NEW YORK, Feb 4- New York City Mayor Bill de Blasio will back in his annual keynote address on Wednesday a $2.5 billion plan to create a light rail service linking the growing outer boroughs of the city that are poorly served by existing public transport networks. The 16- mile track would run from Astoria in Queens, tracing a line along the East River and New York's...» Read More
WASHINGTON, Sept 30- U.S. lawmakers, under mounting pressure from the railroad industry, announced bipartisan legislation on Wednesday to extend a Dec. 31 deadline for costly new safety technology for at least another three years. The bill, introduced by Republicans and Democrats on the House Transportation and Infrastructure Committee, could avert a...
CHICAGO/ NEW YORK, Sept 28- Investors in U.S. railroad stocks, who have been punished in 2015 by an accelerating decline in high-margin coal shipments, now are pinning their long-term hopes on a resurgence in consumer spending. The major publicly-traded U.S. railroads including Union Pacific Corp, CSX Corp and Norfolk Southern Corp have missed estimates or...
Jeff Reeves, Investorplace.com writer and executive editor, and Carter Worth, Cornerstone Macro, discuss opportunities in the rail space.
WASHINGTON, Sept 16- A U.S. watchdog office urged Congress on Wednesday to empower regulators to extend a Dec. 31 deadline for freight and passenger railroads to adopt new safety technology that could prevent major derailments and other deadly crashes. The report surfaced a week after major freight railroads stepped up pressure on Congress to extend the...
Hunter Harrison, Canadian Pacific CEO, talks about his relationship with activist investor Bill Ackman, and turning around CP. And Keith Creel, Canadian Pacific COO, and Bill Ackman talk about the future of CSX.
WASHINGTON, Sept 8- U.S. railroads may not be obligated under federal law to carry freight including crude oil and hazardous materials from Jan. 1 if they fail to meet a year-end deadline for implementing new train safety technology, according to a top federal regulator. In a Sept. 3 letter to the Senate Commerce Committee, U.S. Surface Transportation Board...
The oil tank cars- a year ago sought-after to haul crude from North Dakota to New Jersey- now stand idle as a result of two converging trends: the reversal in U.S. shale oil production and the completion of new pipelines. Big rail lines, such as Berkshire Hathaway- owned BNSF Railways or Union Pacific are losing what used to be their fastest-growing source of new...
Wells Fargo is the front-runner to buy GE's railcar financing unit. - Bloomberg
Transport carriers are making significant investments to fit more containers on their networks. Here's why.
CNBC's Morgan Brennan, takes a look at the big bet some transport carriers are making to fit more containers on their networks.
Hong Kong's first major IPO to brave the market since the depths of the China market rout, CRSC, opened nearly flat on debut Friday.
Insight on earnings, with Lance Fritz, Union Pacific president and CEO, who also discusses the impact coal, crude and natural gas pricing has on business.
Why you should keep an eye on rail volumes in the second half of the year, with CNBC's Morgan Brennan.
CNBC's Morgan Brennan has the update on transport stocks and shippers. Expect weakness in rails to continue but not for companies that cart consumer goods, reports Brennan.
Google teams up with the government to add railroad crossing data to its map system.
CNBC's Morgan Brennan takes a look at why investors are hitting the brakes on the railroad sector after cruising for many years.
Transports are lagging on Wall Street. CNBC's Morgan Brennan reports the latest.
The government's railroad watchdog is urging railroads to use more caution after the fatal Amtrak crash last month.
Leos Novotny, Leo Express CEO, plans on replicating the same model of euro-styled trains to the U.S.
Craig Hodges, The Hodges Fund, shares his play on the airlines, rails and construction.