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Road and Rail Railroads

  • 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...

  • 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...

  • TORONTO, Feb 24- Passenger and freight train service across southern Ontario started to resume on Friday after being halted due to a power outage at Canadian National Railway's rail traffic control center, officials said. The domino effect could slow national freight routes as outages at a traffic control centre could mean signals turn red throughout the...

  • BNSF CEO: 2017 will be better than 2016

    Matt Rose, BNSF CEO, speaks to CNBC's Morgan Brennan about his infrastructure expectations and Trump administration policies.

  • Should Amtrak be privatized?

    Amtrak CEO Wick Moorman weighs in on whether Amtrak should be privatized.

  • Amtrak CEO: Would like $28B primarily for Northeast Corridor

    Amtrak CEO Wick Moorman speaks to CNBC's Morgan Brennan about fixing rail infrastructure problems.

  • Rocky road for California train

    CNBC's Aditi Roy reports on the future of high-speed rail in the country under the Trump administration.

  • Pacific Northwest, sending freight rates soaring and prompting Asian buyers to seek fill-in loads as they wait for the backlog at ports to clear. The setbacks come at a critical time for U.S. exporters, who are trying to move as much grain as possible before buyers turn their attention to South America when corn and soybean harvests in Argentina and Brazil...

  • Pacific Northwest, sending freight rates soaring and prompting Asian buyers to seek fill-in loads as they wait for the backlog at ports to clear. The setbacks come at a critical time for U.S. exporters, who are trying to move as much grain as possible before buyers turn their attention to South America when corn and soybean harvests in Argentina and Brazil...

  • MOSCOW, Jan 31- Freight One, Russia's largest freight rail operator and part of Vladimir Lisin's UCL Holding, has submitted an official bid for a stake in Transcontainer, Freight One board member Alexander Sapronov was quoted as saying by Interfax on Tuesday. Transcontainer is controlled by Russian Railways, which via associated companies owns around 63...

  • Transports ride into record territory

    Chris Wetherbee, Citi, provides his outlook on the Dow Jones Transportation Average as growth continues in the transport sector fueled by freight volume and "seasonal" weather patterns.

  • NEW YORK, Jan 25- BNSF Railway Co will start offering discounts to ethanol shippers this April if they agree to use new, safer train cars, as it pushes to scrub puncture-prone ones from its rail lines at a faster pace than required by U.S. regulations. There were 35,252 tank cars hauling ethanol in September, and 84 percent, or 29,597, were DOT 111 s, according to the...