India's cash-reliant economy, Prime Minister Narendra Modi's decision in November to outlaw old 500 and 1,000...

  • NEW DELHI, March 1- Surprised again by India's strong official growth statistics, economists are relying increasingly on high-frequency indicators like bank credit and rail freight to gauge the real health of Asia's third-largest economy. For India's cash-reliant economy, Prime Minister Narendra Modi's decision in November to outlaw old 500 and 1,000...