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Transportation Road and Rail


  • Carol Margolis actually tries to get layovers in Amsterdam, an easy airport to fly through for KLM or Delta flights in Europe. With six to eight hours to kill, she stows luggage in a Schiphol airport locker and goes into Amsterdam by train for "lunch along a canal, shopping and people-watching." Jennifer Tombaugh, president of the Tauck luxury tour and cruise company,...

  • 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...

  • Sept 9- XPO Logistics Inc said it would buy trucking and logistics company Con-way Inc for $3 billion, including debt, making it the second largest provider of less-than-truckload services in North America. Con-way's shares jumped 33 percent to $47.20 in after market trading on Wednesday, just shy of XPO's offer of $47.60 per share in cash.

  • XPO Logistics to buy trucker Con-way in $3 bln deal Wednesday, 9 Sep 2015 | 4:40 PM ET

    Sept 9- XPO Logistics Inc said it would buy trucking and logistics company Con-way Inc for $3 billion, including debt, making it the second largest provider of less-than-truckload services in North America.

  • 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...

  • Gay veterans lobby to have ousters reclassified Sunday, 6 Sep 2015 | 4:18 PM ET
    A U.S. soldier in Afghanistan

    Older veterans kicked out of the military decades ago for being gay are now asking that their discharges be upgraded, The NY Times reports.

  • LONDON, Sept 2- Truckers caught up in Europe's migrant crisis say business is increasingly disrupted by queues and stowaways, but they are far more worried governments will step up border controls. If the border-free zone within Europe were to disintegrate or be scrapped, it would call into question not only the road haulage industry's own, time-sensitive...

  • Why China wants to build Indonesia's high-speed rail Wednesday, 2 Sep 2015 | 12:19 AM ET
    Why China wants to build Indonesia's high-speed rail

    Johnson Leung, head of regional transport at Jefferies Group, discusses the interest that China had shown in the building of a high-speed railway in Indonesia.

  • 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...

  • U.S. roads more clogged than ever: Report Wednesday, 26 Aug 2015 | 6:00 AM ET
    U.S. roads more clogged than ever: Report

    A stronger economy usually leads to more traffic congestion on the roads

  • Race to rebuild America's bridges Friday, 21 Aug 2015 | 7:42 AM ET
    Race to rebuild America's bridges

    CNBC's Mary Thompson reports on the unusual relationship between Pennsylvania and private partners to implement a fast fix for the state's crumbling bridges.

  • America's infrastructure? 'Dumb as we want to be': Tom Friedman

    Thomas Friedman, New York Times columnist, discusses why it's time for Congress to pass a transportation bill to fund the rebuilding of America's crumbing roads, railways, and airports.

  • 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...