Transportation Road and Rail

  • Chairman Liu Hualong told CNBC that CRRC doubled the number of contracts and have 10 times more assets abroad today.

  • Since then, billionaire investor Carl Icahn, Hertz's biggest shareholder, has increased his stake in the company, and the company's former CEO, John Tague, has been replaced by Marinello. The company's net loss from continuing operations widened to $223 million, or $2.69 per share, in the first quarter ended March 31, from $52 million, or 61 cents per share, a year...

  • The company's net loss from continuing operations widened to $223 million, or $2.69 per share, in the first quarter ended March 31, from $52 million, or 61 cents per share, a year earlier. Hertz booked an impairment charge of $30 million in the quarter. Revenue fell to $1.92 billion from $1.98 billion.

  • Warren Buffett

    Warren Buffett is looking for investment opportunities in renewable energy.

  • We need stability and ifnancining to develop in US cities

    Alstom CEO Henri Poupart-Lafarge discusses earnings and a potential spending boost for infrastructure in the U.S.

  • SAN FRANCISCO, May 3- A U.S. judge on Wednesday said he had not seen clear evidence that Uber Technologies Inc had conspired with an engineer on its self driving car program to steal trade secrets from Alphabet Inc's Waymo, and that he was wrestling with whether to issue an injunction against the ride service. At a hearing in San Francisco federal court, U.S.

  • SAN FRANCISCO, May 3- An Uber Technologies Inc engineer at the center of a Silicon Valley self-driving technology theft lawsuit received more than $250 million worth of Uber stock which began vesting the day after he left Alphabet Inc's Waymo, lawyers for Waymo said in court on Wednesday. The ride-services company is contesting Waymo's accusation that former...

  • Dirk Ahlborn, CEO of Hyperloop Transportation Technologies, says current transportation relies too much on government subsidies.

  • "The stabilization that we're seeing in the market is much more driven by the price of natural gas as a competitive fuel," Chief Executive Lance Fritz told Reuters after the Omaha, Nebraska- based railroad reported a better-than-expected first-quarter profit that was boosted by a 25 percent increase in coal revenue. He said he was also optimistic that the North...

  • DETROIT, April 27- Union Pacific Corp on Thursday reported better-than-expected quarterly profit, lifted in particular by a 25 percent jump in coal freight volume, and said it expects its freight business to grow in the low single digits in 2017.. Union Pacific said it expects to improve its operating ratio, a key metric for Wall Street that measures expenses as a...

  • The Omaha, Nebraska- based company said on Thursday freight revenue from coal surged 25 percent in the first quarter ended March 31. Union Pacific's net income rose to $1.07 billion, or $1.32 per share, in the first quarter, from $979 million, or $1.16 per share, a year earlier. Analysts on average had expected first-quarter profit of $1.23 per share, and revenue of...

  • April 27- Union Pacific Corp, No. 1 U.S. railroad, reported a 9.5 percent rise in quarterly profit, led by higher freight revenue from coal. The company's net income rose to $1.07 billion, or $1.32 per share, in the first quarter ended March 31, from $979 million, or $1.16 per share, a year earlier. Total operating revenue rose 6.3 percent to $5.13 billion.

  • MONTREAL April 24- Canadian National Railway Co on Monday reported an 8 percent increase in quarterly revenue as the railroad moved record volumes, boosted by grain, frac sand and coal. Canada's largest railroad also approved a quarterly dividend and said total carloads rose 9 percent in the first quarter ended March 31, although rail freight revenue per...

  • "The long-term outlook continues to be extremely positive, chief executive Patrick Ottensmeyer said in a call with analysts." Nevertheless, shares slipped on Friday on worries about the company's operations in Mexico. The railroad has an extensive network in Mexico.

  • April 21- Regional U.S. railroad Kansas City Southern reported a 36 percent jump in quarterly net profit on Friday, driven by an increase in overall carload volumes. The company's net income available to common stockholders rose to $146.5 million, or $1.38 per share, in the first quarter ended March 31, from $107.7 million, or 99 cents per share, a year earlier.

  • CSX freight lines run through center city Philadelphia

    CSX saw its shares rise over 6 percent in early trading after the railroad giant topped Wall Street's expectations with strong earnings.

  • NEW YORK, April 20- Shares of railroad operator CSX Corp jumped more than 6 percent on Thursday after the company reported better-than-expected quarterly earnings and its CEO said it aims at lower costs, including job reductions, and improved margins. Chief Executive Hunter Harrison said in a call with analysts that the No. 3 U.S. railroad also plans to bring...

  • Amtrak has support on both sides of the aisle: CEO

    Wick Moorman, Amtrak CEO, discusses support in Congress to improve the company's train network, as resources and service could diminished under President Trump's proposed budget.

  • Japan wants to build high speed rail in US

    CNBC's Morgan Brennan reports on the world's fastest train, which tops 370 miles per hour.

  • MONTREAL, April 19- Canadian Pacific Railway Ltd reported a higher-than-expected quarterly profit as it earned more from shipments of commodities such as grain and coal, and the company expressed optimism that demand was improving. The results are the first under Chief Executive Keith Creel, who officially took the reins in the middle of the quarter from...