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Road and Rail Railroads

  • CHICAGO, Oct 26- Norfolk Southern Corp, the No. 4 U.S. railroad, on Wednesday reported a better-than-expected quarterly profit that rose on an ongoing productivity and cost-cutting drive that offset a revenue drop of more than 7 percent. Norfolk Southern reported net income of $460 million, or $1.55 per share, up 1.7 percent from $452 million, or $1.49 per share a...

  • Canada's largest railroad said carloads fell 4.4 percent in the third quarter ended Sept. 30, and it expected total carloads for 2016 would decrease in the mid single-digit range. U.S. grain revenue was up 20 percent during the quarter, while Canadian grain revenue was down 5 percent, partly because of a later than expected harvest of this year's crop, said CN's...

  • Oct 25- Canadian National Railway Co reported a 6.5 percent fall in quarterly revenue on Tuesday as it moved lower volumes of crude oil, coal and fracking sand. Revenue fell 6.5 percent to C $3.01 billion. The company's net income fell to C $972 million, or C $1.25 per share, from C $1.01 billion, or C $1.26 per share, a year earlier.

  • BEIJING, Oct 25- China's rail freight volume rose 7 percent in September from the same period last year to 285.6 million tonnes, the National Bureau of Statistics said on Tuesday.

  • The Seven Stars in Kyushu luxury train, operated by Kyushu Railway Co., stops at Hakata Station in Fukuoka, Fukuoka Prefecture, Japan, on Tuesday, Oct. 11, 2016.

    Japan's largest IPO this year, Kyushu Railway, turned out to be just the ticket for yield-starved investors, taking the fast track higher on Tuesday.

  • DETROIT, Oct 20- The top executive of railroad Union Pacific Corp said on Thursday that despite negative election campaign rhetoric about free trade agreements, they have benefited the U.S. economy and he is optimistic Congress will pass the Trans Pacific Partnership. Trump also has railed against the North American Free Trade Agreement with Canada and...

  • DETROIT, Oct 20- Union Pacific Corp reported a lower-than-expected quarterly profit as freight volumes declined and it forecast a further drop in the current period due partly to the strong U.S. dollar and soft demand for consumer goods. "The macroeconomic environment still has its challenges- an unstable global economy, the relatively strong U.S. dollar, and...

  • DETROIT, Oct 20- Union Pacific Corp reported a lower-than-expected quarterly profit as freight volumes declined and forecast a drop in the current period due partly to the strong U.S. dollar and soft demand for consumer goods. "The macroeconomic environment still has its challenges- an unstable global economy, the relatively strong U.S. dollar, and continued...

  • DETROIT, Oct 20- Union Pacific Corp reported a lower-than-expected quarterly profit as freight volumes declined, and it forecast a volume drop in the current period as a strong U.S. dollar and soft demand for consumer goods weighs on its results. The No. 1 U.S. railroad's earnings miss on Thursday came despite posting slightly higher-than-expected revenue.

  • DETROIT, Oct 20- No. 1 U.S. railroad Union Pacific Corp on Thursday reported a lower quarterly net profit that missed expectations as freight volumes fell 6 percent and warned of continued business challenges, including a strong U.S. dollar and soft demand for consumer goods. The Omaha, Nebraska company's earnings miss came despite posting slightly...

  • CHICAGO, Oct 13- U.S. coal freight volumes, in decline for close to two years, will fall further, though the slowing pace of drop should ease the shock to U.S. railroads, the top executive of No. 3 U.S. railroad CSX Corp said on Thursday. "If we had to make our best guess today, there will be another decline in coal but it will be much less on a percentage basis and obviously much...

  • CHICAGO, Oct 12- No. 3 U.S. railroad CSX Corp on Wednesday reported a lower quarterly net profit that was hurt by an 8 percent drop in revenue and freight volumes, but came in above market expectations and sent its stock up nearly 3 percent. "Our financial results demonstrate CSX's ability to deliver value for shareholders and customers in the current business...

  • CHICAGO, Oct 12- No. 3 U.S. railroad CSX Corp on Wednesday reported a lower quarterly net profit that was hurt by an 8 percent drop in revenue and freight volumes, but came in above market expectations and sent its stock up nearly 3 percent. The Jacksonville, Florida- based railroad reported third-quarter net income of $455 million or 48 cents per share, down nearly 8...

  • CHICAGO, Oct 12- No. 3 U.S. railroad CSX Corp on Wednesday reported a lower quarterly net profit, citing an 8 percent drop in revenue and freight volumes, with coal freight down 21 percent in the three months ending Oct 31. The Jacksonville, Florida- based railroad reported third-quarter net income of $455 million or 48 cents per share, down nearly 8 percent from $507...

  • Transports on the move

    Chris Wetherbee, Citi senior analyst provides his outlook on transports and what it indicates about the U.S. economy.

  • CSX earnings on tap

    CNBC's Morgan Brennan takes a look at Street expectations when major rail company CSX reports quarterly result after the bell.

  • Three things to watch when CSX reports

    CNBC's Landon Dowdy reports the Street is expecting a bumpy third quarter for CSX Corp.

  • A New York Penn Station-bound Long Island Rail Road train arrives at the Freeport, LIRR station in 2014.

    An LIRR passenger train derailed on Saturday near New Hyde Park, New York, injuring as many as 29 and forcing service suspension, officials said.

  • In India, GE has needed to take additional, sometimes extraordinary, steps to grow its business, said John Rice, the company’s vice chairman.

  • Hoboken train crash investigation continues

    CNBC's Courtney Reagan reports the latest on the Hoboken, New Jersey train crash.