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Road and Rail Railroads

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  • Amtrak crash black box recovered Wednesday, 13 May 2015 | 11:13 AM ET
    Amtrak crash black box recovered

    Philadelphia Mayor Michael Nutter briefed the public on the Amtrak train derailment which occurred Tuesday night. CNBC's Eamon Javers reports the black box has been recovered.

  • Philadelphia mayor: Six dead in Amtrak derailment Wednesday, 13 May 2015 | 10:16 AM ET
    Philadelphia Mayor: Can only confirm 6 deceased

    Philadelphia Mayor Michael Nutter briefs the public on the Amtrak train derailment that occurred Tuesday night.

  • Enough spending on rail? Wednesday, 13 May 2015 | 10:03 AM ET
    Enough spending on rail?

    Former NTSB Vice Chairman Robert Francis, provides insight to railroad infrastructure.

  • Amtrak investigating crash Wednesday, 13 May 2015 | 9:11 AM ET
    Amtrak investigating crash

    Chris Pollone, NBC News reports the latest details on the investigation into what happened when an Amtrak train derailed last night, killing six people and injuring dozens of people.

  • Investigation begins in deadly Amtrak crash Wednesday, 13 May 2015 | 8:01 AM ET
    Investigation begins in deadly Amtrak crash

    Rehema Ellis, NBC News reports the latest details on the train derailment in Philadelphia, that left six dead, and dozens injured.

  • Challenges ahead in Amtrak investigation Wednesday, 13 May 2015 | 7:48 AM ET
    Challenges ahead in Amtrak investigation

    Former NTSB Chairman Deborah Hersman, provides insight to the investigation process into the deadly Amtrak crash.

  • Six killed in Amtrak crash Wednesday, 13 May 2015 | 7:15 AM ET
    Six killed in Amtrak crash

    Chris Pollone, NBC News, reports the latest details on the deadly train derailment outside of Philadelphia last night.

  • Amtrak train derails in Philadelphia Wednesday, 13 May 2015 | 7:00 AM ET
    Amtrak train derails in Philadelphia

    An Amtrak train killed several when it derailed on Tuesday, but authorities have yet to officially determine a cause. CNBC's Kate Rogers reports.

  • Philadelphia Amtrak crash kills 5, injures dozens Wednesday, 13 May 2015 | 6:15 AM ET
    Philadelphia Amtrak crash kills 5, injures dozens

    An Amtrak train headed to New York City derailed north of Philadelphia, killing at least five people and injuring more than 50 others, reports Adam Reiss, NBC News.

  • Passengers speak out after deadly Amtrak crash Wednesday, 13 May 2015 | 6:00 AM ET
    Passengers speak out after deadly Amtrak crash

    Several passengers from the deadly train derailment talk about the harrowing experience.

  • NEW YORK, May 6- A train carrying crude oil derailed and caught fire in Wells County, North Dakota on Wednesday, officials said, just days after the U.S. government announced sweeping reforms to improve safety of the volatile shipments. Heimdal is a tiny town in central North Dakota located along one of the main rail lines heading east out of the giant Bakken oil...

  • CALGARY, Alberta, May 5- A growing share of Canadian oil-by-rail traffic is made up of tough-to-ignite undiluted heavy crude and raw bitumen, say industry executives, as companies scramble to cut expenditures with the price of crude down more than 40 percent since June. "The business is moving back to where it started, which is as a vehicle to move undiluted heavy...

  • Working for Buffett is like 'marriage': BNSF chief Saturday, 2 May 2015 | 11:04 AM ET
    Matthew 'Matt' Rose, chairman and chief executive officer of Burlington Northern Santa Fe LLC (BNSF).

    BNSF is currently the largest entity in Berkshire Hathaway's portfolio. Is there a lot of pressure when you report to Warren Buffett?

  • NEW YORK, May 1- New U.S. and Canadian speed limits for oil trains will do little to temper the likelihood and severity of explosive accidents that have grown in frequency over the past two years, critics of new regulations said on Friday. Walking a line between increasing safety and keeping oil shipments moving at a clip on North American rails, regulators...

  • Canada has promised to "harmonize" its regulations with the United States. The decision has angered the North American rail industry, but Transportation Secretary Anthony Foxx said his department believes it will stand up to any legal challenge. The Association of American Railroads, which has lawyers studying the rule, slammed the government for basing its...

  • California port truckers end strike after four days Friday, 1 May 2015 | 5:36 PM ET

    LOS ANGELES, May 1- Southern California port truckers seeking recognition as employees rather than contractors ended a strike of freight-hauling companies on Friday after four days of picketing that drew attention to their cause but did little to disrupt cargo shipments. Several hundred drivers, backed by the Teamsters union, struck four trucking firms...

  • US, Canada set tough rail tanker safety rules Friday, 1 May 2015 | 2:17 PM ET
    Firefighters battle blazes after a freight train loaded with oil derailed in Lac-Megantic, Quebec, on July 6, 2013.

    After a series of fiery crashes, U.S. and Canadian regulators set tough new design standards on the rail cars used to ship flammable liquids.

  • New rules for rails Friday, 1 May 2015 | 1:25 PM ET
    New rules for rails

    The federal government made a tough ruling on rail cars hauling crude and other flammable substances, reports CNBC's Morgan Brennan.

  • WASHINGTON/ NEW YORK, May 1- The United States and Canada on Friday announced long-awaited safety rules for trains carrying oil, as regulators seek to reduce risks after a series of explosive accidents that accompanied a surge in crude-by-rail shipments. Under the rules, announced by Canada's Minister of Transport, Lisa Raitt and U.S. Tank cars built after...

  • May 1- New safety rules governing oil-by-rail shipments in the United States will cost an estimated $2.5 billion to implement over the next two decades, according to a final proposal from the Department of Transportation on Friday. 49 CFR§ Speed Restriction: 40 $56 mln- $242 mln** $180 mln 174.310 mph speed limit in. 49 CFR Existing Tank Car $426 mln- $1.706 bln** $1.747...