Transportation Road and Rail

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  • CHICAGO, July 13- CSX Corp, the third-largest U.S. railroad, on Wednesday posted a lower second-quarter net profit that beat expectations as lower costs partly offset a 34 percent drop in coal volumes. The railroad's shares rose more than 4 percent on the news which came before the market closed. On Wednesday the Association of American Railroads said that...

  • CSX CEO talks earnings, coal

    Michael Ward, CSX Corporation Chairman & CEO, discusses the company's earnings release and how the price of coal is affecting the rail operator.

  • CHICAGO, July 13- CSX Corp, the third-largest U.S. railroad, on Wednesday posted a lower second-quarter net profit that beat expectations as lower costs partly offset a 34 percent drop in coal volumes. On Wednesday the Association of American Railroads said that year-to-date through July 9, freight on all U.S. railroads was down 7.7 percent from the same period in...

  • CHICAGO, July 13- CSX Corp, the third-largest U.S. railroad, on Wednesday reported a lower second-quarter net profit, driven by an overall decline in freight volumes of 9 percent. The Jacksonville, Florida- based company posted net income of $445 million, or 47 cents per share, down nearly 20 percent from $553 million, or 56 cents per share, a year earlier.

  • BOGOTA, July 5- Colombia's government said on Tuesday it has asked truckers to consider a raft of proposals to end a 28- day strike that its causing cargo delays and putting pressure on food prices amid already high inflation. Prices for potatoes, plantains and yucca, all diet staples in Colombia, were up by more than 20 percent in some cities during the last week of...

  • Busiest day on the road

    CNBC's Kate Rogers reports from the New Jersey Turnpike on what to expect if you're heading out for the long weekend.

  • Record-breaking road travel

    CNBC's Kate Rogers reports gas prices are at their lowest level since 2005, but be prepared to sit in traffic this holiday weekend. AAA reports 36 million people plan to drive this July 4th weekend.

  • Get readyfor heavy July 4th traffic: Report

    According to AAA it's going to be a record-breaking travel weekend, reports CNBC's Kate Rogers.

  • *Daimler boosts multi-brand fleet by 250,000 to 340,000 vehicles. FRANKFURT/ AMSTERDAM, July 1- Daimler, the German maker of Mercedes cars, has struck a deal to buy Rabobank's Athlon car leasing arm for 1.1 billion euros to more than triple the size of its fleet management business. In 2011, BMW bought a similar sized leasing business from ING for 637 million euros,...

  • AMSTERDAM, July 1- Rabobank said on Friday it had agreed to sell its Athlon car leasing business to Daimler Financial for 1.1 billion euros. Daimler plans to integrate Athlon, which manages a fleet of 250,000 vehicles in 11 European countries, into its own Daimler Fleet Management. Athlon is part of Rabobank's DLL unit, one of the world's largest vendor financing...

  • BEIJING, June 29- China's rail freight volume fell 7.7 percent in the first five months of 2016 from a year earlier to 1.32 billion tonnes, the country's top economic planner said late on Tuesday.

  • BRUSSELS, June 7- Eleven countries have urged European Commission to take action against laws in France and Germany that require foreign drivers be paid the French or German minimum wages when they drive through those countries. The transport ministers of Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Romania, Slovakia and Slovenia...

  • Cramer's Mad Dash:

    Jim Cramer explains what to watch ahead of the open.

  • WARSAW, June 3- Polish freight group PKP Cargo is benefiting from rising demand for rail transport between China and Europe, a route that is developing as a modern day Silk Road. The company now operates 20 such trains each week, carrying mostly high value-added goods from China bound for Western Europe. It usually takes PKP's trains 11-14 days to get from China to...

  • NEW YORK, June 2- Rhetoric against free trade from both likely U.S. presidential nominees poses a risk to the economy and consumers who would lose out if international trade is restrained, the chief executive of the largest U.S. railroad said on Thursday. Presumptive Republican nominee Donald Trump has criticized the North American Free Trade Agreement and...

  • PARIS, June 2- Strikes halved French train services on Thursday but attempts by the militant CGT union to extend protests against planned labour reforms to air traffic control and the Paris underground ahead of a European soccer tournament appeared to have failed. Transport Minister Alain Vidalies said traffic was running normally despite a strike call on...

  • PARIS, June 2- Strikes halved French train services on Thursday but attempts by the militant CGT union to broaden protests against labour reforms to air traffic control and the Paris underground ahead of a European soccer tournament appeared to have failed. Transport Minister Alain Vidalies said traffic was normal on the Paris Metro, unions other than the CGT...

  • MOSCOW, May 31- Moscow's new international airport is set to open next month with only a handful of airlines and faces a struggle to win passengers from rivals after Russia's economic crisis. The Zhukovsky airport terminal was inaugurated by Prime Minister Dmitry Medvedev on Monday, part of a 10 billion rouble project to redevelop a cargo airfield and Cold War...

  • BEIJING, May 30- China's rail freight volume fell 7.9 percent in the first four months of 2016 from a year earlier to 1.05 billion tonnes, the country's top economic planner said on Monday. For April, the amount of cargo moved by railways declined 4.5 percent year-on-year to 260 million tonnes, the National Development and Reform Commission said on its website.

  • TORONTO/ MONTREAL, May 25- The wildfire that has ravaged northern Alberta and cut Canadian crude output by 25 percent is set to crimp corporate earnings beyond the oil patch, especially hitting the rail and hospitality sectors. The fire, which has caused an estimated $50 million a day in lost production for oil sands companies near the evacuated city of Fort...