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Transportation Road and Rail

  • Richard Anderson, who spearheaded Delta's growth into the world's largest airline by market value when he retired as chief executive in May 2016, will become president and co-CEO on July 12, two days after Amtrak launches the rebuilding program at New York City's Pennsylvania Station. The repairs, estimated to cost $30 million to $40 million over several years,...

  • *Utilities, telecom in favor as tech lags. June 26- The S&P 500 and the Dow barely rose on Monday as gains were offset by a fall in technology stocks, which pushed the Nasdaq lower as investors turned to more defensive sectors. "The bond market is signaling an economic slowing," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

  • *Utilities, telecom in favor as tech lags. June 26- The S&P 500 and the Dow barely rose on Monday as gains were offset by a fall in technology stocks, which pushed the Nasdaq lower as investors turned to more defensive sectors. "The bond market is signaling an economic slowing," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

  • June 26- Apple Inc is leasing a small fleet of cars from rental company Hertz Global Holdings Inc to test self-driving technology, Bloomberg reported on Monday. Apple is renting Lexus RX450h sport-utility vehicles from Hertz's Donlen fleet-management unit, according to the Bloomberg report, citing documents released recently by the California Department...

  • June 26- Apple Inc is leasing a small fleet of cars from rental company Hertz Global Holdings Inc to test self-driving technology, Bloomberg reported on Monday. Apple is renting Lexus RX450h sport-utility vehicles from Hertz's Donlen fleet-management unit, according to the Bloomberg report, citing documents released recently by the California Department...

  • The leadership change comes as Amtrak's repair program at Penn Station in New York City is expected to cause major service disruptions this summer for commuters across the metropolitan region. A rift is growing between Amtrak, which owns Penn Station, and the two states that use most of the hub's track space, New York and New Jersey. During his tenure, Delta...

  • WASHINGTON, June 26- Amtrak on Monday named a former Delta Air Lines chief executive as its next president and CEO as the U.S. passenger rail carrier makes major repairs at its busiest U.S. hub. Richard Anderson will assume the title of president and co-CEO on July 12 and take over the CEO role exclusively on Jan. 1. Amtrak's repair program at Penn Station in New York...

  • WASHINGTON, June 26- Amtrak on Monday named a former Delta Air Lines chief executive as its next president and CEO as the U.S. passenger rail carrier makes major repairs at its busiest U.S. hub. Richard Anderson will assume the title of president and co-CEO on July 12 and take over the CEO role exclusively on Jan. 1. Amtrak's repair program at Penn Station in New York...

  • WASHINGTON, June 26- Amtrak on Monday named a former Delta Air Lines chief executive as its next president and CEO as the U.S. passenger rail carrier makes major repairs at its busiest U.S. hub. Richard Anderson will assume the title of president and co-CEO on July 12 and take over the CEO role exclusively on Jan. 1. Amtrak's repair program at Penn Station in New York...

  • WASHINGTON, June 26- Amtrak on Monday named a former Delta Air Lines chief executive as its next president and CEO as the U.S. passenger rail carrier makes major repairs at its busiest U.S. hub. Richard Anderson will assume the title of president and co-CEO on July 12 and take over the CEO role exclusively on Jan. 1. Amtrak's repair program at Penn Station in New York...

  • PASSENGER RAIL SYSTEM AMTRAK NAMES FORMER DELTA AIR LINES CEO RICHARD ANDERSON AS PRESIDENT AND NEXT CHIEF EXECUTIVE.

  • SAN FRANCISCO, June 15- Uber Technologies Inc's drive to become a major player in the trucking business is off to a bumpy start, with analysts and industry executives questioning what exactly the company can bring to the sprawling $700- billion industry. The San Francisco ride-services giant had planned to disrupt freight hauling by offering a complete...

  • BOLTON, Ontario, June 9- A visit to trucking firm Titanium Transportation helps explain why BlackBerry's stock is once again a darling in Canadian markets, having soared 70 percent in two months. Nestled in an industrial area some 50 kilometers north of Toronto, the trucker is an early adopter of a new BlackBerry fleet-tracking service known as Radar, which uses...

  • Scott Pattison, National Governors Association CEO and executive director, shares his expectations on President Trump's infrastructure summit at the White House.

  • DETROIT, June 7- Silicon Valley's latest mobility startup, a short-term vehicle leasing company called Canvas, is backed by old-school muscle: Ford Motor Credit Co, the dealer and consumer financing arm of U.S. automaker Ford Motor Co. From its San Francisco base, Canvas started offering variable-term leases with flexible payment options to Bay area customers...

  • June 7- Navistar International Corp posted a quarterly loss, compared with a year-ago profit, partly due to a $60 million charge related to used-truck inventories and said it expected overall market conditions to improve in the second half. Revenue in Navistar's truck business, its biggest, fell 5.5 percent to $1.40 billion in the second quarter ended April 30.

  • Donald Trump

    Jeffrey DeBoer, The Real Estate Roundtable, talks about President Trump's plan to rebuild America and how the country can pay for it. There are a lot of companies that want to invest in infrastructure, says DeBoer.

  • NEW YORK, June 5- CSX Corp. shareholders approved a proposal on Monday to reimburse an activist investor, Mantle Ridge Partners LP, $84 million for arranging the hiring of new Chief Executive Hunter Harrison. CSX, based in Jacksonville, Florida, is a $50 billion company that runs a 21,000 mile freight rail network along the U.S. east coast. The New York- based hedge...

  • We're making infrastructure bets now: Emerson Electric CEO

    David Farr, Emerson Electric chairman and CEO, and Jay Timmons, National Association of Manufacturers, share their thoughts on the benefits of infrastructure funding and the draw for foreign investors.

  • Congress needs to create a recipe for success on instrastructure: Jay Timmons

    David Farr, Emerson Electric chairman and CEO, Jay Timmons, National Association of Manufacturers, talk about the need to form bipartisan agreement on rebuilding America's crumbling infrastructure.