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Transportation Road and Rail

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  • NEWARK, N.J.— Power problems caused delays for Amtrak trains running between Washington, D.C. and Boston and for commuter lines into New York City on Friday, leaving thousands of riders livid and transit officials apologizing for the fourth such problem in a week. Amtrak was restricted to operating three trains at a time through the Hudson River Tunnel into New...

  • *Farmers, taxi drivers, ferry workers show law-breaking pays. PARIS, July 24- Less than a year since France abandoned its "ecotax" on truckers after protesters destroyed the equipment built to collect it, similar strongarm tactics look to be working for the nation's farmers, cab drivers and ferry workers. Ferry workers who have repeatedly blocked the Channel...

  • Universal Truckload beats 2Q profit forecasts Thursday, 23 Jul 2015 | 6:21 PM ET

    WARREN, Mich. _ Universal Truckload Services Inc. on Thursday reported second-quarter net income of $13.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • CHICAGO, July 23- Union Pacific Corp, a railroad contending with declining coal, energy-related and agricultural freight volumes, sees some signs that consumer demand for cars and other big-ticket items will help boost business, its top executive said on Thursday. Earlier on Thursday, Omaha, Nebraska- based Union Pacific, the largest U.S. railroad, reported a...

  • P.A.M. Transportation posts 2Q profit Thursday, 23 Jul 2015 | 10:48 AM ET

    TONTITOWN, Ark. _ P.A.M. Transportation Services Inc. on Thursday reported second-quarter earnings of $7 million. On a per-share basis, the Tontitown, Arkansas- based company said it had profit of 94 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • OMAHA, Neb.— A sharp decline in coal shipments drove down Union Pacific's second-quarter profit by 7 percent, and executives predicted that the railroad would fall short of expectations for the year because the challenging conditions will continue. Union Pacific Corp. said coal volume dropped 26 percent in the second quarter, and demand for that fuel is likely...

  • Republicans eliminated the proposal from a multi-year surface transportation bill, after coming under pressure from the Obama administration and Democratic lawmakers, whose support they need for passage of the legislation, Senate aides said on Wednesday. In late June, the Republican-controlled Senate Commerce Committee voted to repeal the requirement...

  • Republicans eliminated the proposal from a multi-year surface transportation bill, after coming under pressure from the Obama administration and Democratic lawmakers, whose support they need for passage of the legislation, Senate aides said on Wednesday. In late June, the Republican-controlled Senate Commerce Committee voted to repeal the requirement...

  • Knight Transportation beats 2Q profit forecasts Wednesday, 22 Jul 2015 | 9:09 AM ET

    PHOENIX _ Knight Transportation Inc. on Wednesday reported second-quarter profit of $27.6 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. Knight Transportation shares have declined 17 percent since the beginning of the year.

  • PORTLAND, Maine— A U.S. bankruptcy judge on Friday joined a Canadian judge in approving a $338 million fund to settle claims stemming from a fiery train derailment that claimed 47 lives in Canada. The final hurdle is a vote by creditors in the U.S. before the plan can be confirmed on Sept. 24, said Robert Keach, U.S. bankruptcy trustee for the former railroad that...

  • JB Hunt misses Street 2Q forecasts Friday, 17 Jul 2015 | 8:31 AM ET

    LOWELL, Ark. _ JB Hunt Transport Services Inc. on Friday reported second-quarter profit of $103.4 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share. Seven analysts surveyed by Zacks expected $1.61 billion.

  • GOP bill would undermine auto, rail safety regulations Thursday, 16 Jul 2015 | 3:42 PM ET

    A bill approved this week on a party-line vote by a Senate committee brims with industry-sought provisions that would block, delay or roll back safety rules. The measure is to be part of a must-pass transportation bill that GOP leaders hope to put to a vote in the Senate as early as next week. One provision would block a new Department of Transportation rule...

  • NEW YORK— Taxis are losing business travelers to ride-hailing services like Uber, a survey shows. In the three months ended in June, Uber overtook taxis as the most expensed form of ground transportation, according to expense management system provider Certify. "Established travel providers will need to adapt quickly or face further market share erosion to the...

  • CHICAGO, July 14- No. 3 U.S. railroad CSX Corp on Tuesday reported a higher quarterly net profit, beating forecasts as productivity gains and lower fuel prices offset a drop in coal volumes that took a bite out of revenue. But CSX received a boost from a fuel bill of $263 million for the quarter, 37 percent lower than the $416 is paid out in the second quarter of 2014. The...

  • WASHINGTON, July 14- Billionaire investor Warren Buffett is set to be a chief beneficiary of a bid by Senate Republicans to weaken new regulations to improve train safety in the $2.8 billion crude-by-rail industry, a key cog in the development of the vast North American shale oil fields. On Wednesday, the panel will decide whether to send the measure to the full...

  • BARRANCABERMEJA, Colombia, July 9- The hulking backhoe dredges up rocks and silt from the shallows of the muddy Magdalena River in the first laborious step to transform the waterway into an engine of economic growth. By clearing logjams, the aim is to allow big cargo barges to steam up 900 km from the Caribbean coast to Puerto Salgar, close to the capital Bogota.

  • HOUSTON, July 1- Union Pacific Corp will impose a $1,200 per-car surcharge on oil shippers that move crude in older railcars, the company told customers this week, becoming at least the second U.S. railroad to charge extra amid widespread safety concerns. Union Pacific said it changed its tariff in response to stronger U.S. rules for handling flammable liquids...

  • DHL: New China-Europe rail service is good news Thursday, 25 Jun 2015 | 12:46 AM ET
    DHL: New China-Europe rail service is good news

    Kelvin Leung, CEO, Asia Pacific at DHL Global Forwarding, says the company's third rail service from China to Europe offers customers with a cheaper and faster option.

  • WASHINGTON, June 24- U.S. commuter and freight railroads may be forced to suspend service or face daily fines beginning Jan. 1, unless Congress extends its year-end deadline for implementing new safety technology, lawmakers were told on Wednesday. The National Transportation Safety Board estimated that more than 245 people have died and 4,260 have been...

  • Truckers also want consistent standards throughout the country instead of a separate state rule in California. The EPA has said it intends to propose "performance-based" standards, allowing truck makers and operators to hit the target either through the engine, aerodynamic add-ons to trucks and trailers or software to make driving more fuel efficient.