Transportation Road and Rail

  • MARRAKESH, Morocco/ CHICAGO, Nov 9- The prospect of an abrupt shift in U.S. climate policy under President-elect Donald Trump lifted the shares of U.S. mining equipment giant Caterpillar Inc, North American railroads and other companies tied to fossil fuels, and slammed shares of renewable energy firms. His victory caused dismay at a climate policy conference in...

  • Hertz overbought in the compact car category and overpromised on performance for the year, Chief Executive John Tague said on a post-earnings call on Tuesday. "And while we've generally been fans of the Hertz management team, this result tells us that this management team may now face questions around credibility," Barclays analyst Brian Johnson wrote in a note.

  • Nov 8- Hertz Global Holding Inc lost more than half its market value on Tuesday, after the U.S. car rental company slashed its full-year profit forecast as it wrote down the value of its compact cars amid a slowdown in demand. Hertz, facing stiff competition from the likes of Uber, has been gradually reducing the size of its big fleet, which it operates under brands...

  • The company, which operates its fleet under brands such as Hertz, Dollar and Thrifty, forecast adjusted profit of 51 cents- 88 cents per share for the year, compared with its earlier estimate of $2.75- $3.50 per share. Revenue from the company's U.S. car rental business, which is also its biggest, fell 1.9 percent to $1.71 billion for the third quarter ended Sept. 30.

  • BRASILIA, Nov 4- Brazil will allow investors to return concessions for road, railroad, port and airport projects that have not taken off in an effort to attract fresh private investment to modernize decrepit infrastructure, a government source said on Friday. Outdated infrastructure has hobbled exports of commodities by Brazil, one of the world's biggest food...

  • BRASILIA, Nov 4- Brazil's program to modernize its infrastructure will include an extension of current railway concessions but require that private investors match public investment in the railroads, a source with knowledge of the government's plans told Reuters on Friday. President Michel Temer is seeking to boost private investment in building and...

  • CHICAGO, Nov 1- Ratings agency Moody's on Tuesday raised its outlook for the North American railroad industry, citing the possibility of rising revenue as freight volumes stabilize. Moody's said it expected revenue for the railroads to be flat to up 2.5 percent over the next 12 to 18 months as they regain some pricing power following freight declines led by coal...

  • MONTREAL, Oct 31- Too many Canadian train crews, particularly on freight lines, are not getting sufficient rest and railroads need to do more to apply fatigue science to scheduling, the country's transport safety watchdog said on Monday. The Transportation Safety Board of Canada, an independent government agency, singled out rail fatigue in its 2016 watch list,...

  • Mad Money 2

    Jim Cramer spoke with Norfolk Southern CEO Jim Squires on his innovative way to continue making money with cargoes on the decline.

  • CHICAGO, Oct 26- Norfolk Southern Corp, the No. 4 U.S. railroad, on Wednesday reported a better-than-expected profit as a continuing cost-cutting drive offset a revenue drop of more than 7 percent and said it expected fourth-quarter freight volumes would be flat to slightly up after five consecutive quarters of declines. Norfolk Southern reported net income of...

  • CHICAGO, Oct 26- Norfolk Southern Corp, the No. 4 U.S. railroad, on Wednesday reported a better-than-expected quarterly profit that rose on an ongoing productivity and cost-cutting drive that offset a revenue drop of more than 7 percent. Norfolk Southern reported net income of $460 million, or $1.55 per share, up 1.7 percent from $452 million, or $1.49 per share a...

  • Canada's largest railroad said carloads fell 4.4 percent in the third quarter ended Sept. 30, and it expected total carloads for 2016 would decrease in the mid single-digit range. U.S. grain revenue was up 20 percent during the quarter, while Canadian grain revenue was down 5 percent, partly because of a later than expected harvest of this year's crop, said CN's...

  • Oct 25- Canadian National Railway Co reported a 6.5 percent fall in quarterly revenue on Tuesday as it moved lower volumes of crude oil, coal and fracking sand. Revenue fell 6.5 percent to C $3.01 billion. The company's net income fell to C $972 million, or C $1.25 per share, from C $1.01 billion, or C $1.26 per share, a year earlier.

  • BEIJING, Oct 25- China's rail freight volume rose 7 percent in September from the same period last year to 285.6 million tonnes, the National Bureau of Statistics said on Tuesday.

  • Trading Nation: US economy off the rails?

    David Seaburg, Cowen & Co., and Boris Schlossberg, BK Asset Management, discuss using the transportation sector as a bellwether for the economy with Brian Sullivan.

  • DETROIT, Oct 20- The top executive of railroad Union Pacific Corp said on Thursday that despite negative election campaign rhetoric about free trade agreements, they have benefited the U.S. economy and he is optimistic Congress will pass the Trans Pacific Partnership. Trump also has railed against the North American Free Trade Agreement with Canada and...

  • DETROIT, Oct 20- Union Pacific Corp reported a lower-than-expected quarterly profit as freight volumes declined and it forecast a further drop in the current period due partly to the strong U.S. dollar and soft demand for consumer goods. "The macroeconomic environment still has its challenges- an unstable global economy, the relatively strong U.S. dollar, and...

  • DETROIT, Oct 20- Union Pacific Corp reported a lower-than-expected quarterly profit as freight volumes declined and forecast a drop in the current period due partly to the strong U.S. dollar and soft demand for consumer goods. "The macroeconomic environment still has its challenges- an unstable global economy, the relatively strong U.S. dollar, and continued...

  • DETROIT, Oct 20- Union Pacific Corp reported a lower-than-expected quarterly profit as freight volumes declined, and it forecast a volume drop in the current period as a strong U.S. dollar and soft demand for consumer goods weighs on its results. The No. 1 U.S. railroad's earnings miss on Thursday came despite posting slightly higher-than-expected revenue.

  • DETROIT, Oct 20- No. 1 U.S. railroad Union Pacific Corp on Thursday reported a lower quarterly net profit that missed expectations as freight volumes fell 6 percent and warned of continued business challenges, including a strong U.S. dollar and soft demand for consumer goods. The Omaha, Nebraska company's earnings miss came despite posting slightly...