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Transportation Road and Rail

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  • Bruce Flatt, chief executive officer of Brookfield Asset Management Inc., speaks during the company's annual general meeting in Toronto, Ontario, Canada.

    A group led by Canada's Brookfield will buy Australian logistics company Asciano for $6.5B, creating a global port and freight business.

  • Traffic deaths on the rise Monday, 17 Aug 2015 | 10:00 AM ET
    Traffic deaths on the rise

    Traffic deaths spike 14% in the first six months of 2015; injuries are up by a third.

  • Hertz's quarterly revenue falls 5 percent Monday, 10 Aug 2015 | 5:40 PM ET

    Aug 10- Car rental company Hertz Global Holdings Inc reported a 5 percent decline in quarterly revenue, hurt by the strong dollar and lower car rental volume in the United States. Net income fell to $23 million, or 5 cents per share, in the second quarter ended June 30, from $72 million, or 15 cents per share, a year earlier. On an adjusted basis, Hertz earned 19 cents per...

  • WASHINGTON, Aug 7- Only a small number of U.S. railroads will meet the Dec. 31 deadline for implementing new train safety technology that experts say would have prevented the deadly May 12 Amtrak derailment in Philadelphia, officials said on Friday. A report to Congress by the Federal Railroad Administration showed that just three out of 38 inter-city passenger,...

  • 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.

  • Aug 5- XPO Logistics Inc's quarterly revenue doubled, boosted by its purchase of France- based Norbert Dentressangle SA and an increase in trucking capacity in the United States. The company, which is on track to hit a revenue run-rate of $9.5 billion this year, said on Wednesday it targets about $23 billion in revenue by 2019.. XPO, whose customers include Macy's...

  • July 31- The Dow and S&P 500 were dragged down on Friday by weak earnings from oil producers Exxon Mobil and Chevron, while the Nasdaq edged up after Amgen's profit beat expectations. Exxon Mobil shares fell 4 percent to $79.52 while Chevron was down 4.2 percent at $89.06 after quarterly profits slumped on falling oil prices. Amgen rose 4.7 percent to $179.64...

  • *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...

  • 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...

  • 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...

  • 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.

  • CORRECTED-YOUR MONEY-Graduating into the family business Wednesday, 3 Jun 2015 | 10:36 AM ET

    NEW YORK, June 2- There is one big advantage 23- year-old Clint Morrison has found joining his family's business fresh upon graduating from Rider University: he has a job, while most of his friends do not. The Morrison family business, Benefit Design Specialists Inc, administers employee benefit plans for small businesses and is based in Mechanicsburg,...

  • YOUR MONEY-Graduating into the family business Tuesday, 2 Jun 2015 | 9:30 AM ET

    NEW YORK, June 2- There is one big advantage 23- year-old Clint Morrison has found joining his family's business fresh upon graduating from Rider University: he has a job, while most of his friends do not. The Morrison family business, Benefit Design Specialists Inc, administers employee benefit plans for small businesses and is based in Mechanicsburg,...