Transportation Road and Rail

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  • UPDATE 1-CSX Q4 profit falls on lower freight volumes Tuesday, 12 Jan 2016 | 4:32 PM ET

    CHICAGO, Jan 12- No. 3 U.S. railroad CSX Corp on Tuesday reported a lower quarterly net profit, citing a drop in freight volumes, and said the weak global economy and U.S. industrial markets would weigh on results in the coming year. "With negative global and industrial market trends projected for 2016, full-year earnings per share are expected to be down compared to...

  • CSX Q4 profit falls on lower freight volumes Tuesday, 12 Jan 2016 | 4:13 PM ET

    CHICAGO, Jan 12- No. 3 U.S. railroad CSX Corp on Tuesday reported a lower quarterly net profit citing a drop in freight volumes, especially a 32 percent decline in the amount of coal hauled. The Jacksonville, Florida- based railroad reported fourth-quarter net income of $466 million or 48 cents per share, down 5 percent from $491 million or 49 cents per share a year...

  • *China's rail freight volumes fall 10.5 pct in 2015. *Likely to add to concerns over China's economic growth rate. SHANGHAI, Jan 5- China's national rail freight volumes declined by a tenth in 2015, their biggest ever annual decline, business magazine Caixin reported on Tuesday, a figure likely to raise questions about how sharply the economy is really slowing.

  • SHANGHAI, Jan 5- The total volume of goods transported by China's national railway dropped by a tenth last year, its biggest ever annual decline, business magazine Caixin reported on Tuesday, a figure likely to fan concerns over how sharply the economy is really slowing. The amount of cargo moved by railways around China is seen as an indicator of domestic...

  • BEIJING, Dec 28- China's rail freight volume in November fell 15.6 percent from a year earlier to 270 million tonnes, the nation's top economic planner said on Monday. The volume of goods carried by China's railways in the first 11 months was down 12.3 percent from a year ago to 3.07 billion tonnes, the National Development and Reform Commission said on its website.

  • LONDON, Dec 23- Traffic on the U.S. rail network continues to weaken in a sign of the slowdown spreading across the industrial economy and efforts by firms to reverse the unplanned build up of inventories throughout the supply chain. The number of railcars and containers carried by the major railroads was down 8 percent last week compared with the same week a year...

  • *Deal for 250,000 vehicles including 150,000 based on Saab 9-3. STOCKHOLM, Dec 17- The China- focussed consortium that bought bankrupt Swedish automaker Saab- and bet on going all electric- unveiled its first major deal on Thursday, a mammoth $12 billion order for electric cars for a Chinese leasing company. Those based on the Saab 9-3 compact sedan will have a new...

  • The next big thing in US trucking: Women Wednesday, 16 Dec 2015 | 11:30 AM ET
    Woman in Trucking

    With a 48,000-driver shortfall, U.S. trucking fleets are recruiting from a little-tapped labor pool: women.

  • *India has 13 of world's 20 most polluted cities- WHO. NEW DELHI, Dec 3- India will force all commercial trucks more than 15 years old off the road from April and is reviewing how it checks vehicle emissions, a senior transport official said, as the government tries to curb soaring urban air pollution. The World Health Organization said last year that India had 13 of the...

  • India to ban old trucks as cities choke on dirty air Wednesday, 2 Dec 2015 | 5:00 PM ET

    *India has 13 of world's 20 most polluted cities- WHO. NEW DELHI, Dec 3- India will force all commercial trucks more than 15 years old off the road from April and is reviewing how it checks vehicle emissions, a senior transport official said, as the government tries to curb soaring urban air pollution. The World Health Organization said last year that India had 13 of the...

  • WASHINGTON, Dec 2- The mammoth highway bill that Congress will consider this week contains a long list of provisions that were the target of intense lobbying by interest groups for the transportation industry and public safety advocates. The five-year measure, dubbed the Fixing America's Surface Transportation Act or FAST Act, would be the first long-term...

  • Alstom wins €3.7B India rail contracts Wednesday, 2 Dec 2015 | 12:22 AM ET

    Alstom has won two rail contracts in India worth up to €3.7B as the country ups spending in its outdated network, the Financial Times reports.

  • BEIJING, Nov 18- China's rail freight volume in October fell 16.3 percent from a year earlier to 280 million tonnes, the nation's top economic planner said on Wednesday. The volume of goods carried by China's railways in the first ten months was down 11.9 percent from a year ago to 2.8 billion tonnes, the National Development and Reform Commission said on its...

  • Most Brazil roads open as gov't fines protesting truckers Wednesday, 11 Nov 2015 | 9:46 AM ET

    SAO PAULO, Nov 11- A strike by independent truckers waned in Brazil on Wednesday after the government increased fines for blocking roads, with federally operated highways blocked in only four points, down from some 20 on Tuesday, federal highway police said. Brazil's pork and poultry association warned that roadblocks in the south could affect exports at a...

  • Qube battles Brookfield with $6.3B Asciano bid Monday, 9 Nov 2015 | 6:40 PM ET
    Straddle carriers move shipping containers at Asciano's Patrick terminal at the Port of Brisbane in Brisbane, Australia.

    Asciano said it had received a takeover proposal from a consortium led by Qube, challenging a rival offer from Canada's Brookfield.

  • SAO PAULO, Nov 9- Independent truckers in Brazil started an indefinite strike on Monday, blocking traffic in a few states in the agricultural powerhouse as they asked for President Dilma Rousseff's impeachment, according to federal highway police. The soy crop is currently being planted so exports of Brazil's main cash crop will not be effected.

  • Sales of medium and heavy duty natural gas trucks are expected to rise less than 1 percent this year after climbing nearly 27 percent in 2014, Power Systems Research, a St. Paul, Minnesota firm that studies engines, told Reuters. "Adoption rates of natural gas engines will ultimately depend on the price of diesel fuel," said Jim Downey, a vice president at Power...

  • Nov 4- XPO Logistics Inc, which acts as a broker between shippers and freight companies, said its revenue more than tripled, driven by acquisitions. XPO, whose customers include Macy's Inc, ConAgra Foods Inc and Dean Foods Co, also acquired trucking and logistics company Con-way Inc for $3 billion last month. XPO's net loss attributable to shareholders widened to...

  • LONDON, Nov 3- Freight carried by major U.S. railroads fell by 7 percent in the second quarter of 2015 compared with the same period in 2014, confirming that large parts of the industrial economy are in recession. Coal shipments to power plants, the biggest commodity on the network, accounting for about one-third of total tonnage, have been hit by a combination of...

  • "There is no' sell' signal as far as I'm concerned," said Katie Stockton, chief technical strategist at BTIG in New York. Analysts point to specific transports, such as United Parcel Service Inc, FedEx Corp, and hard-hit railroads, down 25.1 percent this year, as places to bargain hunt. "For investors who have a longer time horizon, that is more than a couple of months, we...